Greater US Investment to Flow into Vietnam: US Ambassador

Vietnam will receive a stronger inflow of investment from US in the coming time, especially in the areas of energy, minerals and seaports development, said outgoing US Ambassador Michael W. Marine.

 

The Vietnam-US framework agreement on trade and investment countries will help promote trade relations, the US diplomat said at his meeting with the media on August 9 before leaving the country at the end of his three-year term.

 

M.W. Marine, scheduled to leave Vietnam August 14, also shared his three-year experience in Vietnam, noting the relationship between the two countries as “full of change and positive growth.”

 

The US is a big potential investor of Vietnam, said Phan Huu Thang, head of Investment Foreign Investment Department under the Ministry of Planning and Investment (MPI), adding that Vietnam now targets to attract investment from the US’s transnational groups to produce high-quality goods for export and build research centers to serve Vietnam’s human resource training.

 

As of late July this year, the US has had 345 investment projects with total registered capital of $2.42 billion in Vietnam, ranking eighth among nearly 80 countries and territories in the world investing in Vietnam, according to the MPI. (VNS, Life & Law)