20 Vietnamese corporations search alternatives within the US

20 Vietnamese companies participated within the 2023 SelectUSA Funding Summit on Might 4 to hunt alternatives to speculate or develop their operation in the USA.

20 Vietnamese firms seek opportunities in the US

The summit noticed the participation of many US companies and associations with investments in Vietnam. The occasion additionally welcomed over 1,200 traders from 70 international locations and territories everywhere in the world.

The 20 companies, which have invested within the US or have the intention to take action, function in numerous industries, together with software program; electrical automobiles (EVs) and battery manufacturing; development and inside ornament; logistics and transport; meals processing; and packaging.

For instance, VinFast is dedicated to investing giant volumes of capital within the US. The group plans to arrange an EV manufacturing advanced in North Carolina, set to enter operation by 2024. The ability will ultimately have capability to supply as much as 150,000 EVs yearly, with the corporate planning to start out off with two giant SUV fashions that have been unveiled final 12 months. The meeting plant itself will price about $2 billion, although further operations, reminiscent of a battery facility, ought to carry the full price to $6.5 billion.

The gathering was organised by the Vietnamese Embassy in Washington DC in coordination with The Asia Group. Diane Farrell, Deputy Underneath Secretary for Worldwide Commerce within the Division of Commerce, mentioned, “The US will help Vietnamese corporations to make the right selections after they spend money on the American market.”

Six more Vietnamese basa fish producers gain entry to US market Six extra Vietnamese basa fish producers acquire entry to US market

The US Meals Security and Inspection Service (FSIS) on Might 19 allowed six extra Vietnamese basa producers to export to this market.

Luong Viet Quoc: The first Vietnamese exporting drones to US market
Luong Viet Quoc: The primary Vietnamese exporting drones to US market

Drones are amongst tech-intensive objects many international locations have been paying an excessive amount of consideration to and are sometimes related to tech giants just like the US and China, however one Vietnamese, Dr. Luong Viet Quoc, founder and CEO of Actual Time Robotics Inc. not solely manufactures but in addition sells his drones to overseas clients.

Bright prospects expected for Vietnam-US trade ties: Official Vibrant prospects anticipated for Vietnam-US commerce ties: Official

Vietnam is seeing nice alternatives within the US market, mentioned Business Counsellor within the US Do Ngoc Hung who confirmed optimism about Vietnam-US commerce prospects.

Six product groups enjoy over 1-billion-USD exports to US in Q1 Six product teams take pleasure in over 1-billion-USD exports to US in Q1

Six teams of merchandise posted an export income of over 1 billion USD to the US market within the first quarter of this 12 months, with the group of equipment, tools, instruments and spare elements topping with 3.98 billion USD, in response to the Basic Division of Vietnam Customs.

By Ha Vy

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