THE SOCIALIST REPUBLIC OF VIET NAM
Government News
US-ASEAN Business Council opens office in Hà Nội
VNGOP – The US-ASEAN Business Council on November 2 inaugurated its office in Hà Nội.
November 05, 2007 7:11 AM GMT+7
With a membership of around 120, most of whom represent America’s Fortune 100, the Council represents a broad, dynamic, and highly influential segment of American business.
About one-fourth of the Council’s member companies are operating in Việt Nam and the number is expected to rise considerably as others are repositioning their business strategies towards the country, according to the Council’s press release.
Earlier in a meeting with Vietnamese Deputy PM Hoàng Trung Hải on November 1, US-ASEAN Business Council President Matthew P. Daley said that the US will become the largest foreign investor in Việt Nam.
Daley also pledged to reach the goal in just one or two years if the Vietnamese Government speeds up investment climate reforms.
Việt Nam and the US have enjoyed a surge in investment and commerce in recent years. 2007 two-way trade turnover is estimated at US $13 billion while US investment has surpassed the US $5 billion mark, making it the sixth largest investor in Việt Nam.
About one-fourth of the Council’s member companies are operating in Việt Nam and the number is expected to rise considerably as others are repositioning their business strategies towards the country, according to the Council’s press release.
Earlier in a meeting with Vietnamese Deputy PM Hoàng Trung Hải on November 1, US-ASEAN Business Council President Matthew P. Daley said that the US will become the largest foreign investor in Việt Nam.
Daley also pledged to reach the goal in just one or two years if the Vietnamese Government speeds up investment climate reforms.
Việt Nam and the US have enjoyed a surge in investment and commerce in recent years. 2007 two-way trade turnover is estimated at US $13 billion while US investment has surpassed the US $5 billion mark, making it the sixth largest investor in Việt Nam.
(Source: VNA)