The purpose of this mission is to inform U.S. firms about opportunities in Southeast Asia’s rapidly expanding market and to position U.S. companies to seize export opportunities. We at the Department of Commerce have tailored this mission to fit the needs of representatives from leading U.S. companies providing state-of-the-art market services and technologies to sectors critical to infrastructure development.
This particular mission will visit Hanoi, Ho Chi Minh City, and Jakarta. During each of these stops, participants will receive market briefings and meet with key government decision makers and prospective private sector partners during customized, one-on-one meetings.
Within Indonesia and Vietnam, the trade mission will focus on the following infrastructure sectors: Energy, Aviation, Environmental Technology, and Architecture, Construction and Engineering. While all of these sectors have shown recent development, there remains a vast array of opportunities to meet the high demand of the local governments, businesses, and individuals.
Jul 6, 2012. On the occasion of the American Independence Day on July 4 and the 17th Anniversary of the normalisation of US-Vietnam diplomatic relations on July 12, US Ambassador to Vietnam David B. Shear told VIR about the economic, trade and investment prospects between the two countries.
When you began your work as the US ambassador to Vietnam, you said further enhancing the Vietnam-US economic relationship was one of your priorities in Vietnam. So at what stage do you think the two countries’ economic relationship is standing, after 17 years since the normalization of the bilateral relations in 1995 and 10 years since the signing of the Bilateral Trade Agreement in late 2001?
Enhancing the US-Vietnam economic relationship continues to be one of my top priorities as US ambassador to Vietnam. As the United States and Vietnam mark nearly 17 years of bilateral diplomatic ties, it is amazing to look at how far we’ve come. Our relationship continues to grow on many fronts, including trade, based on friendship and mutual respect. In a sign of our deepening relationship, the United States and Vietnam have had increasingly regular, high-level diplomatic exchanges, including the upcoming third visit to Vietnam of Secretary of State Clinton.
While we have already achieved much together, our relationship, especially our economic relationship, can and should move to even greater heights. In 1995, our bilateral trade was merely $451 million but reached nearly $22 billion in 2011. Our bilateral trade and investment has shown incredible growth and has great potential for further advancement. US businesses are leading investors in Vietnam and the United States is now Vietnam’s most important export market.
Hirokazu YAMAOKA Chief representative, JETRO Hanoi, Mar 19, 2012
Vietnam will continue to be one of the most promising destinations for Japanese investment in East Asia on the condition that continuous efforts are made to improve the investment climate in Vietnam.
Last year Japanese companies were given two lessons. One was given by the earthquake and tsunami in Japan and the other was the flood in Thailand. These companies understood the risk of manufacturing in a single place and the risk of over concentration. Now they focus more on risk sharing for manufacturing.
Events, Meetings, Activities, and Special Offers for Members
EPLegal supported the 1st offshore syndicate facility in Vietnam On Jul 21 at PetroVietnam Head Office in Hanoi, for the first time a syndicate of six top local and international banks in Vietnam have signed a syndicate loan agreement with a Singaporean FPSO owner – PVKEZZ Ltd. For financing its FPSO investment project with the total value of US$227 Million. This is the first known overseas loan in Vietnam approved by the State Bank of Vietnam (SBV), where EPLegal has been acting as the Borrower’s legal counsel.
We, Jul 28 Seminar: Developing a Low Carbon Economy A seminar to further business dialogue and awareness of topics related to fostering a low carbon economy. The objective is to share international and regional experience on carbon and energy issues, and on current priorities and challenges related to carbon emissions reduction and energy efficiency in the region.
Fr, Jul 30 International Energy and Infrastructure Arbitration: A Vietnam Perspective The Singapore International Arbitration Center (SIAC) in partnership with The Pacific International Arbitration Centre (PIAC) will host a half-day seminar to examine the latest regional developments in dispute management and arbitration in the energy and infrastructure sectors. The conference will take place on Jul 30, 2010 at the Sheraton Saigon Hotel in Ho Chi Minh City. The keynote speaker at the Conference will be Mr K Shanmugam, Singapore Minister for Law. Click the link for details and a registration form.
Events, Meetings, Activities, and Special Offers for Members
Jul 12-25 Long Carvery Buffet Dinner at Caravelle Hotel Dine on a “fabulous” buffet dinner offering an array of delicious culinary pleasures. VND 888,000 ++ or US$ 48 ++/ per person with one glass of Mumm Champagne for FREE, unlimited orders of Margaritas & Martinis, and free flow of house Italian and Spanish wines. Enjoy the best selection of carving stations.
We, Jul 21 Business Seminar: “All or Nothing – Rethinking Corporate Risk Management in Light of the Financial Crisis” organized by the Shidler College of Business, University of Hawaii. This seminar introduces recent corporate risk management concepts and techniques in “Enterprise Risk Management,” and discusses its importance in light of the financial crisis and economic downturn.
We, Jul 28 Seminar: Developing a Low Carbon Economy A eminar to further business dialogue and awareness of topics related to fostering a low carbon economy. The objective is to share international and regional experience on carbon and energy issues, and on current priorities and challenges related to carbon emissions reduction and energy efficiency in the region.