The first “Invest in the U.S.” seminar, co-organized by the U.S. Consulate General and AmCham HCM City, described the benefits of investing in the U.S., home to the largest amount of FDI in the world. Experts from Baker & McKenzie law firm provided Vietnamese investors with an introduction on the legal and foreign exchange requirements for outbound investment and gave presentations on best practices for establishing operations in the U.S. More than 30 Vietnamese investors participate in the seminar. Photo courtesy of the U.S. Consulate General One of the benefits of investing in the U.S. is the variety of opportunities that exist across the country’s 52 states and territories. Representatives from the U.S. states of Idaho, Iowa, and Pennsylvania spoke about investment opportunities in their states. Fred Burke, senior partner from Baker & McKenzie, highlighted how Vietnam’s GDP growth was fueling greater interest in investing in the U.S. … [Read more...] about ‘Invest in the U.S.’ seminar held in Vietnam
Largest city in the u s
The conclusion of negotiations for the Trans-Pacific Partnership (TPP) pact has marked a new milestone in Vietnam-U.S. ties and its coming ratification is expected to rapidly accelerate the Southeast Asian country’s economic growth in the years to come, experts said at a conference on Thursday. Besides business and education opportunities, there will also be challenges for Vietnam, the least developed among the 12 economies party to the U.S.-led trade accord that was reached in October 2015, according to the pundits. The event, titled "20 Years of U.S.-Vietnam Relations: Business & Education Opportunities in Light of TPP," was held in Ho Chi Minh City by the U.S. Center for Strategic and International Studies and Vietnam’s Center for Strategic and International Development. The international conference took place at a time when the two countries have completed the year-long celebration of 20 years of their diplomatic relations, and are looking forward to the … [Read more...] about After 20th anniversary of ties, Vietnam, U.S. discuss future in TPP age
The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3.4 percent in 2014, the IMF said, less than its 3.6 percent prediction in April and stronger than last year's 3.2 percent. Next year growth will be 4 percent, compared with an April forecast for 3.9 percent, the fund said. "Global growth could be weaker for longer, given the lack of robust momentum in advanced economies" even as interest rates stay low, the IMF said in an update to its World Economic Outlook report. "Monetary policy should thus remain accommodative in all major advanced economies." The IMF report reflected a world rattled by geopolitical risks that have risen since April, including the potential for "sharply higher oil prices" because of recent Middle East unrest. Growth in emerging markets is projected to be 4.6 percent this year, compared with an … [Read more...] about IMF cuts 2014 global forecast after slowdowns in China, U.S.
Vietnam-Born bidder wins billion-dollar contract in U.S. Reported by Pham Le California Waste Solutions (CWS) has won a decisive campaign against its rival, Waste Management Inc., the largest waste treatment company in the U.S. The prize is a package worth US$2.7 billion, which allows CWS to manage waste collection and disposal for the Californian city of Oakland for 20 years. The Saigon Times interviewed CWS General Director David Duong on his winning of this package as well as implementation of projects in Vietnam. Q: Could you elaborate on this US$2.7-billion package? How long did it take for you to win it? A: We’re very glad that seven out of eight members of the Oakland City Council voted for CWS as the entity undertaking waste collection and disposal for the city, where we are just the minority, much smaller than our rival, Waste Management, a company with branches in all 50 states of the U.S. as well as many countries around the world. CWS was chosen in part because we … [Read more...] about Vietnam-Born bidder wins billion-dollar contract in U.S.
The Hanoi Times - U.S.-based air carrier Northwest Airlines will offer daily service between Ho Chi Minh City and the U.S. from June 1 this year, according to the government website. The Civil Aviation Administration of Vietnam last month granted permission for Northwest Airlines to operate flights between HCMC and San Francisco and Los Angeles via Tokyo in Japan. Northwest Airlines will be the second American airline to operate direct passenger and cargo services between Vietnam and the U.S. The airline has registered to use Boeing 757 aircraft on the route, which are capable of carrying between 200 and 289 passengers. Since 2007, United Airlines has been the only American carrier to operate a daily flight between Ho Chi Minh City and the U.S. via Hong Kong. National flag carrier Vietnam Airlines plans to operate direct flights to the U.S. next year. Vietnam Airlines received US$1 million from the U.S. government last year to upgrade its systems to meet American air … [Read more...] about U.S. airline to start daily flights to Vietnam