Procter&Gamble (P&G), a US consumer goods corporation which has been in Vietnam since 1995 with initial registered capital of 360 million USD, has three factories in the country. (Source: baocongthuong.com.vn)

 

Hanoi (VNA) – The US ranked ninth out of 122 countries and territories
investing in Vietnam as of September 2017, with 835 foreign direct investment
(FDI) projects worth 9.39 billion USD.



Economists
forecast that US investment in Vietnam will increase in the near future.



At
the end of August 2017, Coca-Cola Beverages Vietnam Ltd., which has operated in
Vietnam for more than 20 years, announced the completion of an expanded
investment package worth 300 million USD in the Southeast Asian nation from
2013-2016, raising the company’s total capital to more than 500 million USD.



Calin
Dragan, Regional Director of Coca-Cola in Southeast Asia and the Middle East,
said the package will serve as a foundation for Coca-Cola to invest deeper in
Vietnam.



Procter&Gamble
(P&G), a US consumer goods corporation which has been in Vietnam since 1995
with initial total registered capital of 360 million USD, has three factories
in the country.



Omar
Channawi, P&G Vice President of the Asia-Pacific Region, said at a recent
workshop held by the Vietnamese Ministry of Planning and Investment that
Vietnam is one of P&G’s major markets and the corporation plans to invest
more in the country.



During
Prime Minister Nguyen Xuan Phuc’s visit to the US in late May 2017, about 20
contracts and agreements were signed by the two countries.



While
in the US, the Vietnamese leader met with leading US businesses Exxonmobil,
Nike, Boeing and MacKinsey, and affirmed that Vietnam welcomes US businesses to
invest in Vietnam.



Many
US enterprises said they appreciate Vietnam’s investment environment, stressing
that they plan to invest in the country.



John
Hill, US Vice Acting Ambassador to Vietnam, said Vietnam’s investment
environment has improved significantly, with the most noteworthy development
being the issuance of the Law on Support for Small and Medium-Sized Enterprises
(SMEs), which demonstrates the Government’s commitment to helping SMEs and the
economic private sector to develop.



This
is a foundation for Vietnam to attract investment from foreign countries,
including the US, he said.



Jonathan
Moreno, Chairman of the American Chamber of Commerce, said one of US investors’
biggest concerns is infrastructure in Vietnam, especially transport
infrastructure, which affects not only traffic but also the transportation of
goods.



 He
suggested the country improve its infrastructure to lure more investment.-VNA