July 21, 2014 | 20:07 (GMT+7)
US companies pounce on investment opportunities in Vietnam
There have been fresh investments from the US into Vietnam, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment...
There have been fresh investments from the US into Vietnam, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment.
The Tien Phong (Vanguard) newspaper said that since early this year, many American enterprises such as Global Venture Inc and Pacific Development LLC, entered Vietnam to seek investment opportunities.
They also expressed their wish to be a part of the projects on building infrastructure for the country, including constructing a highway in the southern province of An Giang.
|
A corner of Long Xuyen city of An Giang province. Photo: dichvuhangkhong.com.vn |
In March, US-based Exxon Mobil completed its study and selection to build a 20 billion USD gas-electricity complex in the central province of Quang Ngai.
Among five investment projects from the US in Vietnam since the beginning of 2014, the construction of a complex with a five-star hotel and an entertainment centre in the coastal province of Ba Ria-Vung Tau is the largest one. Good Choice Inc decided to invest1.29 billion USD in this project.
"The results above show that American investors are more confident on the investment and business environment in Vietnam. Many enterprises consider our country as the world's best emerging market," Hoang said.
In the first two months of this year, with a total registered capital of more than 1.3 billion USD, the US climbed to the first position from being seventh in the list of countries and territories investing in Vietnam.
Source: VNA