Investment projects by US companies have been instrumental to the development of Vietnam, helping local firms further integrate into global supply chains, said VCCI Chairman Vu Tien Loc.
The US Chamber of Commerce (AmCham) will emphasize that trusted partners prosper together at an annual US-Vietnam Business Summit later this week.
An expert suggested local authorities take the pro-active approach to review and streamline the approval process for foreign-invested projects in order to attract the next FDI wave.
Accelerating the implementation of e-government and digital transformation will lure more investment into Vietnam.
88% of the companies praised the Vietnamese government’s effective communication of health and safety updates.
Of member companies that are able to estimate the impact, 70% say the coronavirus is expected to reduce their revenue by 10% or less this year.
Promoting a fair, transparent, predictable, and streamlined regulatory ecosystem that values innovation will help Vietnam continue to attract high-quality investment.