Robert Besser
20 Mar 2023, 05:06 GMT+10
HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in Vietnam next week.
The 50 US companies will send representatives to discuss investment and sales opportunities in Vietnam, the organizer said.
The Americans will represent a wide range of industries, including defense, pharmaceutical and tech firms. The meetings are being sponsored by the US-ASEAN Business Council, an industry body.
As the US and other countries seek business alternatives to China, Vietnam is being seen with increasing interest as a global manufacturing hub.
Vietnam, with a population of 100 million people, is noted for its expanding middle class and accompanying consumer market.
"This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, according to Reuters.
Reuters reported in February that Netflix will soon open an office in Vietnam.
Meetings have also been scheduled between Boeing, Lockheed Martin, Bell and Vietnamese defense procurement companies. Thanh said this was the first time in some ten years that US security firms have joined the annual business and trade mission to Vietnam.
"Helicopters are one of the things the companies hope to sell to the Vietnamese," Thanh said, as quoted by Reuters.
Boeing issued a statement saying that discussions in Vietnam would revolve around strengthening the country's aviation and defense capabilities.
Also, a large number of US companies joining the business mission have business or manufacturing facilities in Vietnam, including Apple, Coca-Cola and PepsiCo, Thanh said.
Besides the planned business meetings, US business representatives will have meetings with Vietnam's top political and regulatory leadership, including Prime Minister Pham Minh Chinh.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationKATHMANDU, Nepal - For the past three days, agitated students and guardians have been protesting against the school administration at ...
LAHORE, Pakistan - On Thursday, anti-corruption officials arrested Pakistan Tehreek-e-Insaf (PTI) President Parvez Elahi near his Lahore residence. Anti-corruption staff ...
YANGON, Myanmar - Opium cultivation in military-ruled Myanmar increased 33% last year, reversing a six-year downward trend, according to a ...
NEW DELHI, India - Nepal's Prime Minister Pushpa Kamal Dahal met with Indian counterpart Narendra Modi at Hyderabad House in ...
SAGAING, Myanmar - According to a local resistance group leader in Sagaing Region's Ayadaw Township, a woman was captured and ...
DHAKA, Bangladesh - The Anti-Corruption Commission (ACC) has filed a case against 13 members of Grameen Telecom's board of directors, ...
MIAMI, Florida: Carnival Cruise Lines has said a cruise ship, the Carnival Sunshine, which sailed through rough seas off the ...
BEIJING, China: On his return to China after a three year absence, which is his company's largest production hub, Tesla ...
NEW YORK, New York - U.S. stocks surged on Friday on the debt ceiling resolution and a strong jobs report.Nonfarm ...
SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
PARIS, France: France has celebrated the groundbreaking for the first of four battery manufacturing gigafactories, which European and Asian companies ...
DUBLIN, Ireland: Ireland saw a 20.0 percent increase in people arriving from overseas in April 2023, compared to April 2022, ...