According to the US Ambassador to Singapore Kirk Wagar, 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region.
Deputy Prime Minister (PM) Nguyen Xuan Phuc received a US business delegation led by US Ambassador to Singapore Kirk Wagar during his working visit to Vietnam in Hanoi on September 9.
At the reception, Deputy PM Phuc said, in recent years, Vietnam's economy has gained a lot of achievements, such as the national stable macro-economy, sustainable GDP growth at the average of 5.8% year on year in the continuous five years.
Highlighting the robust growth of Vietnam – US trade, the Deputy PM said the effective implementation of US-invested projects has contributed to Vietnam’s overall socio-economic development.
The Vietnam – US trade turnover reached 36 billion USD in 2014 and in the first eight months of 2015 gained 22 billion USD.
The US is currently the seventh biggest foreign investor in Vietnam with 700 projects valued at approximately 11 billion USD.
Deputy PM Phuc believed that the future Trans - Pacific Partnership, which both Vietnam and the US are members, is expected to expand greater trade opportunities between the two countries.
During the meeting, Ambassador Wagar said that his delegation visit aims to gain insight of the Vietnamese market and promote the operation of US businesses in Vietnam.
Vietnam is considered to be the most attractive destination in investing in the ASEAN region and a potential market for exports and processing, the Ambassador added.
Ambassador Wagar stressed that 81% of US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the ASEAN region, adding that the country’s commitment to improve business climate will attract more US investment.
Source: The Hanoitimes
Key words: 81% of US enterprises in Singapore, hopes to expand, investment in Vietnam
