Illustrative photo (Source: baodautu.vn)Chad Ovel, Chairman of the American Chamber of Commerce inVietnam in Ho Chi Minh City (AmCham Vietnam-HCMC) said Harris choosing Vietnam forher first visit to Asia showed the US appreciates security cooperationand economic partnership with Vietnam.
Many US-based conglomerates like Pfizer, AbbottLaboratories, Intel, Qualcomm, UPS, and Mastercard are increasing theirinvestment in Vietnam with optimism about the market.
Russell Reed, Managing Director of UPS Thailand & Vietnam,considers Vietnam among the fastest growing market in the region which opensup potentialimport-export opportunities amid the rise of digital economy andtrans-border e-commerce. UPS have been invested in Vietnam for over 25years.
The Vietnamese Government supports extensive internationaleconomic integration and foreign investment, Reed said, pointing to the nation’ssigning of the EU-Vietnam Free Trade Agreement (EVFTA) and Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP).
The UPS is looking for Vietnam’s ratification of the RegionalComprehensive Economic Partnership (RCEP) in late 2021, he added.
Winnie Wong, Country Manager of Mastercard in Vietnam,Cambodia and Laos, said Vietnam is a key market in the company’s developmentplan. Mastercard is committed to building a cashless market in Vietnam, shenoted.
Recently, Vietnamese conglomerate Vingroup has signed anagreement with Arcturus Therapeutics Holdings Inc. of the US on thetransfer of COVID-19 vaccine production technology.
With a capacity to manufacture 200 million doses per year,Vingroup is projected to produce the first batches of vaccine by early 2022.
Under the agreement, the US firm will grant permission otVingroup’s affiliate VinBioCare to produce COVID-19 vaccine namedVBC-COV19-154, which is effective against new variants of the coronavirus suchas Delta and Alpha. The Vietnamese company is also approved to manufactureother COVID-19 vaccine types of Arcturus like ARCT-021.
The American Apparel & Footwear Association, whichrepresents over 1,000 retailers and producers, has just sent to US President JoeBiden a letter calling for increasing vaccine distribution for Vietnam.
Meanwhile, AmCham has been actively proposing the Bidenadministration make Vietnam a prioritised recipient in its vaccine sponsorshipprogramme./.
VNA
