Friday, July 1, 2022 11:05:56 AM - Markets open
VN-INDEX 1,181.55 -16.05/-1.34%
HNX-INDEX 271.79 -5.89/-2.12%
UPCOM-INDEX 86.99 -1.59/-1.79%
PM urges US businesses to invest in tourism and trade in Vietnam
Vietnamplus - 5/18/2022 2:29:57 PM
 (0 ratings. You must sign in to rate.)
Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco.
 
The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to US friends and partners.
 
Addressing the event, PM Chinh highlighted the development of the Vietnam-US ties, benefiting both countries and contributing to peace, cooperation and development in the world.
 
The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship.
 
In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly one-third of the total US-ASEAN trade turnover.
 
The US is Vietnam’s second largest trade partner while Vietnam is the US’ 9th largest, he noted, adding that trade between the two countries has contributed to making Vietnam one of the 20 largest import-export countries in the world.
 
The PM expected the economic cooperation between Vietnam and the US to continue flourishing, mentioning a number of priority areas for Vietnam such as capital market development, digital and energy transformation, climate change response, tourism, and trade... and suggested US companies study opportunities and advance cooperation in these fields.
 
He also sought assistance from US partners in policy consultation, capitals, human resources, infrastructure, technology, and governance.
 
In terms of tourism, the US continually in the list of Vietnam’s biggest markets. Before the pandemic, the number of tourists from the US reached more than 746,000 in 2019, with the year-on-year growth rate in the 2014-19 averaging 11 per cent, PM Chinh said.

 
Prime Minister Pham Minh Chinh (third, left) witnesses the exchange of investment cooperation agreements between businesses of the two countries (Photo: VNA) 
 
The PM said that thanks to internal efforts and the support of friends and international partners, Vietnam has put COVID-19 under control domestically and has completely reopened tourism and air routes.
 
The first major group of tourists to return to Vietnam after the official resumption of inbound and outbound tourism from March 15, 2022 was a US delegation, he noted.
 
PM called on foreign investors, including those from the US, to continue to cooperate with Vietnam in tourism in the spirit of ‘harmonised benefits, shared risks.’
 
Speaking at the event, US Ambassador to Vietnam Marc E. Knapper stressed that aviation, tourism, education, people-to-people exchanges are an important pillar in the bilateral relations.
 
He said before the pandemic, there were up to 30,000 Vietnamese students in the US and he is committed to helping roll out measures to double this figure, while at the same time, bringing more US students to study in Vietnam.
 
At the event, Vietnam Airlines has also introduced the direct flight between Vietnam and the US – with four flights a week between San Francisco and HCM City. The airline plans to increase the frequency on the route to daily flights next year, and at the same time is researching a cargo service between HCM City and Los Angeles.
 
Meanwhile, Saigontourist Group affirms that it will utilise its partner network in the US and North America to help with tourism recovery and attract tourists from these lucrative markets.
 
At the conference, Vietnamese businesses discussed with US partners potential goods and services that can be imported to Vietnam, and business investment opportunities in the US.
 
The PM, along with the US Ambassador to Vietnam and leaders of San Francisco, witnessed the exchange of MoUs between organisations and businesses of the two sides.
 
Notably, Bac Giang province, Vietnam Airlines and US partners reached a cooperation agreement on export promotion and consumption of lychee and agricultural products.
 
Vietnam’s budget carrier Vietjet and UPS, the world's leading shipping and logistics group, also reached an agreement to transport international goods through the two sides’ extensive regional and global network and logistics infrastructure./.
VNA
 
Read original article here
 
Newer News
30/06 Vietnam’s CPI up 2.44% in six months
30/06 Vietnam enjoys trade surplus of 710 million USD in six months
30/06 Radical and long-term measures needed to boost public investment disbursement
30/06 Việt Nam's GDP hits 10-year high of 7.72% in Q2
29/06 Vietnam’s GDP expands 7.72% in second quarter of 2022
29/06 Việt Nam attracts more than $14 billion of FDI in H1
29/06 Rising costs cast doubt on wood companies growth prospects
29/06 Foreign investment through M&A surges in H1
21/06 Seafood enterprises await growth opportunities
21/06 Imports from Asia rise more sharply than exports
Older News
16/05 Keeping CPI below 4 pct this year a challenge: Economist
11/05 FDI – bright spot of Việt Nam’s economy amid COVID-19
11/05 Policies needed to support steel industry development
05/05 Gov’t determined to speed up public investment disbursement
05/05 Vietnamese economy to recover fast this year: UNDP representative
04/05 Mixed profit targets for rubber businesses despite price hikes
29/04 Vietnam draws over 10.8 billion USD of FDI in four months
29/04 Vietnam’s economic recovery even stronger in Q2: Hong Kong news outlet
27/04 Over 1.28 billion USD in FDI channeled into HCM City in 4 months
23/04 Việt Nam’s pangasius exports surge in Q1
 
Newsletter Signup
Top Stories
Vietnam’s CPI up 2.44% in six months
HPG: Hoa Phat wants to invest big in two infrastructure projects
Legal framework for securities, corporate bond investment, business strengthened: SBV Governor
Steel prices cool down as input costs drop
Why the stock market sell-off when VN’s economy is strong?
Market Update
Last updated at 11:05:00 AM
VN-INDEX 1,181.55 -16.05/-1.34%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.