American investors want to choose Vietnam There is a lot of information about obstacles in ratifying and passing the Trans-Pacific Partnership Agreement [...]
There is a lot of information about obstacles in ratifying and ratifying the Trans-Pacific Partnership Agreement (TPP), but withAmerican investors, this is not a barrier to their business plans.
TPP is a driving force, not a barrier
The meeting between Minister of Planning and Investment Nguyen Chi Dung and a group of investors interested in investing in Thu Thiem Urban Area (Ho Chi Minh City) ended last week in the US, during the working visit to the US of the Ministry of Planning and Investment's working delegation (at the invitation of the World Bank - WB and the United Nations Development Program - UNDP).
But, with representatives of the above investor group, including Global Gaming Asset Management Group (GGAM); Rogich Communications Group (RCG) and Steelman Partners Group, then the real work begins. Because, after the meeting, the idea of an investment project to develop a complex including TPP Financial Tower (office, commercial - service), luxury apartments, commercial - service, retail areas, resort hotels, high-class restaurants, Opera house; Their wedding and conference center, art performance and exhibition area, walking street, marina... in Thu Thiem Urban Area (HCMC) become clearer. At the request of Minister Nguyen Chi Dung, the working schedule with the authorities of Ho Chi Minh City will be part of the upcoming work of this group of investors.
More than 100 investors attended the US Investment Promotion Workshop organized by the ASEAN - US Business Council, the Vietnamese Embassy and the Ministry of Planning and Investment.
Similarly, Harbinger Capital Harbinger Fund (main owner of Asian Coast Development Ltd (ACDL), investor in the Ho Tram Integrated Resort Project in Ba Ria - Vung Tau, with a total investment of about 4.2 billion USD), Coca-Cola, Metlife Group (the largest life insurance company in the United States), Visa or Mastercard... will be busy with new work schedules, during meetings with Minister Nguyen Chi Dung, the expansion investment plan is always the central topic. Harbinger Foundation has even revealed its interest in the Long Thanh International Airport Project, and hopes to develop and build a private airport, helping connect Ba Ria - Vung Tau with other localities...
It seems that information about certain obstacles in ratifying and passing the TPP does not make American investors and businesses hesitate in their plans to continue looking for investment and business opportunities in Vietnam.
Even at the discussion between the Minister of Planning and Investment and 10 leading American businesses and investors held during a working trip, the intention to expand, make new investments and participate in the Vietnamese market was clearly informed. A number of new projects in the fields of real estate business and information technology have also been discussed directly by investors with Minister Nguyen Chi Dung.
For them, the investment environment in Vietnam with strong improvements following the flow of economic integration is a destination that cannot be ignored in business plans. Even US Trade Representative Michael Froman, when discussing the business environment in Vietnam and the process of preparing and ratifying the TPP, said that the TPP Agreement is economically meaningful and will promote trade and investment between the two countries, so even though there are still many debates, he still believes that everything will go smoothly.
Vietnam's investment environment improves
Considered as the most elite team in the global investment community, American investors often do not miss any opportunity to seek profits. Choosing Vietnam in the current context shows their belief in the Vietnamese Government's reform commitments to a constructive, integrity-based government, gradually shifting from management to service, taking businesses as the driving force for development in the coming period.
They have many reasons to trust. More than 100 American investors attending the US Investment Promotion Conference, jointly organized by the ASEAN - US Business Council, the Vietnamese Embassy and the Ministry of Planning and Investment within the framework of the working visit of the Minister of Planning and Investment, discussed a lot about the institutional changes, laws and transparency of Vietnam that are being completed, creating conditions for investors to feel secure in long-term operations and smoothly participate in the supply chain. global value.
Information about Vietnam's increase in scores in a number of indicators in the 2017 Doing Business Report that the WB has just completed also includes assessments from American investors and businesses operating in Vietnam. This year, with a score of 62.1/100, Vietnam ranked 90/189, achieving progress in applying for construction permits, starting a business, and getting loans...
Of course, there are still many points that need to be improved. In the Business Environment Report, Vietnam's indicators on bankruptcy procedures and investor protection are still low. This is also the reason why the Chairman of BowerAsia Company proposed to Minister Nguyen Chi Dung to restore the activities of the Vietnam - US High Level Advisory Council on improving Vietnam's competitiveness, or build similar initiatives to support Vietnam in improving its competitiveness and attracting foreign investment.
Clearly, the fact that Vietnam remains steadfast in the process of innovation, integration, rapid and sustainable development and opens its doors to welcome US investors and businesses as committed by Minister Nguyen Chi Dung in the US Investment Promotion Workshop is what investors really care about.
Procedures
