American foodstuff companies to come to Vietnam

In future, more American foodstuff brand names will be seen in Vietnam, Commercial Counselor of the US Embassy Sarah E. Kemp said at a press conference of the Vietnam-US business forum on December 7 in Hanoi.

The counselor said brand name franchising markets have developed strongly in the US and Vietnamese businesses are welcome to come and find investment opportunities.

She said that the Vietnam-US business forum aims to support and connect the two countries’ businesses and promote bilateral cooperation. Representatives from 13 US companies and Vietnamese businesses found cooperative opportunities and some major brand names are expected to be available in Ho Chi Minh City in 2012.

Brent E.Omadahl, former Commercial Counselor of the US Embassy, emphasised that Vietnam is a developing economy with many opportunities for investors. However, they need to pay close attention to consumer demand and the competitiveness of Vietnam ’s market to ensure success.

He also said Vietnam would have lots of its own brand names franchised in the US market in future.

Vir

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