The 2019 US-Vietnam Business Summit celebrating 25 years of Trade and Investment was held on May 10 (Photo: VNA)Hanoi (VNA) – US economic officials have been holding events in Hanoi and HoChi Minh City throughout the year to lure Vietnamese firms into joining adelegation to Washington, DC, which is scheduled for June 10-12, to exploreinvestment opportunities, reported the Voice of America (VOA).
Itquoted US Ambassador to Vietnam Daniel J. Kritenbrink as saying that investingin the US is one of the best decisions that Vietnamese firms canmake, especially as the country’s economy continues to expand rapidly.
“Asfirms benefit from this expansion, they should look to expand into new marketsand it’s only natural to consider one of Vietnam’s largest export markets, theUS,” he added.
Thediplomat has been recruiting companies in the Southeast Asian country for abusiness delegation to Washington, DC. As noted by Kritenbrink, the US is thebiggest market for Vietnamese products, which is a reminder that the countryalready has a big presence in the international arena, having establisheditself as an export powerhouse in the past two decades.
Speakinghighly of Vietnam’s economic results, the VOA believes that it would be a majorachievement for companies to take it to the next level – no longer justshipping goods overseas, but actually setting up operations and officesoverseas too.
TheVOA cited electronics conglomerate FPT and telecommunications giant Viettel asexamples. By going abroad, Vietnam’s companies hoped to not only strengthentheir home economy against foreign trade tensions, but also to help build thenational brand around the world, said the US multimedia agency.
StandardChartered Bank executive Nirukt Sapru said Vietnamese firms have variousadvantages to go global, as the countryis still seeing increases in gross domestic product, foreign direct investment(FDI), and FDI-driven manufacturing.
The bank’s CEO for Vietnam, Southeast Asia, and South Asia addedthat Vietnamese mid-corporate manufacturers can capitalise on this and shieldthemselves from headwinds by pursuing strategies, such as investing intechnologies and exploring new markets, which will help them move up the valuechain. –VNA
Itquoted US Ambassador to Vietnam Daniel J. Kritenbrink as saying that investingin the US is one of the best decisions that Vietnamese firms canmake, especially as the country’s economy continues to expand rapidly.
“Asfirms benefit from this expansion, they should look to expand into new marketsand it’s only natural to consider one of Vietnam’s largest export markets, theUS,” he added.
Thediplomat has been recruiting companies in the Southeast Asian country for abusiness delegation to Washington, DC. As noted by Kritenbrink, the US is thebiggest market for Vietnamese products, which is a reminder that the countryalready has a big presence in the international arena, having establisheditself as an export powerhouse in the past two decades.
Speakinghighly of Vietnam’s economic results, the VOA believes that it would be a majorachievement for companies to take it to the next level – no longer justshipping goods overseas, but actually setting up operations and officesoverseas too.
TheVOA cited electronics conglomerate FPT and telecommunications giant Viettel asexamples. By going abroad, Vietnam’s companies hoped to not only strengthentheir home economy against foreign trade tensions, but also to help build thenational brand around the world, said the US multimedia agency.
StandardChartered Bank executive Nirukt Sapru said Vietnamese firms have variousadvantages to go global, as the countryis still seeing increases in gross domestic product, foreign direct investment(FDI), and FDI-driven manufacturing.
The bank’s CEO for Vietnam, Southeast Asia, and South Asia addedthat Vietnamese mid-corporate manufacturers can capitalise on this and shieldthemselves from headwinds by pursuing strategies, such as investing intechnologies and exploring new markets, which will help them move up the valuechain. –VNA
VNA
