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INTRODUCTION


Economic reforms have dramatically transformed Vietnam from one of the world's poorest countries 25 years ago, to a lower middle-income country today. The country has had an average annual GDP growth rate of 6.9% since 1990 and continues to rank as one of the fastest growing Asian economies. The World Bank estimates that Vietnam, with the right economic reforms and macroeconomic variables, will see its average income more than double to USD 7,000 in 15 years.


The country is at a turning point of reform and development. For foreign investors and enterprises, significant opportunities await, such as the recent conclusion of a Free Trade Agreement between Hong Kong and ASEAN, the latest development of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the country's strategic supply-chain location, and China's Belt & Road Initiative. However, tough challenges remain, such as the country's weak private property and environmental protections and lack of governmental transparency. 


AmCham has had ongoing constructive dialogue with relevant government officials and agencies concerning Vietnam's economic development. In 2013, AmCham led a high-level delegation to Hanoi and Ho Chi Minh City and met with senior government officials on issues on economic restructuring, Trans-Pacific Partnership (TPP), infrastructure developments and other industry-specific topics including labor and sustainability. 

THE 2018 DELEGATION


Five years later, AmCham is planning a delegation to Vietnam to obtain the latest on investment environment and opportunities, as well as to look into specific trade policies:

 

  1. Overview of Vietnam's latest policies and incentives related to trade and investment
  2. Opportunities arising from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Belt & Road
  3. Compliance issues related to Foreign Direct Investment (FDI) including transparency of arbitration process and approval of investment licenses;
  4. Infrastructure and electricity that supports investment – latest status on the development of high speed rail, highway and port that connect to Haifeng County of China
  5. The current status of Industrial Parks and Mills development, wage and labor issues 


Overall objectives:

  • To understand more about the investment opportunities in view of Vietnam's infrastructure development plans and the evolving global trade policies
  • To represent the U.S. & international business community (banking, apparel & footwear, infrastructure and transportation, and service industries) in conveying the messages with a collective aim to support Vietnam's economic development and maintain the country's competitiveness

You may also be interested in...

  • Ahead of this delegation, AmCham has invited speakers to share insight on opportunities in Vietnam and first-hand experience in how to mitigate and cope with challenges (May 16)
  • Click here for event details

Location

Ho Chi Minh City
Vietnam

See route

Contact us

For additional event or venue information, please email dchan@amcham.org.hkYou can also reach us at +852 25306917