US Ambassador to Vietnam Marc E. Knapper speaks at the conference to begin registration for the SelectUSA Investment Summit 2024. (Photo: VNA) US Ambassador to Vietnam Marc E. Knapper highlighted the growingimportance of US-Vietnam ties, especially since the two countries upgraded thebilateral relations from a Comprehensive Partnership to a ComprehensiveStrategic Partnership in September last year.
He said the SelectUSA Investment Summit 2024 remained the largestevent to promote foreign direct investment in the US and a celebration ofsuccessfully connecting international companies, US economic developmentorganisations and industry experts.
Knapper said since the first time a Vietnamese delegation joinedthe summit in 2016, Vietnamese businesses have invested hundreds of millions ofdollars in the US economy.
He encouraged Vietnamese businesses to join more than 2,300international participants coming from 83 international markets at this year'sevent to explore investment and cooperation opportunities in key industriesincluding energy, automotive, healthcare and financial services, among others.Participants will have opportunities to meet with representatives fromGovernors’ and Mayors’ economic development teams across the US.
The ambassador highlighted SelectUSA Tech, an important part ofthe SelectUSA Program, that provides support to tech startups, that aredeveloping innovative tech products and services and planning to expand to theUS market within the next two or three years.
Stephen Green, Counselor for Commercial Affairs at the US Embassyin Hanoi said: “The United States is the largest consumer market in the worldand a great choice for any Vietnamese company looking to go global.
“In four days at the SelectUSA Investment Summit, companies canefficiently make the connections and gather the information they need to startthe process of growing in the United States – everything you need to know, allin one single location. Last year, Mission Vietnam led 30 delegatesseeking business opportunities in the United States to the InvestmentSummit."
Speaking at the conference, Tran Manh Hung from Baker McKenzie,said Vietnamese businesses that are interested in investing in the US must pay specialattention to the country’s complex regulations, especially in areas related tointellectual property and personal data.
SelectUSA is the US government programme led by the US Departmentof Commerce that focuses on facilitating job-creating business investment inthe US and raising awareness of the critical role that economic developmentplays in the US economy. Since its inception, SelectUSA has facilitated morethan 200 billion USD in investment, creating over 200,000 US jobs./.
VNA
