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.
Food exporters must have contact in U.S. Tran Thu By Tran Thu - The Saigon Times Daily HCMC - Besides the required registration with the U.S. Food and Drug Administration (FDA) again, local foodstuff exporters targeting the U.S. market are also required to maintain contact stateside on a 24/7 basis to be allowed to export products to the foreign nation from early next year, an official said. Do Tuan Phong, director of the Vietnam Trade Office branch in Houston, told the Daily the aforesaid information on the sidelines of a seminar on business and investment chances in Houston held in HCMC last Thursday. The new regulation will take effect from January 1, 2013. The Food Safety Modernization Act (FSMA) of the U.S. requests Vietnamese companies exporting foodstuff to the foreign nation to re-register with FDA. Besides, local foodstuff enterprises need to ensure a constant contact, meaning they have to set up presence in the U.S. According to Phong, local exporters can select … [Read more...] about Food exporters must have contact in U.S.
Thousands of protesters took to the streets in the West Coast city of Oakland and forced its port to shut down Wednesday in a general strike called by the Occupy Oakland group. The strike, which drew people from all walks of life, including workers, teachers and students, is the first of its kind in the city since 1946, according to The Oakland Tribune, a local newspaper. The demonstrators marched along downtown streets and held rallies, with some of them pounding on doors of downtown banks and defacing ATMs with graffiti. The strike was largely peaceful, although, in the afternoon, some protesters with bandanas over their faces smashed windows and threw paint at banks, a grocery store and two small businesses. Some protesters told local TV the vandalism was not what they represented. Police said in an evening press conference no arrests had been made. Before sunset, about 5,000 protesters, by police estimates, marched to the Port of Oakland, the fifth busiest container port in the … [Read more...] about Thousands go on strike in U.S. city Oakland