Many US enterprises are paying heed to, while others are planning expand their investments in Vietnam in such fields as infrastructure, energy, aviation, hi-technology and farm produce export-import, said US Consul General in Ho Chi Minh City Mary Tarnowka.
HCMCity (VNA) – Many US enterprises are paying heed to, while othersare planning expand their investments in Vietnam in such fields asinfrastructure, energy, aviation, hi-technology and farm produce export-import,said US Consul General in Ho Chi Minh City Mary Tarnowka.
At a workshop in HCM City on December 20,Tarnowka said US firms highly evaluate Vietnam’ efforts in reforming institutionsand administrative procedures, thereby creating an equal playground for foreignbusinesses, including those from the US.
Walter Blocker, a representative of the USCommerce Association in Vietnam, said US enterprises are actively supportingVietnamese partners in joining deeper into the global supply chains, thus improvingtheir productivity.
As Vietnam and the US have become leading tradepartners, Vietnam should focus on updating new technologies and improving thequality of products to meet the consumption demands of both countries, henoted.
Statistics showed that two-way trade betweenVietnam and the US increased nearly three folds within the last eight years,hitting 45 billion US at present.
Meanwhile, Vice Chairman of the Ho Chi Minh City People’sCommittee Le Thanh Liem said the city hopes to welcome more US investors, makingthe US one of the leading foreign investors in the southern metropolis.
According to the official, trade value betweenHCM City and the US exceeded 8 billion USD in 2016, up 60 percent against thefigure of 2012. The US now ranks 11th among 78 countries andterritories investing in HCM City.-VNA
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Vice President of the Vietnam - US Society Bui The Giang hosted a reception in Hanoi on November 4 for a delegation from the FFI who are on a fact-finding trip to Vietnam.
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Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Participants at the workshop (Source: VNA) 
