Prime Minister Nguyen Xuan Phuc (R) receives President of the Harbinger Capital Partners LLC Philip Falcone (Photo: VNA)
Hanoi (VNA) – The Harbinger CapitalPartners LLC of the US plans to expand investment and cooperation in Vietnam.
President of the US investment fund PhilipFalcone revealed the plan at a meeting with Prime Minister Nguyen Xuan Phuc inHanoi on January 12.
He said Harbinger will actively work to encourageUS investors to pay more attention to the Southeast Asian market, thuscontributing to propelling the two countries’ economic-trade-investmentcollaboration forward.
He also hoped the Vietnamese government willcreate the optimal conditions for US businesses, including Harbinger, to makelong-term and stable investment in the country.
He informed the host about the progress of the HoTram resort and tourism complex project in the southern province of Ba Ria –Vung Tau. The 4.2 billion USD project is considered the biggestforeign-invested one in the field of tourism in Vietnam, which is expected togenerate about 4,000 jobs for local labourers.
For his part, Prime Minister Nguyen Xuan Phuchighly valued Harbinger’s investment activities in Vietnam over the past time.
He highlighted Vietnam’s policies to improve theinvestment environment for foreign investors, including those from the US.
The PM proposed the US investment fund continueexpanding investment in Vietnam and serve as a bridge to connect US enterpriseswith domestic partners.
He urged Harbinger and other US businesses to activelysupport Vietnam in hosting the 2017 APEC Economic Leaders’ Meeting./.
The number of foreign trade representative visits to Vietnam during the first half of the year are an auspicious sign US investment in the country is not about to wane anytime soon, radio The Voice of Vietnam (VOV) reported, citing comments from economic experts.
Vietnam always creates favourable conditions for foreign enterprises and investment funds to invest in Vietnam, Deputy Prime Minister Vu Van Ninh said in a meeting with President of Harbinger Capital Philip Falcone on October 17 in Hanoi.
US enterprises have invested in 17 out of 21 industries in Vietnam with the majority in the accommodation and food service industry, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Economic and trade partnerships remain a focus of and a momentum for Vietnam-US relations, National Assembly (NA) Vice Chairman Phung Quoc Hien told representatives of the US-ASEAN Business Council.
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Prime Minister Nguyen Xuan Phuc (R) receives President of the Harbinger Capital Partners LLC Philip Falcone (Photo: VNA)
