Procter&Gamble (P&G), a US consumer goods corporation which has been in Vietnam since 1995 with initial registered capital of 360 million USD, has three factories in the country. (Source: baocongthuong.com.vn) Hanoi (VNA) – The US ranked ninth out of 122 countries and territoriesinvesting in Vietnam as of September 2017, with 835 foreign direct investment(FDI) projects worth 9.39 billion USD.
Economistsforecast that US investment in Vietnam will increase in the near future.
Atthe end of August 2017, Coca-Cola Beverages Vietnam Ltd., which has operated inVietnam for more than 20 years, announced the completion of an expandedinvestment package worth 300 million USD in the Southeast Asian nation from2013-2016, raising the company’s total capital to more than 500 million USD.
CalinDragan, Regional Director of Coca-Cola in Southeast Asia and the Middle East,said the package will serve as a foundation for Coca-Cola to invest deeper inVietnam.
Procter&Gamble(P&G), a US consumer goods corporation which has been in Vietnam since 1995with initial total registered capital of 360 million USD, has three factoriesin the country.
OmarChannawi, P&G Vice President of the Asia-Pacific Region, said at a recentworkshop held by the Vietnamese Ministry of Planning and Investment thatVietnam is one of P&G’s major markets and the corporation plans to investmore in the country.
DuringPrime Minister Nguyen Xuan Phuc’s visit to the US in late May 2017, about 20contracts and agreements were signed by the two countries.
Whilein the US, the Vietnamese leader met with leading US businesses Exxonmobil,Nike, Boeing and MacKinsey, and affirmed that Vietnam welcomes US businesses toinvest in Vietnam.
ManyUS enterprises said they appreciate Vietnam’s investment environment, stressingthat they plan to invest in the country.
JohnHill, US Vice Acting Ambassador to Vietnam, said Vietnam’s investmentenvironment has improved significantly, with the most noteworthy developmentbeing the issuance of the Law on Support for Small and Medium-Sized Enterprises(SMEs), which demonstrates the Government’s commitment to helping SMEs and theeconomic private sector to develop.
Thisis a foundation for Vietnam to attract investment from foreign countries,including the US, he said.
JonathanMoreno, Chairman of the American Chamber of Commerce, said one of US investors’biggest concerns is infrastructure in Vietnam, especially transportinfrastructure, which affects not only traffic but also the transportation ofgoods.
Hesuggested the country improve its infrastructure to lure more investment.-VNA
Economistsforecast that US investment in Vietnam will increase in the near future.
Atthe end of August 2017, Coca-Cola Beverages Vietnam Ltd., which has operated inVietnam for more than 20 years, announced the completion of an expandedinvestment package worth 300 million USD in the Southeast Asian nation from2013-2016, raising the company’s total capital to more than 500 million USD.
CalinDragan, Regional Director of Coca-Cola in Southeast Asia and the Middle East,said the package will serve as a foundation for Coca-Cola to invest deeper inVietnam.
Procter&Gamble(P&G), a US consumer goods corporation which has been in Vietnam since 1995with initial total registered capital of 360 million USD, has three factoriesin the country.
OmarChannawi, P&G Vice President of the Asia-Pacific Region, said at a recentworkshop held by the Vietnamese Ministry of Planning and Investment thatVietnam is one of P&G’s major markets and the corporation plans to investmore in the country.
DuringPrime Minister Nguyen Xuan Phuc’s visit to the US in late May 2017, about 20contracts and agreements were signed by the two countries.
Whilein the US, the Vietnamese leader met with leading US businesses Exxonmobil,Nike, Boeing and MacKinsey, and affirmed that Vietnam welcomes US businesses toinvest in Vietnam.
ManyUS enterprises said they appreciate Vietnam’s investment environment, stressingthat they plan to invest in the country.
JohnHill, US Vice Acting Ambassador to Vietnam, said Vietnam’s investmentenvironment has improved significantly, with the most noteworthy developmentbeing the issuance of the Law on Support for Small and Medium-Sized Enterprises(SMEs), which demonstrates the Government’s commitment to helping SMEs and theeconomic private sector to develop.
Thisis a foundation for Vietnam to attract investment from foreign countries,including the US, he said.
JonathanMoreno, Chairman of the American Chamber of Commerce, said one of US investors’biggest concerns is infrastructure in Vietnam, especially transportinfrastructure, which affects not only traffic but also the transportation ofgoods.
Hesuggested the country improve its infrastructure to lure more investment.-VNA
VNA
