Viet Nam remains attractive destination for US investors

Minister of Planning and Investment Nguyen Chi Dung on March 8 had a working session with the US-ASEAN Business Council (USABC) and representatives from 50 US firms operating in Viet Nam.
Minister of Planning and Investment Nguyen Chi Dung (Photo: MPI)
Minister of Planning and Investment Nguyen Chi Dung. (Photo: MPI)

The minister appreciated the council’s efforts in connecting businesses and investors of Viet Nam and the US, as well as its policy proposals and recommendations to improve the business environment in Viet Nam.

He also highly valued the operations of member enterprises of the USABC in Viet Nam over the past years.

Regional Managing Director of the USABC Michael Michalak, who used to serve as the US Ambassador to Viet Nam, affirmed that Viet Nam will remain an attractive destination for US investors in the time ahead.

He said US firms appreciated the Vietnamese government’s efforts in reforming administrative procedures and improving the investment environment, and committed to expanding their operations in the country.

Dung briefed the guests on his ministry’s priorities in 2022, such as stepping up the disbursement of public investment, and the equitisation and divestment of state-owned enterprises, and attracting more private and foreign investments.

The ministry will work to promote potential areas to serve the country’s economic recovery and growth, like digital transformation, green growth, innovation, low-carbon energy, industry support and quality agriculture, he added.

According to the Foreign Investment Agency, as of February 20, 2022, the US ranked 11th among 140 countries and territories investing in Viet Nam, with 1,145 projects worth over 10.3 billion USD. Meanwhile, Viet Nam had 208 projects valued at 1.06 billion USD in the US.

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(Source: VNA)