Vietnamese PM’s visit to US to yield large business contracts
A series of economic deals and agreements are expected to be reached between Vietnamese and American businesses during the Vietnamese Prime Minister’s six-day visit to the US, which begins June 19.
Among Vietnamese companies which are to strike contracts with US partners are military-run telecoms firm Viettel, the country’s largest rubber producer Geruco, according to the Vietnam Chamber of Commerce and Industry, or VCCI.
Companies also include the country’s second-biggest bank BIDV, construction giant Vinaconex, the largest coal manufacturer VCC, and Vietnam Railway, which holds a monopoly in the country’s rail service market, VCCI said.
Geruco is expected to sign a US$12m deal to sell rubber to two American importers, BIDV is to work with 20 large US banks and apply for a license to set up a rep office in the US, according to VCCI.
Meanwhile, Vinaconex is to open talks with US Innovative Stone to sell $1 million worth of ashlars each month, and Vietnam Railway is to work with US engineering firm Caterpillar over purchase of rail equipment.
The two governments will also sign a number of important agreements over economic, maritime and farming cooperation, VCCI says.
Mr. Khai’s visit will be the first trip to the US by a Vietnamese leader since the end of the Vietnam War 30 years ago.
Reported by Xuan Danh – Translated by Hieu Trung.
Story from Thanh Nien News
Published: 10 June, 2005, 20:56:24 (GMT+7)
Copyright Thanh Nien News
