The Vietnamese Embassy in the US held a meeting with the Vietnamese Business Association (VBA) to introduce Vietnam’s current policies and its investment environment.

Ambassador to the US Nguyen Quoc Cuong praised the association’s role in helping US businesses to invest in Vietnam and Vietnamese businesses to seek opportunities in the US.

Ambassador Cuong emphasized that the Vietnamese Party and State always encourage Overseas Vietnamese people to invest in their homeland, especially in the fields of education, science and technology and infrastructure development, in order to promote Vietnam-US economic ties.

The VBA spoke highly of Vietnam’s investment environment and encouraging policies for investors. They said political stability has helped investors do business successfully in Vietnam. However, there remain some obstacles, such as weak foreign currency management, poor infrastructure and some cumbersome procedures.

US businessman Andre who is chief representative of Arteron Company, said like many other countries in the world Vietnam is confronted with a number of difficulties arising from the global economic crisis. However, the country is capable of dealing with these difficulties step by step.

Two years after its establishment, the VBA has 125 members across the US./.