The first “Invest in the U.S.” seminar, co-organized by the U.S. Consulate General and AmCham HCM City, described the benefits of investing in the U.S., home to the largest amount of FDI in the world.
Experts from Baker & McKenzie law firm provided Vietnamese investors with an introduction on the legal and foreign exchange requirements for outbound investment and gave presentations on best practices for establishing operations in the U.S.
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More than 30 Vietnamese investors participate in the seminar. Photo courtesy of the U.S. Consulate General |
One of the benefits of investing in the U.S. is the variety of opportunities that exist across the country’s 52 states and territories. Representatives from the U.S. states of Idaho, Iowa, and Pennsylvania spoke about investment opportunities in their states.
Fred Burke, senior partner from Baker & McKenzie, highlighted how Vietnam’s GDP growth was fueling greater interest in investing in the U.S.
It is often said that investment follows trade, and Vietnam’s trade with the U.S. has grown enormously in recent years such that it is one of Vietnam’s top export markets. It should come as no surprise, therefore, that Vietnamese firms are looking to invest in the U.S. to support their trade relations and take advantage of opportunities there, Burke said.
The Investment Summit promotes the U.S. as a premier investment destination and connects qualified foreign firms with U.S. economic development organizations to facilitate business investment and job creation.
Last year’s SelectUSA Investment Summit hosted by U.S. Secretary of Commerce Wilbur Ross drew the largest crowd yet, with over 3,000 registered participants.
With 28 delegates, Vietnam had the 12th largest delegation at the summit and the largest delegation from Southeast Asia.
Source: VNA