When Vietnam is the Destination of Foreign Investors
Two consecutive delegations of American businesses, with more than 60 big names, from Boeing, Apple, Intel, Coca-Cola to Nike, Amazon, Bell Textron, Excelerate Energy… have come to Vietnam in recent days. This is an annual activity organized by the US-ASEAN Business Council (USABC), but this time it is the largest business delegation ever.
Mr. Ted Osius, President and CEO of USABC, emphasized the important reforms of Vietnam in recent times, especially in streamlining the apparatus, as well as in reducing barriers to import and export activities, thereby creating a more attractive environment to open up investment and business. In addition to the above fields, major investors in the fields of aviation, logistics, finance, telecommunications, health care, agriculture… have also been present in Vietnam on this occasion. Meta, Bayer are typical examples.
Another noteworthy information is that US businesses are also interested in the plan to develop two regional and international financial centers in Ho Chi Minh City and Da Nang in Vietnam. Minister of Finance Nguyen Van Thang pledged to always accompany, support, and create favorable conditions for US businesses and investors to continue investing and doing business in Vietnam. The Minister also clarified investors’ concerns regarding special consumption tax, or tax incentives for businesses using recycled materials, as well as investment incentives in the fields of high technology, innovation, etc. Regarding the mechanism and policy for building two financial centers in Da Nang and Ho Chi Minh City, Minister Nguyen Van Thang said that Vietnam is researching and building mechanisms and policies in the direction of “the most preferential possible, the most innovative possible”, for foreign investors, investment funds, financial funds and businesses to participate.
