US companies pounce on investment opportunities in Vietnam
There have been fresh investments from the US into Vietnam, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry of Planning and Investment.
Tien Phong (Vanguard) newspaper said that since early this year, many American firms such as Global Venture Inc and Pacific Development LLC, entered Vietnam to seek investment opportunities.
They also expressed their wish to be part of the projects on building infrastructure for the country, including constructing a highway in the southern province of An Giang.
In March, US-based Exxon Mobil completed its study and selection to build a US$20 billion gas-electricity complex in the central province of Quang Ngai.
Among five investment projects from the US in Vietnam since the beginning of 2014, the construction of a complex with a five-star hotel and an entertainment centre in the coastal province of Ba Ria-Vung Tau is the largest one. Good Choice Inc. decided to invest US$1.29 billion in this project.
"The results above show that American investors are more confident in the investment and business environment in Vietnam. Many enterprises consider our country as the world's best emerging market," Hoang said.
In the first two months of this year, the US merged as the largest foreign investors in Vietnam, pouring over US$1.3 billion into the country.