Trade Minister in US on investment search - Economy

Updated

September, 17 2011 08:50:08

Trade Minister in US on investment search

WASHINGTON — Vietnamese Minister of Industry and Trade Vu Huy Hoang chaired a conference on investment opportunities in Viet Nam on Thursday in Washington.

At the conference, Hoang highlighted Viet Nam's policies and priorities to attract foreign investment in energy and finance areas. He also witnessed the signing of memoranda of understanding on cooperation between PetroVietnam and McKinsey-&Company.

On the same day, the Vietnamese minister had a working session with Fred P Hochberg, Chairman and President of the Export-Import Bank of the United States (US Exim Bank). They discussed ways to enhance co-operation between Viet Nam‘s Ministry of Industry and Trade and US Exim Bank for bilateral cooperation in industry and trade, thus increasing economic and commercial exchanges between the two countries.

Minister Hoang also toured Honeywell and Tangible companies which operate in aviation and space technology, automation solutions, transport, special materials, and energy and security.

Earlier, on Tuesday, the minister attended the Joint Transportation and Energy Ministerial Conference held by the Asia-Pacific Economic Co-operation (APEC) in San Francisco.

Addressing the public-private roundtable on developing energy-efficient transport systems for livable low-carbon communities, Minister Hoang said to establish energy efficient, low-carbon transportation systems, Viet Nam needed to overcome many challenges such as lacking experiences, proper technologies, expertise and financing. He expressed the hope to co-operate with other APEC member economies in terms of experiences and information exchange, assistance in technology transfer, human resource development, and technical and financial support.

Also at the joint conference, on behalf of the Vietnamese delegation, Deputy Minister of Transport Ngo Thinh Duc addressed the public-private roundtable on greening the supply chain, energy-efficient freight transportation. He called upon international investors and organisations to invest in infratructure and to transfer technologies for developing supply chains during socio-economic development in Viet Nam.

Following the first-ever joint Transportation and Energy Ministerial Conference hosted by US Energy Secretary Steven Chu and Transportation Secretary Ray LaHood, energy and transportation ministers from 21 Asia-Pacific economies promised to make transportation cleaner and more energy efficient. — VNS

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