Catherine Mellor, Director Asia of the US Chamber of Commerce, saidVietnam is a "hot market" that US companies should boost investmentand trade activities.
Mellor, speaker of the Vietnam BusinessSeminar which was held in Baltimore of Maryland state on July 14,assured Vietnam News Agency's US-based reporter of US companies'appreciation of Vietnam, which, she said, is a fast growing countryhaving hard-working, smart working people and the government committedto facilitating trade development with the US.
At the VietnamBusiness Seminar, which was sponsored by the US Chamber of Commerce andthe Vietnam Chamber of Commerce and Industry (VCCI) and attended byabout 40 US executives and nearly 30 VCCI member companies, Alexander W.Koff, Chairman of Whiteford, Taylor & Preston, LLP., said: "Vietnamis one of the fastest growing economies in Southeast Asia and isquickly becoming the place for American companies to invest."
TheUS law firm chairman called on U.S. companies to enter Vietnambecause " Vietnam has a young, educated population that speaksEnglish. It has a stable political system." He reaffirmed that Vietnamis a "dynamic place". He added that since the normalisation ofdiplomatic relations between the two countries in 1995, the US hasbecome one of Vietnam 's biggest foreign investors and two-way tradewith Vietnam recorded high increases.
Also at the seminar,Bill Burwell, a trade specialist at the U.S. Department of Commerce,highlighted Vietnam 's achievements in 2010, including becoming fullmember of Asia-Pacific Economic Partnership (TPP) negotiations; GDP percapita going from 189 USD in 1993 to 1,113 USD in 2010 and poverty ratefalling from 58 percent in 1993 to 10.6 percent in 2010.
Accordingto the specialist, US companies should boost investment and tradeactivities in Vietnam in various areas, including power generation,telecommunications equipment and services, oil and gas machinery andservices, airport ground support equipment, environment and pollutioncontrol equipment and services, medical equipment, education andtraining, architecture and construction and engineering.
The USspecialist recommended US companies to do business in Vietnamespecially in the coming time as the Department of Commerce has listedVietnam as one of six next-tier markets under the national exportstrategy along with Indonesia , South Africa , Saudi Arabica, Turkeyand Colombia .
Talking with US and Vietnamese businessmenattending the Vietnam Business Seminar, Vietnam's Ambassador to the U.S.Nguyen Quoc Cuong reaffirmed Vietnam's facilitation of FDI for USinvestors by continuing to improve the macroeconomic situation,reviewing and adjusting investment and business related policies inorder to comply with WTO commitments, and strengthening Vietnam's FDIpromotion activities in the US./.
Mellor, speaker of the Vietnam BusinessSeminar which was held in Baltimore of Maryland state on July 14,assured Vietnam News Agency's US-based reporter of US companies'appreciation of Vietnam, which, she said, is a fast growing countryhaving hard-working, smart working people and the government committedto facilitating trade development with the US.
At the VietnamBusiness Seminar, which was sponsored by the US Chamber of Commerce andthe Vietnam Chamber of Commerce and Industry (VCCI) and attended byabout 40 US executives and nearly 30 VCCI member companies, Alexander W.Koff, Chairman of Whiteford, Taylor & Preston, LLP., said: "Vietnamis one of the fastest growing economies in Southeast Asia and isquickly becoming the place for American companies to invest."
TheUS law firm chairman called on U.S. companies to enter Vietnambecause " Vietnam has a young, educated population that speaksEnglish. It has a stable political system." He reaffirmed that Vietnamis a "dynamic place". He added that since the normalisation ofdiplomatic relations between the two countries in 1995, the US hasbecome one of Vietnam 's biggest foreign investors and two-way tradewith Vietnam recorded high increases.
Also at the seminar,Bill Burwell, a trade specialist at the U.S. Department of Commerce,highlighted Vietnam 's achievements in 2010, including becoming fullmember of Asia-Pacific Economic Partnership (TPP) negotiations; GDP percapita going from 189 USD in 1993 to 1,113 USD in 2010 and poverty ratefalling from 58 percent in 1993 to 10.6 percent in 2010.
Accordingto the specialist, US companies should boost investment and tradeactivities in Vietnam in various areas, including power generation,telecommunications equipment and services, oil and gas machinery andservices, airport ground support equipment, environment and pollutioncontrol equipment and services, medical equipment, education andtraining, architecture and construction and engineering.
The USspecialist recommended US companies to do business in Vietnamespecially in the coming time as the Department of Commerce has listedVietnam as one of six next-tier markets under the national exportstrategy along with Indonesia , South Africa , Saudi Arabica, Turkeyand Colombia .
Talking with US and Vietnamese businessmenattending the Vietnam Business Seminar, Vietnam's Ambassador to the U.S.Nguyen Quoc Cuong reaffirmed Vietnam's facilitation of FDI for USinvestors by continuing to improve the macroeconomic situation,reviewing and adjusting investment and business related policies inorder to comply with WTO commitments, and strengthening Vietnam's FDIpromotion activities in the US./.
