US businesses trust Vietnam's pandemic response, economic recovery

Oct 1st at 08:19
01-10-2021 08:19:05+07:00

US businesses trust Vietnam's pandemic response, economic recovery

U.S. businesses said Thursday that they believe Vietnam will succeed in bringing the Covid-19 pandemic under control soon and reopen the economy in a sustainable manner.

A street in HCMC's downtown District 1 is clear of Covid-19 barriers as the city prepares to resume most activities, September 30, 2021. Photo by VnExpress/Quynh Tran

In a meeting between representatives of the U.S.-ASEAN Business Council and National Assembly chairman Vuong Dinh Hue, Chris Helzer, Nike global vice president of trade, said he was glad to see some factories in southern Vietnam reopen after the pandemic disruptions.

As the vaccination rate rises and Vietnam shifts to a new period of Covid-19 adaptation, the reopening process would happen on a larger scale with more factories and better productivity, allowing the country to get back on its feet, he said.

Helzer said the reopening process should be simplified and balanced between different areas and localities. He said he believed that Vietnam can bring the pandemic under control without resorting to long-term social distancing measures.

A representative of agricultural firm CropLife Vietnam agreed with the government’s switch to a strategy that adapts to the pandemic. He said Vietnam should outline plans to reopen the economy and foster businesses' faith in investing in the country.

Ted Osius, president and CEO of the U.S.-ASEAN Business Council, applauded Vietnam's efforts in supporting the people and businesses through the pandemic and affirmed that U.S. businesses support Vietnam's dual goals of fighting the pandemic and ensuring economic growth in tandem.

NA Chairman Hue said Vietnam was indeed switching to a coronavirus strategy focusing on adapting safely to the disease and. He said Vietnam wishes that businesses continue to share their experiences in fighting the pandemic while balancing the fight with socioeconomic interests.

Vietnam is also looking at policies and strategies to jump start socio-economic activities that could be applied nationwide, Hue said, adding that he hoped U.S. businesses could facilitate the completion of such a policy framework.

Vnexpress





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Viet Nam, Australia work towards balanced, sustainable trade

Viet Nam-Australia trade posted growth in 2021 despite the impact of COVID-19, Director of the Asia-Africa Market Department under the Ministry of Industry and...

Vinh Long works to support business in local IPs amid COVID-19

The Mekong Delta province of Vinh Long has applied various measures to support pandemic-hit enterprises to recover and develop business and production, especially...

HCMC to resume most activities from Oct.1

Except for some sectors considered as posing high Covid infection risk, most public and private production and service facilities in HCMC are allowed to reopen from...

World Bank says Delta variant slowing economic growth in East Asia and Pacific

The East Asia and Pacific region's recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing...

Experts define legal risks for local exporters in e-commerce transactions

Though e-commerce channels are considered one of the best solutions to sell local products amid the pandemic, legal risks from the activities remain a concern.

European firms express trust in Vietnam’s investment environment

Despite the heavy impact of the fourth wave of Covid-19 leading to an 18 percent decline in their orders, European firms in Vietnam plan to stay.

Japanese firms want to expand investment in Viet Nam: SCCI Chairman

Member enterprises of the Sakai Chamber of Commerce and Industry (SCCI) doing business in Viet Nam have provided positive evaluations about the country and...

Viet Nam’s third quarter GDP down 6.7 per cent: lowest quarterly decline since 2000

Viet Nam witnessed a steep decline in gross domestic product (GDP) of 6.7 per cent in the third quarter of this year, the General Statistics Office said on...

Standard Chartered Vietnam, the British Chamber of Commerce aim for net-zero carbon emissions

Standard Chartered Vietnam and British Chamber of Commerce in Viet Nam (Britcham) hosted a webinar on Wednesday entitled: “Achieving net-zero, carbon markets and...

Covid keeps public spending at below 50 pct of plan

Public spending will not even reach half the full-year’s target by the end of September as the pandemic delays the progress of most projects.


MOST READ


Back To Top