Vietnam's attractive business environment facilitates more US investments
Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy.
Representatives from US leading companies such as Google, AIG, Asia Pacific, VISA considered growing attractiveness of Vietnam’s business environment an important factor that facilitates more investments into Vietnam.
Minister and Head of the Government Office Mai Tien Dung (r) and President of the Asia Group Kurt Campbell. Source: VGP.
|
Campbell said Asia Group and other US companies want to know more about Vietnam’s investment environment and policies, as well as the country’s development strategy.
Representative of VISA highly regarded Vietnam’s effort in promoting e-payment, adding the company would continue to work with local companies in realizing this vision.
At the conference, Minister Dung said Vietnam’s GDP growth reached a 10-year high of 7.08% in 2018, while the government fulfilled 12 economic development goals, of which nine exceeded the targets.
According to Dung, the US – Vietnam relationship has progressed comprehensively over the past few years. Evidently, the bilateral trade turnover has maintained steady growth, reaching US$60.28 billion in 2018, up 18% year-on-year.
Additionally, Vietnam has created favorable conditions for US enterprises doing businesses in Vietnam, including the renewal of investment license for the US$4.2-billion Ho Tram casino resort project with the joining of equity firm Warburg Pincus. The government has also approved the participation of AES Corporation in Son My LNG terminal project in the central province of Binh Thuan.
In the time to come, the Vietnamese government would focus on three major directions, Dung added.
Firstly, it will focus on improving efficiency of legal framework and state governance, stabilizing macro-economy in a sustainable manner.
Secondly, the government will develop a digital economy with the focus on priority sectors, including high-tech agriculture, tourism, logistics and supporting industries, among others.
Thirdly, it will keep reforming tax policies for greater economic competitiveness, aiming for transparency, fairness and efficiency.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years