NEWS for TODAY----
MPI holds Viet Nam investment forum
(12-04-2008)
HCM CITY — Representatives of large US companies met with Vietnamese officials at the Viet Nam Investment Forum organised by the Vietnamese Ministry of Planning and Investment in New York on Thursday.
MPI Minister Vo Hong Phuc said Viet Nam’s dynamic economy and favourable conditions for production and export make it one of the best destinations for investment in Southeast Asia.
Phuc said recent foreign direct investment in Viet Nam has amounted to US$98 billion, including $21 billion committed in 2007. Foreign investment currently accounts for 25 to 30 percent of the nation’s total investments.
He added Viet Nam wants foreign investment in the manufacturing, hi-tech, material production, energy, infrastructure, property development and financial and banking industries.
He outlined the Vietnamese Government’s programmes to promote investment, with a focus on making laws adhere to World Trade Organisation standards, upgrading infrastructure and developing human resources.
American companies have cited the country’s socio-political stability, efforts at legal reform and young workforce as reasons to invest.
The forum is part of a three-day tour of the US to promote investment and business in Viet Nam.
Accompanied by Vietnamese government officials and entrepreneurs, Phuc visited New York, Houston, and Washington D.C during the trip that began on Wednesday.
He met with the Viet Nam Partners group and representatives of several US giants, including Morgan Stanley and Raytheon, at the headquarters of the Viet Nam representative mission to the UN in New York. — VNS
--------------------------------------------------------------------------------
