INSIGHTS
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, economic experts say. Early this year, the US-ASEAN Business Council organised a fact-finding tour of Vietnam for nearly 80 managers fr
US firms ratchet up investment
Date: 2014/08/12
Source: The Voice of Vietnam
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, economic experts say.
Early this year, the US-ASEAN Business Council organised a fact-finding tour of Vietnam for nearly 80 managers from 33 of the US leading international companies.
A month later, the Trade Development Alliance of Greater Seattle sent more than 20 foreign trade representatives from international giants like Microsoft, Boeing, Virginia Manson Medical Centre, Global Reach K.K, Washington University, on fact finding tours to Vietnam.
In early June, a US business delegation led by US Secretary of Commerce Penny Pritzker visited Vietnam. Secretary Pritzker was clearly on a mission to convey the message that Vietnam is an important trade partner of the US.
Pritzker explicitly said many US firms are interested in starting new businesses or expanding their current operations in the country.
Ministry of Planning and Investment (MoIP)'s Foreign Investment Agency Director Do Nhat Hoang spoke about a renewed investment inflow into the nation coming from US international companies.