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Vietnam Investment News

Vietnam Business » Vietnam Investment News » Vietnam Remains Attractive for Foreign Investors

Vietnam Remains Attractive for Foreign Investors

Marantis, who is in Vietnam for an annual meeting of the inter-governmental cooperation council within the Trade and Investment Framework Agreement (TIFA), also disclosed that a mission of 23 S. leading firms have come to Vietnam to boost investment and trade ties.

Vietnam remains a promising destination for foreign investors, including the U.S., thanks to its appealing investment environment, Deputy U.S. Trade Representative Demetrios Marantis said at a press briefing on June 10 in Hanoi.

The U.S. official expected at the briefing that Vietnam will continue facilitating U.S. investors to do business in the country, especially in the energy and infrastructure fields.

The guests, including Bunge, Caterpillar, Chevron, Coca-Cola Company, ConocoPhillips, Dow, ExxonMobil, Ford, General Electric and Microsoff, showed their interested to invest in various projects in Vietnam, particularly infrastructure which is one of the countrys top priorities for economic development, he highlighted.

Marantis said American businesses also want to provide technical training courses to help Vietnam improve its human resource quality for the global integration.

Vietnam and the U.S are boosting negotiations on the Trans-Pacific Strategic Economic Partnership Agreement (TPP) which is expected to facilitate Vietnamese small- and medium-sized enterprises to better integrate into the global economy, boost their exports, and help increase the inflows of U.S. goods in the Asia-Pacific region.

The U.S. companies have to date invested $15.71 billion in 539 projects in Vietnam, ranking the 6th among investors making direct investment in the country.

Vietnam Business And Financial News Network. Source [vccinews.com]

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