During the April 9-11 trip, Minister Vo Hong Phuc, accompanied by Government officials and entrepreneurs, will launch promotional activities in New York, Houston Texas, and Washington D.C.
His agenda started with a meeting with the Vietnam Partners group and representatives of several US giants, including Morgan Stanley and Raytheon, at the headquarters of the Vietnam representative mission to the UN in New York on April 10.
The meeting was followed by his participation in the Vietnam Investment Forum at the headquarters of the Asia Society where the minister took the floor to provide a brief on Vietnam’s investment environment.
Vietnam encourages foreign investment in the manufacturing and hi-tech industries, material production, energy, infrastructure, property development and financial and banking services, Minister Phuc told American businesspeople.
He outlined the Vietnamese Government’s programmes to promote investment, with the focus on making laws adhere to the World Trade Organisation standards, bettering infrastructure and developing the human resources.
Vietnam has drawn in 98 billion USD in foreign investment to date, of which 21 billion USD was committed in 2007, Minister Phuc said. Foreign investment is currently accounting for 25 to 30 percent of the nation’s total investment.
American investors welcomed improvements in the investment environment in Vietnam, Minister Phuc told the Vietnam News Agency on the sidelines of the forum.
He said the investors valued the country’s socio-political stability, legal reform and young workforce as competitive factors when considering investments in Southeast Asia.
While in New York, Minister Vo Hong Phuc also met with several prominent businesspeople, notably billionaire Wilbur Ross.-Enditem
(Source: vnagency.com.vn)