Vietnam remains attractive destination for US businesses

Mr. Alex Tatsis (Photo: congthuong.vn)

So said Mr. Alex Tatsis, Head of Economic Department, US Consulate General in Ho Chi Minh City.

According to Mr. Alex Tatsis, Ho Chi Minh is gradually reopening safely. The city’s speed of vaccine coverage is also very impressive. Many production facilities have also returned to normal operations, and US businesses are accelerating the return to full production.

Regarding the city’s policy to support US businesses during the difficult time of the 4th wave of pandemic, he  said that the US business community highly values the relationship with the city authority.

He added that during the past time, the US business community has always been in close dialogue with the city authority. The open and frank exchanges between the two sides have helped build trust and a partnership to overcome the pandemic together. “I think this trust and partnership will continue to grow, as US businesses see themselves as partners with the city in long-term economic growth and development,” he said.

He noted that American businesses have played a significant role in the city's economic development over the years. They have invested billions of USD in the city, making Ho Chi Minh City a link in the global supply chain and creating many high-quality jobs. “We see US businesses are still interested in investing or expanding production in the city, including in the high-tech sector,” he said. “We also see that US businesses are very interested in areas such as clean energy, healthcare, and smart city technology.”

He also acknowledged that US investors have been investing in the education sector in the city, typically Fulbright University Vietnam and the plan to build this university's headquarters in Saigon Hi-Tech Park. The above investments will help Ho Chi Minh City build a globally competitive workforce that can meet the manpower needs of US investors, and will also help the city develop a high-tech and knowledge-based economy./.