Participants at the workshop (Photo: VNA) Washington DC (VNA) - A delegationfrom Vietnam’s northern province of Vinh Phuc has hosted a workshop inWashington DC, the US, to introduce investment opportunities in the province topotential investors.
The event on September 4, which was held withassistance from the Embassy of Vietnam in the US, and the US Chamber ofCommerce (USCC), attracted nearly 20 corporations and groups.
Vietnamese Ambassador to the US Ha Kim Ngocparticularly thanked Senior Vice President for Asia at the USCC Charles Freemanfor supporting Vietnam and its localities in promoting trade, investment andtrade relations between the two countries as well as among their localities.
The economies of Vietnam and the US aresupplementary, Ngoc said, adding that to maintain high growth, Vietnam needs USgoods and high-tech services such as energy, airplanes, industrial machines,farm produce, financial and digital services.
As the US firms are seeking to diversifyinvestment sectors and markets, Vietnam is willing to be a trade partner of theUS, he said.
He added that as ASEAN Chair 2020, Vietnam standsready to coordinate with the US and countries in the Association of SoutheastAsian Nations (ASEAN) to promote the ASEAN Outlook on the Indo-Pacific and theUS’s Free and Open Indo-Pacific strategy.
Vice Secretary of Vinh Phuc Party Committee andChairman of the provincial People’s Committee Nguyen Van Tri reported thesocio-economic development situation in the province.
As of the end of July 2019, Vinh Phuc was hometo 362 foreign direct investment (FDI) projects from 17 countries andterritories with total registered capital of over 4.8 billion USD, ranking 19out of the 63 cities and provinces in Vietnam in FDI attraction.
At present, Vinh Phuc has two projects worth15.6 million USD invested by the US in processing and manufacturing.
At the workshop, local authorities fieldedquestions from the US businesses about various issues such as incentive policies,investment support, labour, infrastructure, smart city, e-commerce andlogistics.
The same day, the Vinh Phuc investment promotiondelegation coordinated with the Embassy of Vietnam in the US and the US-ASEANBusiness Council (USABC) to host a seminar introducing favourable businessconditions in Vietnam and Vinh Phuc.
Tri called on foreign investors, including thosefrom the US, to invest in automotive engineering, electronic technology,high-tech agriculture, new material, renewable energy, tourism,education-training, health care, environmental treatment, and smart city./.
VNA
