VN keen on improving business environment

PM Nguyen Tan Dung welcomes Mr. David M. Cote, member of President Barack Obama’s National Commission on Fiscal Responsibility and Reform, Ha Noi, June 10, 2013 - Photo: VGP

PM Nguyen Tan Dung made the statement during his Monday reception for Mr. David M. Cote, member of President Barack Obama’s National Commission on Fiscal Responsibility and Reform.

The Vietnamese Government chief hoped that US leaders and business community would advocate the Southeast Asian country’s participation in Trans-Pacific Partnership (TPP) negotiations.

Mr. David M. Cote, who is also Chairman and CEO of Honeywell, said he would convey PM Dung’s messages to US leaders and expressed his hope that the Vietnamese Government would create favorable conditions for US businesses to invest in Viet Nam.

Honeywell can trace its roots back to 1885, when an inventor named Albert Butz patented the furnace regulator and alarm. He formed the Butz Thermo-Electric Regulator Co., Minneapolis, on April 23, 1886, and a few weeks later invented a simple, yet ingenious device that he called the "damper flapper."

During Cote's tenure, Honeywell has delivered strong performance in sales growth, earnings per share, segment profit and cash flow.  Today, the company has great positions in good industries globally with approximately 50% of its products and solutions providing energy efficiency benefits.

Honeywell began its operations in Viet Nam since 2005, providing technologies and services for sectors like petroleum, energy, aviation industries to high-grade commercial and hotel complexes.

By Ngoc Van