U.S. Businesses to Raise Investment in Vietnam
Leaders of 22 top U.S. corporations said they want to increase their investment in Vietnam to make the U.S. the number one investor in the country at a meeting with Prime Minster Nguyen Tan Dung May 6.
They are especially keen on investing in projects of infrastructure, oil and gas sector, energy, hi-tech and education in the Southeast Asian country, which are also their strength areas, the Labor newspaper said.
During the meeting with the U.S. guests, PM Dung pledged that Vietnam will create favorable conditions for them to carry out their long-term investment in Vietnam.
The Vietnamese government leader hailed the role of the U.S.-ASEAN Business for its contributions to promoting bilateral ties between Vietnam and the U.S.
He expected that two governments will early ink an investment frame agreement to facilitate U.S. companies’ activities in Vietnam and also called on the U.S. Government for its import tariff tax priorities for Vietnamese firms.
The U.S. mission include companies working in industry, finance, telecommunications and healthcare such as Boeing, Chevron, Conoco Phillips, Exxon Mobil, Ford, IBM, Time Warner and General Electric.
The U.S. now ranks sixth among countries and territories investing in Vietnam with US$5 billion and also the country’s biggest trading partner, according to Vietnam News Agency.
The two-way trade turnover reached US$13 billion last year and this was expected to climb to US$15 billion-US$16 billion this year. (Labor, VNS)
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