Vietnam Seeks More Investment from Texas
Vietnam has called on companies from the U.S. and its state of Texas to expand business and investment activities in the country, the Vietnam News Agency said, citing a local diplomat.
Le Dung, Vietnamese Consul General in Houston, made the call at a meeting in Texas on November 19 with over 70 U.S. businesses, including ExxonMobil, Chevron and EVA Airlines.
Dung added that Vietnam with the second largest population in Southeast Asia is seen as a gateway to the Asean bloc and bordering the big market of China.
The Southeast Asian nation is encouraging foreign investors in the areas of high technology, supporting industries, infrastructure and human resource development, agricultural product processing and energy.
Meanwhile, representatives from Texas firms said they wanted to increase investments in Vietnam.
Chairman of the Port of Houston Authority Jim Edmonds said the port, which handles the largest volume of foreign cargo in the U.S., is willing to serve goods imported from Vietnam.
Texas is now home to the third largest Vietnamese community in the U.S. (VNA)
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