Hoa Nguyen, ANT Consulting
The economic downturn and difficulties in the country make attracting foreign investment from the familiar investment sources of Vietnam has been greatly reduced.
However, many large corporations from the U.S continues to pour capital into Vietnam. Actual investment over time shows that many U.S investors are continuing to pursue investment plans and long term business in Vietnam.
Intel Corporation has collected positive results from the chip factory in Ho Chi Minh. In 2011, the plant brought 462 million U.S dollar in export revenue for Intel.
Besides Intel, Chevron Corporation is also pursuing joint projects with the Petro Vietnam (PVN) to exploit gas in Block B. This corporation is expected to finish negotiations with PetroVietnam about gas prices. In order for the project go into operation soon, Chevron leaders want to bring more modern technology into Vietnam.
Jabil – a member of the American Chamber of Commerce in Vietnam (AmCham) has also recently added 70 million U.S dollar investment capital to expand its factory in Hi-tech Park – Ho Chi Minh city, increasing the total investment capital in Vietnam of this business to 100 million U.S dollar.
During the visit to Vietnam of the U.S. Secretary – Mrs. Hillary Clinton, a variety of names such as Coca-Cola, Unilever, Kimberly-Clark, PepsiCo, P & G, Nike … have come to Vietnam to seek opportunities to expand the investment.
In fact, these corporations were and are present in Vietnam. Many experts predict that with this positive trends and outlook, upcoming here there will be a new wave of investment from American businesses in Vietnam.
FedEx Corp. representative also said that Vietnam’s market has been moving actively in the global value chain. FedEx will help speed up the movement as well as willing to support Vietnam to speed up negotiations Trans–Pacific Partnership Agreement (TPP). In addition to FedEx, many corporations, major U.S. companies are also set expectations on the success of the TPP negotiations – which are considered major catalyst to promote trade cooperation and investment between the parties .
Minister of Planning and Investment of Vietnam – Mr. Bui Quang Vinh affirmed that Vietnam is in the process of restructuring the economy, strong changes in the growth model, focusing on the areas of value added and levels of gray matter, high-tech.