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Apr 08, 2024 / 12:23

US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam

The project is expected to crystallize and showcase Vietnam's unique cultural values to the world.

CEO of US-based Rosen Partner Group Daniel Rosen expressed optimism about investment prospects in various regions of the country during a visit to Vietnam, especially in projects aimed at boosting tourism such as the construction of world-class entertainment complexes.

 Overview of the meeting. Source: VGP

The group’s leader shared the view during a meeting with Deputy Prime Minister Le Minh Khai on April 6 (local time), who is currently on a visit to the US to attend the Vietnam Senior Leadership Program (VELP) 2024 from March 30 to April 8.

At the meeting, Deputy Prime Minister Khai welcomed Rosen Partner's exploration of investment opportunities in Vietnam's real estate and tourism development sectors.

He affirmed that Vietnam always accompanies and facilitates efficient, successful, and sustainable business activities of US companies while ensuring compliance with the law.

The leader of Rosen Partner Group mentioned a recent visit to various localities in Vietnam and expressed optimism about investment prospects, particularly in projects promoting tourism such as the construction of world-class entertainment complexes.

Speaking about the project concept, Daniel Rosen stated: "This project will crystallize and showcase Vietnam's unique cultural values to the world,  keeping foreign tourists in Vietnam for longer."

The leader of the Rosen Partner Group also shared ideas for collaboration with Vietnamese partners in artificial intelligence (AI), science and technology, innovation, and more. "The more I visit different localities in Vietnam, the more I believe in the success of investing in this country," said Rosen.

 Deputy Prime Minister Le Minh Khai and CEO of Rosen Partner Group Daniel Rosen. 

The leader of Rosen Partner Group thanked the Vietnamese Government for actively improving the business environment and always supporting US companies' effective operations in Vietnam. Rosen expressed his desire and confidence in investing in Vietnam, believing that Vietnam is a very special country with the right formula for success.

Khai agreed with Rosen Partner's idea of investing in the construction of entertainment entertainment business complexes in Vietnam and suggested some areas for Rosen Partner to consider.

Further discussing Vietnam's investment attraction directions such as the semiconductor industry, artificial intelligence, innovation, digital transformation, and green transition, Khai suggested that with its position and reputation, Rosen Partner's leadership would invite large US and global enterprises to invest in Vietnam in the spirit of harmonious interests, shared difficulties, and mutual success.

According to the Foreign Investment Agency (Ministry of Planning and Investment), US enterprises have invested in over 1,340 projects in Vietnam with a total capital of over $11.8 billion, ranking 11th in terms of investment value in countries such as South Korea, Japan, China, Singapore, and Malaysia.

Last year, the two countries officially elevated their relationship to the highest level, Comprehensive Strategic Partnership, opening up many opportunities to attract FDI from the US and boost trade.

Bilateral trade between Vietnam and the US has increased by 300-fold, from $450 million in 1995 to $124 billion by the end of 2022.