Monday, June 23, 2008

Vietnam to finalize many major US-Vietnam contracts

PM’s visit to US tipped to create windfalls

The US Ambassador to Vietnam Michael Michalak said he expected American and Vietnamese businesses to finalize many major contracts during Prime Minister Nguyen Tan Dung’s visit to the US next week.

Some of the deals signed during the June 23 to 26 visit could have a significant effect on the Vietnamese economy, Michalak told a press conference in Hanoi.

Dung is scheduled to meet President George W. Bush at the White House on June 24.

Michalek said Bush was looking forward to the meeting, adding that the two sides would discuss not only the economic relationship but also other issues, including regional security.

The two countries’ leaders have exchanged several visits in the past four years.

Former Prime Minister Phan Van Khai visited the US in 2005and President Nguyen Minh Triet last year, while Bush visited Vietnam in 2006.

Dung and Bush met once last year at a session of the United Nations Security Council, Michalak said.

He believed Dung’s visit would be successful and would raise the bilateral relationship to a new level.

During his visit, Dung will meet a number of senior officials of the US administration as well as congress leaders.

He will hold talks with Alan Greenspan, former Chairman of the US Federal Reserve, about Vietnam’s high inflation in Vietnam, Michalak said.

Dung will meet the leaders of some major American firms and make a speech at Texas University.

Michalak expected the two countries would also sign some agreements on cooperation in education and science and technology.

Reported by Xuan Danh