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Vietnamese businesses interested in learning about investing in the US market

Báo điện tử VOVBáo điện tử VOV26/06/2024


The seminar was attended by Ms. Pamela Phan, Deputy Assistant Secretary of Commerce of the United States, Mr. Marc Knapper, US Ambassador to Vietnam, and representatives from the Department of State , Department of Commerce, US Embassy in Hanoi, US Consulate General in Ho Chi Minh City, associations, US businesses and the Vietnamese business community in the US.

Speaking at the seminar, Ambassador Nguyen Quoc Dung assessed that Vietnam's participation in the Select USA event for the first time with a large number of enterprises reaching more than 70 shows the remarkable development of the relationship between the two countries, reflecting Vietnam's development and international integration, as well as demonstrating the desire of Vietnamese enterprises to reach out to the international market.

Deputy Assistant Secretary of Commerce Pamela Phan affirmed that the US government will support and facilitate Vietnamese enterprises when investing and doing business in the US.

Meanwhile, US Ambassador to Vietnam Marc Knapper said that the two countries' upgrading to a comprehensive strategic partnership has created more favorable conditions for economic and trade relations. The US Ambassador also encouraged Vietnamese businesses to invest in the US and benefit from investment incentive programs such as Select USA and other programs.

“Last year, Vietnam was the ninth largest trading partner of the United States with two-way trade of nearly $124 billion. The United States is Vietnam's second largest trading partner and largest export market. Trade and investment relations have been, are and will continue to be an important link between the two economies and will continue to grow in the future. Therefore, we believe that investing in the United States is one of the best decisions for Vietnamese companies. In the context of Vietnam's economy continuing to grow and expand, Vietnamese companies need to look for new markets and the United States is a good choice as it is the largest export market and one of Vietnam's best partners in the world," said US Ambassador to Vietnam Marc Knapper.

This is the first time Vietnam has had such a large number of businesses attending the Forum to attract investment to the US, and this is a place for them to seek investment opportunities as well as find new partners.

Mr. Do Tri Tuan - Deputy General Director of Dai Dung Steel Structure Joint Stock Company in the Central region, shared: "Our goal is to strengthen the relationship with existing partners and new customers. This is also an opportunity for us to learn more about the US market so that one day Dai Dung can directly invest in the US market and provide services here."

At the event, representatives of several Vietnamese enterprises shared their experiences, opportunities, and challenges when investing in the US as well as their plans to further expand their production and business activities. Meanwhile, representatives of US enterprises also introduced products, services, and support programs that banks and enterprises can provide to enterprises when investing and doing business in the US. The two sides also had many sharing and exchanges on cooperation opportunities and regulations on investment and business in the US.

The Select USA Forum is an annual event organized by the US Department of Commerce to attract direct investment to the United States. The forum has attracted thousands of international companies, economic development agencies (EDOs) from all US states and territories, and investors from more than 80 countries and territories around the world.

The 10th Select USA Forum was held June 23-26 at National Harbor, Maryland.

The Vietnamese delegation attended Select USA 2024 with a record number of more than 70 businesses that have or are intending to invest in the United States in many different fields and industries such as software, information technology, construction, logistics, transportation, food, and agriculture.



Source: https://vov.vn/kinh-te/doanh-nghiep-viet-nam-quan-tam-tim-hieu-dau-tu-vao-thi-truong-my-post1104083.vov

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