Much more to come

Mr.Peter Ryder, CEO of Indochina Capital shares his thoughts with Vietnam Economic Times Business on relations between US and Vietnam since normalization.

Over the last 20 years, US-Vietnam relation has experienced positive and sustainable growth, quantitatively and qualitatively. On the quantitative front, the US is Vietnam’s largest trade partner with over US$30.5 billion of goods exported to the US and nearly US$5.7 billion of goods imported from the US in 2015.  In terms of FDI, the US is the 7th largest investor in Vietnam among 101 foreign countries. However, if one counts investments flowing through US subsidiaries in Singapore, Cayman Islands, BVI and other jurisdictions, the US would be within the top 3-4 largest investors.  On a qualitative basis, the two countries continue to exchange dignitaries, students, tourists, and intelligence.  With the mutual interest of maintaining regional stability, the two countries will continue to move closer together.