Monday, July 23 2018


US seeks investment openings in nation

Update: November, 17/2012 - 10:28

HCM CITY (VNS)— Leading US firms are studying the Viet Nam market for investment opportunities in major infrastructure development projects, USTDA (US Trade Development Agency) director Leocadia Zak said yesterday.

Zak is leading a delegation of eight leading US firms in infrastructure development on a working visit to Viet Nam.

She said the goal of the US Infrastructure Trade Mission was to find opportunities to meet Viet Nam's demand for infrastructure development in several sectors including energy, environment, and public transportation.

The eight companies are: General Electric; Honeywell International Inc.; Black and Veatch; Cisco Systems; Oshkosh Corporation; Westinghouse Electric Company; WorleyParson LLC.; and The Shaw Group.

The delegation held a working session with provincial and city authorities of HCM City, Can Tho, Dong Nai, Khanh Hoa, Long An and Tra Vinh in HCM City.

Zak said US companies understood the infrastructure needs in these localities and were looking forward to helping meet them through co-operation pacts in the near future.

Le Thanh An, US consul general in HCM City, said the dynamic economic development and strong population growth in Viet Nam made it a "truly emerging market" for US companies.

Among the eight companies in the mission, General Electric has already invested in a wind power project in northern Hai Phong City, while Honeywell is working with national flag carrier Vietnam Airlines for its development plan. — VNS

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