High expectation of US investors in Vietnam

DNHN - Due to the ease of Covid -19 restrictions, the US investors are targeting new growth and optimistically forecasting Vietnam’s economy

Planned expansion

The US is placed 11^th out of 138 countries and territories investing in Vietnam which made an important contribution to Vietnam’s development and deeply participate in the global supply chain

In 2021, the United States is the largest exported market of Vietnam which reached 100 billion USD in the trade turnover between the two countries. In the challenging circumstance, the performance of Vietnamese’s economy has received compliments from US investors.

Members of the American Chamber of Commerce ( AmCham) in Vietnam are recovering their commercial and manufacturing activities and expressed their optimism about the Vietnam market, said Mrs. Mary Tarnowka – director of AmCham

Mr. Tarnowka emphasized the impact of the Covid 19 vaccinated campaign in Vietnam has relaxed pandemic prevention and created favorable conditions for foreign investors

During the difficult times, US enterprises in Vietnam have stepped up efforts to support communities and had a significant contribution to the development of Vietnam’s transformation and growth- said Mr. Adam Sitkoff, the CEO of AmCham Hanoi.

Vietnam calls for easier transportations

The serious consequences of Covid 19 have made a challenging year for businesses in Vietnam. Companies from foreign in general and the US in particular faced operational, supply chain, and mobility difficulties.

However, the government targets GDP growth of 6-6.5 percent this year, while the World Bank expects Vietnam’s GDP to recover to 5.5 percent

Investors from the US commend the effort of Vietnam’s government in facilitating cross-border travel and encourage additional actions to reduce the burden on international travel. Safety is the most priority, US investors expect a better and more predictable business environment in procedures for experts, upcoming investors, and their technical support maintenance team.

US companies look forward to working with Vietnamese businesses to accelerate digital transformation and entrepreneurship. In particular, the two Governments are expected to begin efforts towards a bilateral trade agreement to improve trade and investment flows, support sustainable supply chains, and improve business conditions to increase trade and investment flows. strengthen the private sector and ensure sustainable socio-economic development.

Vietnamese and US companies need to understand each other's markets, share cooperation opportunities, and restore economic activities to the new normal.

Lam Nghi