US companies plan to invest in Vietnam’s infrastructure

The possibility of major US groups upgrading and expanding Vietnam’s infrastructure will be main subject of discussions later this week between the US-ASEAN Business Council (USABC) and the Vietnamese government.

The American delegation is made up of 22 leading US companies, led by the Council’s President Alexander Feldman and the USABC’s US-Vietnam Business Committee Chairman, Stuart Dean.

They are visiting Vietnam as the country is laying out its socio-economic development plan for the next 10 years. President Feldman said that as Vietnam has recorded an average economic growth rate of 7 percent over the past 7 years, improving the infrastructure will not only help to maintain this rate of growth, but increase it.

Stuart Dean added that as exports play an important role in the national economy, the Vietnamese business community will have more opportunities to expand with a modernised transport network.

Many US companies are preparing to help Vietnam achieve this by supplying professional skills and new technologies to help the country develop its human resources and increase its competitiveness in the global market.

Tags: Vietnam Infrastructure

Posted by VBN on Jun 14 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry