U.S. invests US$11.1 billion in Vietnam

The U.S. is the seventh largest foreign investor in Vietnam with total registered capital topping US$11.1 billion since 1988, reported the Ministry of Planning and Investment yesterday.

American largest scale project is Ho Tram with a total capital of US$4.2 billion in the southern province of Ba Ria-Vung Tau. Besides, Intel Company has invested in a US$1 billion chipset plant in Ho Chi Minh City.

Twenty years after two sides normalized diplomatic relations, the U.S. has become one of Vietnam’s biggest trade and investment partners.

Foreign direct investment capital from the U.S. to Vietnam reached US$71 million last year and approximated US$73 million in the first half this year.

As many as 995 American investors have been present in Vietnam’s capital market. However, U.S. indirect investment in Vietnam has been limited compared to the potential of American investors and the capital absorption capacity of Vietnam.

By Anh Thu – Translated by Hai Mien

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