President Bush Welcomes President Triet
The two presidents discussed measures to advance further relations in a wide range of areas, be it political, economic, trade, investment, education, or training, humanitarian, etc.
They also had a direct and open exchange of views on matters related to religion and human rights, agreed to increase dialogue in order to have a better understanding, and determined not to let those differences afflict the overall, larger interest.
Vietnam signs trade and investment framework agreement (TIFA) with U.S.
WASHINGTON (Reuters)—Vietnamese President Nguyen Minh Triet signed a trade and investment pact with the United States on Thursday and vowed to improve the business climate in the fast-growing Southeast Asian communist state.
Triet, on the first visit to the United States by a postwar Vietnamese head of state, said it was “passe” for Americans to associate his country with conflict when it is now wide open for business.
“We’ll widely open our arms to welcome you,” he said through a translator in a luncheon speech to the U.S. Chamber of Commerce and U.S.-ASEAN Business Council in Washington.
While more than a decade of reforms and entry to the World Trade Organization this year had opened Vietnam’s economy, Triet said, there was still “much to be desired” in the country’s business climate.
President Triet speaks at Asia Society in New York City
President Triet’s visit lauded
President Nguyen Minh Triet’s historic US visit is being lauded as a triumph with the red carpet rolled out for American businesses to enter Vietnam.
President Triet said he had an open and direct exchange of views with Bush, especially on religion and human rights.
“And our approach is that we would increase our dialogue in order to have a better understanding of each other. And we are also determined not to let those differences afflict our overall, larger interest,” said Triet.
President Triet witnessed the signing of many commercial agreements between Vietnamese companies and US and international partners. Notably memorandum of understandings worth more than US$ 1.5 billion between Agribank and Wachovia bank (US$ 700 million), Standard Chartered bank (US$ 500 million), and RZB (US$ 350 million). Contracts worth US$ 341 million were also inked between Vietnamese garment and textile companies and ITG, WB Ross and Paceman on June 19 and more than US$ 5 billion in contracts between Chevron and EVN and PetroVietnam, Microsoft and Agribank, FPT and CMC, Motorola and VNPT and SSA Marine and Vinalines on June 21.