A delegation of 23 U.S. leading corporations arrived in Vietnam May 4 to seek business opportunities in the fast-growing market, the Vietnam News Agency reported May 5.
Vu Tu Thanh, a representative of the U.S.-ASEAN Business Council (USABC) in Vietnam said, most of the delegation members are companies with each owning a capital of over US$1 billion.
The U.S. guests include firms doing business in agriculture, infrastructure, energy, transport, aviation, finance, pharmaceuticals, express courier services, human resources and IT, Thanh said.
The tour, headed by USABC chairman Matthew P. Daley, comprises big names such as General Electric Company, AES, Boeing, Chevron and ConocoPhilips, Monsanto, Hrrah’s, Qualcomm and UPS.
As scheduled, the mission will meet Vietnamese Party and Government leaders and ministries from May 5-7.
It is also to join the opening session of the National Assembly, which begins May 6.
In the first four months of this year, the U.S. ranked second among more than 80 foreign countries and territories directly investing in Vietnam with a total investment capital of US$1.3 billion, just behind the British Virgin Islands.
According to the Ministry of Industry and Trade, up to 65 per cent of U.S. investments into Vietnam have been to date injected into the industrial and construction sectors, only 25 per cent for the service sector.
The investment trend is forecast to shift to services in the near future, focusing on telecom, finance and banking, the ministry said. (VNS, Investment)
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