Showing posts with label expects investment. Show all posts
Showing posts with label expects investment. Show all posts

Wednesday, December 8, 2010

President expects more US investment in ASEAN

Vietnamese State President Nguyen Minh Triet said he expected US
businesses to continue to boost investment in ASEAN, a stable region
with high economic growth and a great potential for development.


Addressing a working session between ASEAN leaders and the US-ASEAN
Business Council in New York on Sept. 24, President Triet spoke
highly of US groups’ intention to pour more investment into ASEAN.


During the upcoming summit in Hanoi in October, ASEAN members will
discuss ways to strengthen the connectivity of large-scale projects to
move closer to the establishment of the ASEAN Economic Community by
2015, which is expected to offer more chances for US investors to boost
investment and increase trade in a large and promising market, he said.


In his speech, US Assistant Secretary of State for East
Asian and Pacific Affairs Kurt Campbell reiterated the US policy of
expanding its ties with ASEAN.


Bilateral trade between ASEAN and the US has reached more than 200 billion USD a year.


ASEAN is now the US’s fifth largest trade partner and fourth largest export market./.

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