81% of US enterprises in Singapore hopes to expand investment in Vietnam
According to the US Ambassador to Singapore Kirk Wagar, 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region.
Deputy Prime Minister (PM) Nguyen Xuan Phuc received a US business delegation led by US Ambassador to Singapore Kirk Wagar during his working visit to Vietnam in Hanoi on September 9.
At the reception, Deputy PM Phuc said, in recent years, Vietnam's economy has gained a lot of achievements, such as the national stable macro-economy, sustainable GDP growth at the average of 5.8% year on year in the continuous five years.
Highlighting the robust growth of Vietnam – US trade, the Deputy PM said the effective implementation of US-invested projects has contributed to Vietnam’s overall socio-economic development.
The Vietnam – US trade turnover reached 36 billion USD in 2014 and in the first eight months of 2015 gained 22 billion USD.
The US is currently the seventh biggest foreign investor in Vietnam with 700 projects valued at approximately 11 billion USD.
Deputy PM Phuc believed that the future Trans - Pacific Partnership, which both Vietnam and the US are members, is expected to expand greater trade opportunities between the two countries.
During the meeting, Ambassador Wagar said that his delegation visit aims to gain insight of the Vietnamese market and promote the operation of US businesses in Vietnam.
Vietnam is considered to be the most attractive destination in investing in the ASEAN region and a potential market for exports and processing, the Ambassador added.
Ambassador Wagar stressed that 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region, adding that the country’s commitment to improve business climate will attract more US investment.
At the meeting
|
Highlighting the robust growth of Vietnam – US trade, the Deputy PM said the effective implementation of US-invested projects has contributed to Vietnam’s overall socio-economic development.
The Vietnam – US trade turnover reached 36 billion USD in 2014 and in the first eight months of 2015 gained 22 billion USD.
The US is currently the seventh biggest foreign investor in Vietnam with 700 projects valued at approximately 11 billion USD.
Deputy PM Phuc believed that the future Trans - Pacific Partnership, which both Vietnam and the US are members, is expected to expand greater trade opportunities between the two countries.
During the meeting, Ambassador Wagar said that his delegation visit aims to gain insight of the Vietnamese market and promote the operation of US businesses in Vietnam.
Vietnam is considered to be the most attractive destination in investing in the ASEAN region and a potential market for exports and processing, the Ambassador added.
Ambassador Wagar stressed that 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region, adding that the country’s commitment to improve business climate will attract more US investment.
15:12, 2024/11/14
North-South high-speed railway to open up new economic opportunities
The government proposes a design speed of 350 km/h for the railway to ensure a modern, integrated, and forward-looking infrastructure appropriate to Vietnam’s geographical and economic conditions.
17:25, 2024/11/07
Prime Minister calls on China to pilot border economic cooperation zone
This economic cooperation zone is an initiative proposed by China and has been under negotiation with several countries, including Vietnam, since 2007.
17:29, 2024/07/23
State-owned corporations set to pilot offshore wind power projects
Private and foreign investors are currently not being considered for pilot projects due to unresolved legal and security issues.
06:12, 2024/07/17
AIIB ready to fund Hanoi’s urban railway projects
Hanoi expects the AIIB to assist with planning, implementation methods, and financing strategies to rapidly deploy metro projects.
15:33, 2024/07/02
S.Korea’s industrial conglomerates to expand investment activities in Vietnam
Prime Minister Pham Minh Chinh welcomed the proposals, which are consistent with Vietnam’s green growth strategy.
11:29, 2024/05/08
Intel boosts Vietnam’s semiconductor workforce for ambitious goals
Kim Huat Ooi, Vice President of Manufacturing, Supply Chain and Operations and General Manager of Intel Products Vietnam, spoke to The Hanoi Times about Vietnam's semiconductor ambitions and Intel's contribution to making the country a global manufacturing and R&D hub.
- Vietnam among top investment destinations for SEA investors
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
- Vietnam: Leading destination for sustainable investment
- Vietnam targets to draw investment in hi-tech industries: Prime Minister