Seminar discusses investment opportunities in the US
(VOV) - A seminar in HCM City on July 10 focused on assisting Vietnamese businesses improve their understanding of American laws and increase their capacity to effectively seek cooperative investment opportunities in the US.
During the seminar, experts agreed that the US Foreign Investment Act has opened up the market to allow for wholly owned foreign-invested companies with adequate safeguards to enforce those rights in American courts.
Hoang Kim Son, Head of Vietnam’s trade office in San Francisco emphasized that Vietnamese businesses should learn more about the laws, regulations and requirements of the US market to operate effectively, especially after the Trans-Pacific Partnership (TPP) agreement comes into effect.
Businesses should co-ordinate with Vietnam’s trade offices overseas to seek partners and business opportunities.
Echoing Son’s views, Vo Tan Thanh, Director of Vietnam Chamber of Commerce and Industry in HCM City (VCCI-HCM City) said that Vietnam-US bilateral ties have developed strongly in recent times.
In addition, the US is the country’sleading trade partner and listed among itstop ten foreign investors. However, local businesses will encounter difficulties in penetrating the US market if they do not adequately prepare themselves and understand US laws and regulations clearly, he said.
VCCI–HCM City also introduced the Vietnamese business community two foreign trade promotion programmes scheduled for this October which will cover a survey of US and Canadian markets and trade exchanges in Japan.