US businesses eye increased investments in private sector
Mrs Littlefield who led an OPIC delegation to visit Ho Chi Minh City recently told the media that under President Obama Administration, total OPIC investment into Asia tripled to US$4 billion, however, US investments in Vietnam remained modest with only several major projects.
In the new context of Vietnam gradually joining the global supply chain, US investors have showed their keen interest in the lucrative market, especially in renewal energy, agriculture and information technology.
Mrs Littlefield said she had learned about the reason why numerous US-invested projects have not yet got underway in such a potential market like Vietnam.
The OPIC representative said her organization only provides financial resources for private projects which meet Vietnam’s development criteria, have feasible business plans with good partners, strictly follow rules for labour safety and environment protection and have not yet received capital from any commercial banks.
It is worth noting that these projects must be invested by US businesses, she noted, adding that OPIC can provide flexible investment capital levels ranging from USD1 million to hundreds of millions of USD.
Related News
Vietnam-China e-commerce: A perspective from Lang Son border
13:39 | 06/12/2024 Headlines
US businesses increase shrimp imports ahead of tax hike
11:05 | 29/11/2024 Import-Export
US trade policy is expected to be "stricter", what should businesses do?
15:50 | 02/12/2024 Import-Export
Green transformation: It's time to force businesses to "get involved"
09:23 | 25/11/2024 Headlines
Latest News
US emerges as biggest consumer of Vietnam’s pepper
16:57 | 10/12/2024 Import-Export
Why are seafood exports to some Middle Eastern countries blocked?
10:32 | 10/12/2024 Import-Export
Seafood exports increase competitiveness through quality
10:24 | 09/12/2024 Import-Export
Textiles, footwear enterprises need support to green the supply chain
10:22 | 09/12/2024 Import-Export
More News
Vietnam’s seafood export hits 1 billion USD mark for October
18:21 | 08/12/2024 Import-Export
Opportunities for export breakthroughs through e-commerce
09:45 | 08/12/2024 Import-Export
Will textile and garment exports be affected by Trump 2.0 policy?
09:44 | 08/12/2024 Import-Export
Vietnam, US strengthen supply chain cooperation in global marketplace
20:32 | 07/12/2024 Import-Export
Over 218,500 enterprises established, resume operations in 11 months
20:30 | 07/12/2024 Import-Export
Textile and garment exports optimistic thanks to market opportunities
15:29 | 07/12/2024 Import-Export
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months
14:17 | 06/12/2024 Import-Export
Rice exports to set record of 9 million tonnes this year
14:14 | 06/12/2024 Import-Export
Three goals, seven tasks for the logistics industry to accelerate
13:47 | 06/12/2024 Import-Export
Your care
US emerges as biggest consumer of Vietnam’s pepper
16:57 | 10/12/2024 Import-Export
Why are seafood exports to some Middle Eastern countries blocked?
10:32 | 10/12/2024 Import-Export
Seafood exports increase competitiveness through quality
10:24 | 09/12/2024 Import-Export
Textiles, footwear enterprises need support to green the supply chain
10:22 | 09/12/2024 Import-Export
Vietnam’s seafood export hits 1 billion USD mark for October
18:21 | 08/12/2024 Import-Export