US businesses operating in Vietnam and their Vietnamese partners metin the southern province of Dong Nai on November 12 to seekinvestment collaboration opportunities.
The meeting wasjointly held by the Ministry of Industry and Trade, the provincialPeople’s Committee and the US Consulate General in Ho Chi Minh City .
Nguyen Chi Mai from the ministry’s VietnamCompetition Authority said that the Vietnamese Government always esteemsUS investors, reflected by its efforts to promote cooperation andfacilitate US investment attraction.
As many as 25 leadingUS groups, which are in Top Fortune 500, have visited Vietnam to seekinvestment opportunities and many of them have decided to pour cash intothe country, including Intel, Starwood Hotels & Resorts, Citigroup,American Group and Pepsi-Cola.
According toVice Chairman of the Dong Nai provincial People’s Committee Nguyen PhuCuong, major US groups and companies’ investment as well as positiveassessments of Vietnam’s business environment, potential and advantageshave not only helped the country approach huge capital, advancedmanagement experience and technology from the US, but also encouragedenterprises in other nations to invest in Vietnam.
Representatives from the Ministry of Industry and Trade, theprovincial People’s Committee and the US Consulate General also answeredbusinesses’ queries relating to the import and export of goods from andto the US market.
Vietnamese enterprisesexpect the US to soon recognise Vietnam as a market economy, sothat they can avoid damages caused by anti-subsidy and anti-dumpingcases and take full advantage of US incentives on tariffs, they said.
The US now ranks seventh out of the 101countries and territories investing in Vietnam , with 703 validprojects worth over 10.7 billion USD, mainly in the fields of services,industry, construction and real estate.
Meanwhile, Vietnamese investors are running 141 projects in the US with a combined capital of over 414 million USD.-VNA
The meeting wasjointly held by the Ministry of Industry and Trade, the provincialPeople’s Committee and the US Consulate General in Ho Chi Minh City .
Nguyen Chi Mai from the ministry’s VietnamCompetition Authority said that the Vietnamese Government always esteemsUS investors, reflected by its efforts to promote cooperation andfacilitate US investment attraction.
As many as 25 leadingUS groups, which are in Top Fortune 500, have visited Vietnam to seekinvestment opportunities and many of them have decided to pour cash intothe country, including Intel, Starwood Hotels & Resorts, Citigroup,American Group and Pepsi-Cola.
According toVice Chairman of the Dong Nai provincial People’s Committee Nguyen PhuCuong, major US groups and companies’ investment as well as positiveassessments of Vietnam’s business environment, potential and advantageshave not only helped the country approach huge capital, advancedmanagement experience and technology from the US, but also encouragedenterprises in other nations to invest in Vietnam.
Representatives from the Ministry of Industry and Trade, theprovincial People’s Committee and the US Consulate General also answeredbusinesses’ queries relating to the import and export of goods from andto the US market.
Vietnamese enterprisesexpect the US to soon recognise Vietnam as a market economy, sothat they can avoid damages caused by anti-subsidy and anti-dumpingcases and take full advantage of US incentives on tariffs, they said.
The US now ranks seventh out of the 101countries and territories investing in Vietnam , with 703 validprojects worth over 10.7 billion USD, mainly in the fields of services,industry, construction and real estate.
Meanwhile, Vietnamese investors are running 141 projects in the US with a combined capital of over 414 million USD.-VNA
