There have been series of cooperation contracts that are signed
between the AmCham (American Chamber of Commerce in Vietnam) members and Vietnam businessesafter
the first day that President Barack Obama visits Vietnam.
On
the trip to Vietnam of President Obama, AmCham and VCCI jointly organized the
corporate event in Hanoi. At the event, the signing of agreements between
member companies of AmCham and Vietnamese partners are took place.
In
particular, the signing of treaties on climate change and clean energy includes
7 records:
–
Memorandum of GE on the development of 1000MW of wind power: Estimated that in
2025, there will be 1,000 megawatts from wind power projects. With that
capacity, wind power will be enough to supply for 1.8 million households in
Vietnam over the next 10 years.
–
Agreement on nuclear safety training: US will help Vietnam to train the human
resources, equipped with the knowledge of nuclear procurement, design and build
factories, licensing and safety checks of nuclear reactors in the future. At
the same time, US experts will also advise about the effectiveness of this
technology as well as economic benefits when developing.
–
Memorandum of Understanding between the Vietnam Oil and Gas Group and Murph Oil
Company: Murphy has participated in oil and gas exploration in Vietnam since
2012 and currently is cooperating to exploit gas in Nam Con Son. This
memorandum will open up many opportunities for cooperation between the two
sides in oil and gas, energy joint venture, accelerating the negotiation of the
project in Tho Chu Island and many other contracts.
–
Cooperation agreement of the solar energy projects between First Solar and
Thien Tan: Thien Tan Investment and Construction Company have signed two major
contracts to purchase solar panels worth 35 million USD to serve the solar
photovoltaic plant, which has started construction since mid 2015. The plant
has a capacity of 19.2 MW with total investment of 800 billion VND and is built
on an area of 24 ha in Quang Ngai.
–
Memorandum of Biomass Minnesota Plant: Tin Thanh Electricity Company cooperates with US businesses, negotiating
the terms related to design and build of boiler biomass power. That helps
saving of 10 – 20% electricity, reducing 200,000 tons of carbon each year.
Along
with other agreements such as joint researching on lower Mekong, Memorandum of
Understanding on climate change in the Mekong Delta…
The
signing ceremony of the future investment projects includes the Memorandum of
Understanding that The Grand Ho Tram Strip develops its 2nd hotel tower;
Memorandum of Traffic Safety Program.
Accordingly,
The Grand Ho Tram Strip has signed a Memorandum of Understanding with the Cotec
Construction Joint Stock Company (CotecCons) on the expansion of The Grand Ho
Tram Strip worth 75 million USD.
The
construction of the 2nd hotel tower with 559 rooms of The Grand
Ho Tram Strip will be undertaken by CotecCons, bringing the total number of
room of The Grand Ho Tram Strip to 1,100 rooms when completed.
After
the completion of the hotel building, the actual total investment for the whole
project has reached 1 billion USD.
In
addition, in a memorandum on traffic safety program, the US will pour about 1
million USD to help Vietnam solving the challenges of traffic safety problems
such as accidents, give helmets for citizens…
In
the aviator industry, Vietjet Air (Vietnam) and Boeing (US) have signed
contract worth 11.3 billion USD in the presence of President Tran Dai Quang and
President Obama. With this contract, Vietjet Air will buy 100 Boeing 737 MAX
200 from Boeing.
Besides
the contract signed with Boeing, Vietjet Air also signed contract with United
Technologies Corp to buy engines for the aircrafts that Vietjet has signed and
ordered with aircraft suppliers. The signed contracts worth up to 3.04 billion
USD.
According
to the executive director of the US Trade Association (AmCham), the visit of
President Obama will further promote cooperation relations between the two
countries in many fields; including economy, friendship between the two
countries, security, human right, global and area issues of mutual interest.
The
timing of the trip to Vietnam of President Obama has very important meaning
because this is the time Parliament is preparing to consider ratification of
the Trans-Pacific Partnership (TPP) at the end of this year.
AmCham
believes that the TPP will bring many benefits and opportunities for companies,
investors, workers, farmers and consumers in both the US and Vietnam. When
fully deployed, the TPP will pave the way for the digital economy, strengthen
the creative industries; contributing to a fair play ground for businesses and investors.
In
addition, TPP will bring many important changes to the business environment in
Vietnam and opens up many new opportunities, helping Vietnam to speed up in the
industrialization, modernization and globalization process. This Agreement will
help the private sector to have more opportunities to reach important markets, stimulating competition, attracting
foreign investment and contributing to the construction of supply chain
infrastructure; from that creates great opportunities for Vietnam enterprises,
creating jobs and raise incomes for Vietnamese employees.
Further
information
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