US businesses to expand investment in Vietnam

(VOVWORLD) - Minister of Planning and Investment Nguyen Chi Dung has voiced his hope that US enterprises will become the biggest investor in Vietnam to seize every cooperation opportunity in the countries’ development process on the basis of equality, mutual respect, and mutual benefits.
US businesses to expand investment in Vietnam - ảnh 1Minister of Planning and Investment Nguyen Chi Dung (second from left) addresses the meeting with the USABC delegation. (Photo: VNA)

He made the remark at a meeting with a business delegation of the US - ASEAN Business Council (USABC) in Hanoi on Tuesday.

Highlighting the two countries’ comprehensive and fruitful relations, Minister Dung said the US is currently the second largest trading partner and one of the leading export markets of Vietnam. It is also an important ODA provider and the 11th biggest among the 142 countries and territories investing in the Southeast Asian nation.

Vietnam highly values the fruitful investment and business activities of US investors and hopes they will maintain their trust and expand investment, trade, and development cooperation in the country, he noted.
He urged the two countries to boost cooperation in green growth, digital economy, science - technology development, and innovation, adding that Vietnam encourages and prioritizes quality and focus-driven foreign direct investment.
US businesses to expand investment in Vietnam - ảnh 2USABC President and CEO Ted Osius (second from right) speaks at the meeting on March 21. (Photo: VNA)
USABC President and CEO Ted Osius, who is a former US Ambassador to Vietnam, said US firms strongly believe in Vietnam’s growth prospects and always want to seek business and investment cooperation chances in the country.
He said many business delegations of the USABC have come to Vietnam in the past, but this time, there are up to 50 firms, including major ones like Boeing, Coca-Cola, CitiBank, Meta, SpaceX, Netflix, Abbott, and AES, operating in various sectors, which once again demonstrates US enterprises and investors’ interest in Vietnam.
At the meeting, representatives of US enterprises expressed the intention of setting up or expanding investment and business activities in Vietnam.
Minister Dung said Vietnam always hopes to attract investment from the US, and that US businesses’ contributions to bilateral investment and trade ties are considerable, via not only economic partnerships but also policy opinions and proposals about investment climate improvement and policy and law perfection submitted to the Vietnamese Government.