Vietnam encourages investment from the US enterprises

During the visit to Vietnam in the first week of March, the American Business Council (ABC) met with the Vietnam Ministry of Planning and Investment. Both sides expressed their willingness to cooperate and encourage investment from the US enterprises.

According to the statistics from the Ministry of Planning and Investment, by the end of February 2017, Vietnam has attracted 826 projects from the US investors with a total registered capital of 10.1 billion USD. This leads to US being ranked number 9 among 116 countries and territories which have invested in Vietnam. In particular, only within the first two months of 2017, US investors have devoted their capital in 11 new projects, raised capital for 3 current projects and bought shares in 28 projects with the total registered investment capital of $51 million.

Speaking at the meeting with the Ministry of Planning and Investment, representatives of many US enterprises expressed that Vietnam has a good economic growth rate, encouraging investment policies and appealing market with more than 90 million citizens. Many American enterprises also believe in great prospects of Vietnam and are willing to make strong investment commitments in Vietnam in the near future.

On the other hand, Minister of Planning and Investment – Mr. Nguyen Chi Dung highly appreciated the role of the US business community in Vietnam and affirmed that US enterprises have greatly contributed to the socio-economic development of the country. As a result, to attract more US investors, Vietnam will need to continue improving its investment environment by maintaining stability in tax policies, enhancing communication between the Government and the US Investors' Union and removing other difficulties and obstacles encountered by the investors.

Sources: 1, 2

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