Vietnam remains attractive destination for US investors

Minister of Planning and Investment Nguyen Chi Dung (Photo: MPI)

Hanoi (VNA) – Minister of Planning andInvestment Nguyen Chi Dung on March 8 had a working session with the US-ASEANBusiness Council (USABC) and representatives from 50 US firms operating inVietnam.

The minister appreciated the council’s efforts inconnecting businesses and investors of Vietnam and the US, as well as itspolicy proposals and recommendations to improve the business environment in Vietnam.

He also highly valued the operations of member enterprisesof the USABC in Vietnam over the past years.

Regional Managing Director of the USABC MichaelMichalak, who used to serve as a US Ambassador to Vietnam, affirmed that Vietnamwill remain an attractive destination for US investors in the time ahead.

He said US firms appreciated the Vietnamese government’s effortsin reforming administrative procedures and improving the investmentenvironment, and committed to expanding their operations in the country.

Regional Managing Director of the USABC Michael Michalak, who used to serve as a US Ambassador to Vietnam (Photo: MPI)

Dung briefed the guests on his ministry’s priorities in2022 such as stepping up the disbursement of public investment, and the equitisationand divestment at State-owned enterprises, and attracting more private andforeign investments.

The ministry will work to promote potential areas toserve the country’s economic recovery and growth like digital transformation,green growth, innovation, low-carbon energy, support industry and qualityagriculture, he added.

According to the Foreign Investment Agency, as ofFebruary 20, 2022, the US ranked 11th among 140 countries and territories investingin Vietnam, with 1,145 projects worth over 10.3 billion USD. Meanwhile, Vietnamhad 208 projects valued at 1.06 billion USD in the US./.

VNA