More than 30 Vietnamese investors participated in a seminar in HCM City (Photo courtesy of the US consulate) HCM City (VNA) - More than 30Vietnamese investors participated in a seminar held in Ho Chi Minh City on May3 as part of the US Mission to Vietnam’s ongoing recruitment for the SelectUSAInvestment Summit in Washington, DC in June.
The first “Invest in the US” seminar, coorganisedby the US Consulate General and AmCham HCM City, described the benefits ofinvesting in the US, home to the largest amount of FDI in the world.
Experts from Baker & McKenzie law firmprovided Vietnamese investors with an introduction on the legal and foreignexchange requirements for outbound investment and gave presentations on bestpractices for establishing operations in the US.
One of the benefits of investing in the USis the variety of opportunities that exist across the country’s 52 states andterritories. Representatives from the US states of Idaho, Iowa, andPennsylvania spoke about investment opportunities in their states.
Fred Burke, senior partner from Baker &McKenzie, highlighted how Vietnam’s GDP growth was fueling greater interest ininvesting in the US.
It is often said that investment followstrade, and Vietnam’s trade with the US has grown enormously in recent yearssuch that it is one of Vietnam’s top export markets. It should come as no surprise, therefore,that Vietnamese firms are looking to invest in the US to support their traderelations and take advantage of opportunities there, Burke said.
The Investment Summit promotes the US as apremier investment destination and connects qualified foreign firms with USeconomic development organisations to facilitate business investment and jobcreation.
Last year’s SelectUSA Investment Summithosted by US Secretary of Commerce Wilbur Ross drew the largest crowd yet, withover 3,000 registered participants.
With 28 delegates, Vietnam had the 12th largestdelegation at the summit and the largest delegation from Southeast Asia.-VNA
VNA
