Business

Hanoi courts US investment

The capital city will create the best possible conditions for the US investors to launch their projects in the locality, Nguyen Duc Chung, Chairman of the municipal People's Committee, said.
Hanoi courts US investment ảnh 1Nguyen Duc Chung, chairman of the municipal People's Committee speaks at the event. (Photo:) zing.vn


Hanoi (VNA) – The capital city will create the best possible conditions for the US investors to launch their projects in the locality, Nguyen Duc Chung, Chairman of the municipal People's Committee, said.

During a meeting on March 23 with more than 50 American businesses, Chung said, the city always regarded the United States as one of the most reliable trade and investment partners. However, the bilateral relationship has failed to match each other's potential.

Chung called on US companies to make further investments in a wide range of sectors including banking and finance, software development, electronics, and IT, in addition to support industries and environment protection.

Deputy Minister of Foreign Affairs Le Hoai Trung said it was the right time for two business communities to expand their cooperation. Trung added that enterprises from the two nations could supplement each other, especially Vietnamese firms who desired to receive funding and update hi-end technologies from their US counterparts that could help them gradually penetrate the global value chain.

He emphasised the importance of organising such events to facilitate bilateral cooperation between the businesses of the two nations.

Vietnam was expected by the US firms to perfect the infrastructure and improve the quality of human resources, the US Ambassador to Vietnam, Ted Osius, said at the event.

US investments in Vietnam were expected to rapidly increase due to Vietnam's potential for consumption and new business opportunities, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA).

The FIA said that many US corporations saw Vietnam as a strategic market with long-term benefits, pointing out that low labour costs was a key factor in attracting investments.

Only in 11 months last year, US businesses pumped more than 226 million USD in investments into Vietnam, ranking 14th among 57 foreign investors in the country, bizlive quoted the Ministry of Planning and Investment's statistics as saying.-VNA

VNA
#US investment #capital #American businesses #bilateral relationship Ha Noi United States
Follow VietnamPlus

Related News

See more

Vietjet Air’s Airbus A330 taxis at Vaclav Havel Airport in Prague, the Czech Republic. (Photo: VNA)

Vietnam’s airlines expand international networks

The Civil Aviation Authority of Vietnam forecasts that the country’s aviation market will handle 94 million passengers and more than 1.6 million tonnes of cargo in 2026, up 13% and 9.3%, respectively, from 2025.

A representative of Sumika Electronic Materials Vietnam (VSIP Bac Ninh Industrial Park, Tu Son Ward) briefs the delegation from Customs Sub-department Region V on the company's operations. (Photo: báo bắc ninh)

Bac Ninh customs facilitates clearance to boost exports

Pham Chi Thanh, head of Customs Sub-Department Region V, said the unit is focusing resources on developing a digital customs model and streamlining professional procedures to shorten clearance times and reduce costs for businesses while maintaining effective state management.

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.

Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang speaks at the forum (Photo: VNA)

Vietnam, Georgia look to more business opportunities

For Vietnamese firms, Georgia can serve as a gateway to broader regional markets, given its strategic location connecting the South Caucasus, Central Asia and China with European markets via the Black Sea.

Chairman of the Vietnamese Business Association in Laos (AVILA) Duong Dinh Bang (Photo: VNA)

PM’s visit injects fresh momentum into Vietnam-Laos special relations

At the 2026 Laos-Vietnam Investment Promotion Conference in Vientiane, the two PMs held direct dialogue with businesses and investors from both countries, affirming their determination to address bottlenecks in institutional frameworks, administrative procedures, transport infrastructure and payment connectivity. The goal of these efforts is to boost bilateral trade to 10 billion USD by 2030.

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi speaks at the dialogue (Photo: baoangiang.com)

Phu Quoc moves to resolve infrastructure bottlenecks ahead of APEC 2027

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi said an official information portal will be launched to receive public feedback, while hotlines for local leaders will allow businesses and residents to raise concerns directly.

Deputy Minister of Industry and Trade Phan Thi Thang at the forum. (Photo: VNA)

Vietnamese firms explore investment opportunities in Georgia

Priority areas with great cooperation potential include manufacturing, logistics infrastructure, renewable energy, tourism, hospitality, information and communications technology (ICT), and business process outsourcing (BPO), said a Georgian official.