Chuck Kuhn's Asia in Photos: Vietnam pledges to create opportunities for US businesses

Sunday, May 11, 2008

Vietnam pledges to create opportunities for US businesses

Prime Minister Nguyen Tan Dung has promised to facilitate US businesses to conduct long-term investment in Vietnam to benefit the two countries.
The government leader confirmed Vietnam’s support at a reception Tuesday in Hanoi for a delegation of major US corporations visiting Vietnam to seek investment and business opportunities.
PM Dung praised the role of the US-ASEAN Business Council for organizing the delegation’s visit and the contributions made by US businesses in boosting bilateral ties between the two countries.
He expressed delight concerning the development in the relations between Vietnam and the US in all fields, particularly in economics with two-way trade turnover reaching close to US$13 billion in 2007.
The figure is estimated to reach $15-16 billion in 2008.
The US is currently Vietnam’s biggest trade partner and ranks sixth among countries and territories investing in the Southeast Asian country, pouring in an estimated $5 billion worth of investment capital.
The PM highlighted the need for the two countries to conduct negotiations to sign a framework agreement on investment in order to create more opportunities for American businesses to invest in Vietnam.
He expressed hope the US government will give import tax priority to Vietnamese businesses.
American business leaders pledged to work to foster commercial and investment relations between the two countries and make the US the top investor in Vietnam.
The delegation included 22 US corporations operating in industry, finance, telecommunications and healthcare such as Boeing, IBM, and General Electric, among others.

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.