US investment fund to expand operation in Vietnam
The Harbinger Capital Partners LLC of the US plans to expand investment and cooperation in Vietnam.
Prime Minister Nguyen Xuan Phuc (R) receives President of the Harbinger Capital Partners LLC Philip Falcone (Photo: VNA)President of the US investment fund Philip Falcone revealed the plan at a meeting with Prime Minister Nguyen Xuan Phuc in Hanoi on January 12.
He said Harbinger will actively work to encourage US investors to pay more attention to the Southeast Asian market, thus contributing to propelling the two countries’ economic-trade-investment collaboration forward.
He also hoped the Vietnamese government will create the optimal conditions for US businesses, including Harbinger, to make long-term and stable investment in the country.
He informed the host about the progress of the Ho Tram resort and tourism complex project in the southern province of Ba Ria – Vung Tau. The 4.2 billion USD project is considered the biggest foreign-invested one in the field of tourism in Vietnam, which is expected to generate about 4,000 jobs for local labourers.
For his part, Prime Minister Nguyen Xuan Phuc highly valued Harbinger’s investment activities in Vietnam over the past time.
He highlighted Vietnam’s policies to improve the investment environment for foreign investors, including those from the US.
The PM proposed the US investment fund continue expanding investment in Vietnam and serve as a bridge to connect US enterprises with domestic partners.
He urged Harbinger and other US businesses to actively support Vietnam in hosting the 2017 APEC Economic Leaders’ Meeting./.
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