Business
US giants plan big deals in Vietnam
  • | VnEconomy, dtinews.vn | September 08, 2011 12:07 PM

Several US investors such as Chevron, Boeing and Mastercard have made plans for their big investment projects in Vietnam.

US firms are greatly interested in seeking investment opportunities in Vietnam

The plans were presented at a meeting between Vietnam’s National Financial Supervisory Committee and US-ASEAN Business Council (USABC) on September 6.

USABC Chairman Alexander C. Feldman said US firms are greatly interested in seeking investment opportunities in Vietnam.

He said that he hoped Vietnam would soon work out measures to deal with its economic challenges in order to facilitate US investment in the market here.

An official from Chevron said they are cooperating with the state-owned Vietnam National Oil and Gas Group (PetroVietnam) to carry out a gas-power-fertiliser project with a total investment value of USD7 billion, USD4 billion of this coming from foreign investors including USD2 billion from Chevron.

In order to put the project into operation by 2015, Chevron and PetroVietnam are stepping up negotiations to reach an agreement on gas prices.

Once operational, the project is expected to not only increase the power supply, but will also bring in revenues amounting to USD14 billion.

In the meantime, an official from Mastercard said the company is seeking opportunities in order to tie up with Vietnamese partners in the fields of e-payment.

According to an official from Boeing, corporation will continue to provide the Government of Vietnam with more loans in order to purchase seven more aircrafts by 2015.

Boeing proposed that Vietnam join the financing initiative which was worked out in Durban, South Africa, in order to receive the first USD25 billion of the total USD50 billion for buying aircraft during the participation period.

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