An investment promotion conference themed “My Vietnam- your investment destination” was opened in New York City on July 1.
Thefour-day event is being jointly held by the Ministry of Finance, theState Securities Commission (SSC) and partners from the US with the aimof providing an effective dialogue channel to help US investors gainbetter understanding about Vietnam’s situation and the VietnameseGovernment’s policies and reform resolution.
Theconference also looks to strengthen trust in the Vietnamese market’spotential and contribute to building comprehensive partnership in thefinance sector for common interest of the two countries.
Among participants at the event were Minister of Finance Dinh Tien Dung,Head of the permanent Vietnam delegation to the UN Ambassador NguyenPhuong Nga, and Vice President-Policy of the US-ASEAN Business CouncilMarc Mealy, together with 150 representatives from Vietnamese and USenterprises which include top names such as the Vietnam National Coaland Minerals Industries Group (Vinacomin), the Vietnam National Textileand Garment Group (Vinatex), Citigroup, Blackstone, Warburg Pincus andManulife Financial Group.
Speaking at the conference,Minister of Finance Dinh Tien Dung underscored that this year, whichmarks the 20th anniversary of Vietnam-US ties, brings a golden chance tobolster cooperation between two nations, as they look back at both thegreat strides and shortcomings in bilateral ties.
The conferencecomprises of two sessions, with one dealing with Vietnam’s policies andfeedbacks from US investors, while the other session is devoted todialogues between enterprises and investors.
In thesession on policy dialogue, the Vietnamese government demonstrated itsappreciation and strong commitment to US enterprises and investors.
To date, the US is one of Vietnam’s largesteconomic-trade-investment partners. As of February this year, there were729 US investment projects worth 11 billion USD in Vietnam, putting theUS as the 7th largest foreign investor in the country. The averagecapital amount for each US project is around 15.35 million USD, higherthan the average for all other foreign invested projects, which isstanding at 14.3 million USD for each.
However, indirectinvestment flow from the US remains modest compared to US investors’potential as well as to the Vietnamese market’s capital absorptioncapacity.-VNA
Thefour-day event is being jointly held by the Ministry of Finance, theState Securities Commission (SSC) and partners from the US with the aimof providing an effective dialogue channel to help US investors gainbetter understanding about Vietnam’s situation and the VietnameseGovernment’s policies and reform resolution.
Theconference also looks to strengthen trust in the Vietnamese market’spotential and contribute to building comprehensive partnership in thefinance sector for common interest of the two countries.
Among participants at the event were Minister of Finance Dinh Tien Dung,Head of the permanent Vietnam delegation to the UN Ambassador NguyenPhuong Nga, and Vice President-Policy of the US-ASEAN Business CouncilMarc Mealy, together with 150 representatives from Vietnamese and USenterprises which include top names such as the Vietnam National Coaland Minerals Industries Group (Vinacomin), the Vietnam National Textileand Garment Group (Vinatex), Citigroup, Blackstone, Warburg Pincus andManulife Financial Group.
Speaking at the conference,Minister of Finance Dinh Tien Dung underscored that this year, whichmarks the 20th anniversary of Vietnam-US ties, brings a golden chance tobolster cooperation between two nations, as they look back at both thegreat strides and shortcomings in bilateral ties.
The conferencecomprises of two sessions, with one dealing with Vietnam’s policies andfeedbacks from US investors, while the other session is devoted todialogues between enterprises and investors.
In thesession on policy dialogue, the Vietnamese government demonstrated itsappreciation and strong commitment to US enterprises and investors.
To date, the US is one of Vietnam’s largesteconomic-trade-investment partners. As of February this year, there were729 US investment projects worth 11 billion USD in Vietnam, putting theUS as the 7th largest foreign investor in the country. The averagecapital amount for each US project is around 15.35 million USD, higherthan the average for all other foreign invested projects, which isstanding at 14.3 million USD for each.
However, indirectinvestment flow from the US remains modest compared to US investors’potential as well as to the Vietnamese market’s capital absorptioncapacity.-VNA
