US Ambassador to Viet Nam Daniel Kritenbrink is recruiting companies to join the Viet Nam business delegation for the SelectUSA Investment Summit to be held in Washington, DC from June 10-12.

The Investment Summit promotes the US as the world’s premier investment destination and connects qualified foreign firms with US economic development organisations to facilitate business investment and job creation, according to a press release from the US Consulate.

“Investing in the US is one of the best decisions that Vietnamese firms can make, especially as the country’s economy continues to rapidly expand,” said Kritenbrink.

“As firms benefit from this expansion, they should look to expand into new markets and it is only natural to consider one of Viet Nam’s largest export markets, the US,” he added.

The US is home to more foreign direct investment than any other country in the world, with a total stock of US$4 trillion at the end of 2017.

The previous five summits alone attracted thousands of international investors and economic development representatives from across the US.

The US Commercial Service offices in Ha Noi and HCM City will again organise this year’s delegation to the summit.

Early this month, the ambassador and consul general of the US officially launched the 2019 SelectUSA Summit recruitment by hosting luncheons for select local investors.

“Invest in the USA” seminars will be held by the US Mission to Viet Nam in Ha Noi and HCM City in advance of the summit.

The seminars will help attendees learn more about the SelectUSA Summit, while hearing from representatives of EDOs in the US on investment opportunities and incentives in their respective location.

Twelve total investors from a variety of industries across Viet Nam attended the 2018 Summit.

For the second year in a row, Viet Nam had the largest delegation from Southeast Asia, with delegates attending seminars covering issues affecting FDI in the US, including infrastructure, tax reform, deregulation, and advanced manufacturing.

Established in 2011, SelectUSA’s mission is to facilitate job-creating business investment into the US and raise awareness of the critical role that foreign direct investment plays in the US economy. — VNS