Vietnam’s business potential introduced in US

Vietnam was among three emerging markets in Asia attracting interests from US businesses.

A workshop on investment and business potential in India, the Republic of Korea (RoK) and Vietnam was jointly held in East Brunswick city of New Jersey on September 10 by the US Department of Commerce, the PNC bank and transport company FEDEX.

Nguyen Manh Hung, Director of the Vietnam trade promotion centre in New York (VIETRADE New York) attended the workshop.

Donald Nay, a senior commercial official from the Trade Agency of the US Embassy in Vietnam, said that Vietnam is a potential market for American businesses operating in the fields of telecoms, aviation, transportation, medical equipment, banking and insurance.

But, he said, Vietnam needed to pay more attention to improving healthcare quality, infrastructure and environmental protection and curbing inflation in order to attract more businesses from the US.

The US became Vietnam’s second largest trading partner after China. Two-way trade between Vietnam and the US reached US$12.53 billion in 2007.

ND

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