On March 8, Nguyen Chi Dung, Vietnam’s Minister of Planning and Investment, had a working session with the US-ASEAN Business Council (USABC) and representatives of 50 US companies operating in Vietnam.

The minister appreciated the council’s efforts to connect companies and investors from Vietnam and the US, as well as its policy proposals and recommendations to improve the business environment in Vietnam, the Vietnam News Agency reported.

He also appreciated the activities of the USABC affiliates in Vietnam in recent years.

According to USABC Regional Director Michael Michalak, who formerly served as US Ambassador to Vietnam, Vietnam will continue to be an attractive destination for US investors in the near future.

The US companies appreciated the efforts of the Vietnamese government to reform administrative procedures and improve the investment climate, and are committed to expanding their operations in the country, he added.

At the event, Vietnam’s Minister of Planning and Investment briefed guests on his country’s priorities in 2022, such as increasing the disbursement of public investment, and equity and divestment in state-owned enterprises, and attracting more private and foreign investment. , Vietnam News Agency quoted the report from the Ministry of Planning and Investment.

According to Dung, the Ministry of Planning and Investment will focus on promoting potential areas to serve the country’s economic recovery and growth, such as digital transformation, green growth, innovation, low-carbon energy, support industry and quality agriculture.

On February 20, 2022, the US was ranked 11th out of 140 countries and territories investing in Vietnam, with 1,145 projects worth more than USD 10.3 billion. Meanwhile, according to the Foreign Investment Agency, Vietnam had 208 projects worth USD 1.06 billion in the US.

Source: Vietnam Insider


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