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NEW UPDATES Asean Affairs  28 February 2014  


U.S. Business Praises Vietnam's Economic Reforms

A delegation of senior executives from 33 leading U.S. companies organized by the US-ASEAN Business Council is in Vietnam this week for high level meetings with the Vietnamese government focused on supporting Vietnam’s economic restructuring efforts and encouraging reforms which will make Vietnam an even more attractive destination for business and investment. The delegates will offer ideas for how Vietnam can deepen the involvement of stakeholders and improve its consultative processes, and offer support for Vietnam’s participation in the Trans-Pacific Partnership (TPP). The delegation was led by Nguyen MyLan, Chief Executive Officer, GE Vietnam and Council President Alexander Feldman.

“This visit marks the 20th anniversary of US-Vietnam trade relations,” said Council President Alexander Feldman. “Since 1994, U.S. Vietnam trade has increased 134 fold, and now tops $30 billion annually. This increase is a direct result of the efforts of Vietnam’s government to continually reform its economy and create an investment friendly business environment.
 
The delegation was one of the largest the Council has led in a number of years and reflects the growing interest in Vietnam sparked by the government’s success in growing the economy, significantly lowering inflation and stabilizing its currency. “  Feldman continued, “American business is clearly excited about the ‘game changing’ possibilities that the Trans-Pacific Partnership (TPP) offers and a number of Council members plan to redirect and grow investment in Vietnam once TPP is completed.”
 
“Our business mission has had effective meetings with relevant Ministries and the Government during the last few days and we are impressed with the Government’s continued focus on economic reform.  GE and other U.S companies are here for the long-term and we look forward to continually bringing in our global best practices to support the country’s development.” Said Nguyen MyLan, CEO, GE Vietnam.
 
Companies participating on the delegation include ACE, AES, AIG, Amway, Apple, Boeing, Cargill, the Coca-Cola Company, Covidien, Dow Chemical Company, ExxonMobil, Ford Motor Company, GE, General Motors, Harley Davidson Motor Company, Honeywell, HP, Johnson & Johnson, KPMG, Microsoft, Motorola Solutions, MSD/Merck, P&G, Qualcomm, Raytheon, Seagate, Suntory PepsiCo, 3M, TimeWarner, 21st Century Fox, Underwriters Laboratories, UPS and Visa.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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