Ho Chi Minh City expects to welcome a new wave of US investors once the Trans-Pacific Partnership (TPP) takes effect, Vice Chairman of the municipal People Committee Le Thanh Liem said on March 7.
HCM City (VNA) – Ho Chi Minh City expects to welcome a new wave of investors from the United States once the Trans-Pacific Partnership (TPP) takes effect, Vice Chairman of🌄 the municipal Peop♚le Committee Le Thanh Liem said on March 7.
Liem made the statement at a meeting between local authority, the US Consulate General in Ho Chi Minh City and the American Chamber of Commerce (AmCham).
The vice chairman hailed the active role of the AmCham and US businesses in the city’s socio-economic development.
He affirmed that the economic hub will continue its administrative reforms and improve the local business climate to facilitate foreign investors, including those from America.
The meeting provided an opportunity for the city’s authority to get feedback from the American firms and help them solve difficulties.
US Consul General Rena Bitter spoke highly of Ho Chi Minh City’s support to US firms over the past years. The US is willing to assist Vietnam in its global economic integration and help connect businesses from the two countries, she said.
The TPP and Vietnam’s soon-to-be effective free trade agreements will lure more US investors to the country, she noted, hoping for continued support from the city’s authority in the future.
According to the municipal Department of Planning and Investment, four new FDI projects from the US, worth more than 1.5 million USD, landed in Ho Chi Minh City in the first two months of 2016.
The US has had 321 operational FDI projects, worth 630 million USD, thus far, making it the 12 th largest foreign investors in the city.-VNA
The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years.
Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership agreement (TPP), Tran Tuan Anh, Deputy Minister of Industry and Trade
Vietnam is set to become the biggest beneficiaries of the Trans-Pacific Partnership (TPP) trade deal out of the four Southeast Asian participants, the other three being Brunei, Malaysia and Singapore.
A panorama on the new-generation Trans-Pacific Partnership (TPP) Agreement was spotlighted at a conference that opened in the northern province of Vinh Phuc on March 4.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A corner of Ho Chi Minh City (Photo: VNA) 
