12:17 | 16/12/2018 Economy
US Ambassador to Vietnam Daniel Kritenbrink is recruiting companies to join the Vietnam business delegation for the SelectUSA Investment Summit to be held in Washington DC from June 10-12, 2019.
|US Ambassador to Vietnam Daniel Kritenbrink is recruiting companies to join the Vietnam business delegation for the SelectUSA Investment Summit to be held in Washington DC from June 10-12, 2019 - Photo: kdipa.gov.kw|
The Investment Summit promotes the US as the world’s premier investment destination and connects qualified foreign firms with US economic development organizations to facilitate business investment and job creation, according to a press release from the US Consulate.
“Investing in the US is one of the best decisions that Vietnamese firms can make, especially as the country’s economy continues to rapidly expand,” said Kritenbrink.
“As firms benefit from this expansion, they should look to expand into new markets and it is only natural to consider one of Vietnam’s largest export markets, the US,” he added.
The US is home to more foreign direct investment than any other country in the world, with a total stock of 4 trillion USD at the end of 2017.
The previous five summits alone attracted thousands of international investors and economic development representatives from across the US.
The US Commercial Service Offices in Hanoi and Ho Chi Minh City will again organize this year’s delegation to the summit.
Early this month, the ambassador and consul general of the US officially launched the 2019 SelectUSA Summit recruitment by hosting luncheons for select local investors.
“Invest in the USA” seminars will be held by the US Mission to Vietnam in Hanoi and HCM City in advance of the summit.
The seminars will help attendees learn more about the SelectUSA Summit, while hearing from representatives of EDOs in the US on investment opportunities and incentives in their respective location.
Twelve total investors from a variety of industries across Vietnam attended the 2018 Summit.
For the second year in a row, Vietnam had the largest delegation from Southeast Asia, with delegates attending seminars covering issues affecting FDI in the US, including infrastructure, tax reform, deregulation, and advanced manufacturing.
Established in 2011, SelectUSA’s mission is to facilitate job-creating business investment into the US and raise awareness of the critical role that foreign direct investment plays in the US economy.