to do business and invest in Vietnam , protecting and enforcing intellectual property and bringing its labor law in line with Vietnam ’ s international commitments . Both sides should promote bilateral trade and create favorable conditions for businesses , particularly through the effective use of the Trade and Investment Framework Agreement to address issues in the U . S . -Vietnam relations in a constructive manner .
I would like to call on American businesses to explore the Vietnamese markets for opportunities to cooperate and invest in Vietnamese companies . The U . S currently ranks no . 8 on the list of foreign investors with investment projects in Vietnam . American businesses can invest in Vietnam in a multitude of sectors including manufacturing , which covers supporting industries , high technology , infrastructure development , environment , agriculture , forestry , fishery and food processing , renewable energy , information technologies , bio pharmaceuticals , construction , hightech services , finance and banking . When American businesses invest in Vietnam , with the ratio of local content above 40 %, they will gain access to the immense and dynamic ASEAN market with further access to many more markets through FTAs that Vietnam is participating in . There are so many fields of cooperation that both sides should realize such as defense ties , security and intelligence , science and technology , space and innovation , people to people exchange and more .
52 iF Magazine | March 2018