US companies pin hopes on Vietnam


The US counts Vietnam as an important investment spot in Asean. Michael Michalak, Senior Vice President and Regional Marketing Director of the US-Asean Business Council said even if the TPP falls through, “Vietnam remains an attractive investment destination for Americans”.

The Council was on tour with senior leaders from Fortune 500 companies. Alan Willits, Chairman, Cargill Asia Pacific, said Cargill will open its 12th feedmill in Vietnam next year, while Ian Pinner, President of Archer Daniels Midland’s Southeast Asia, Australia, New Zealand, and Global Destination Marketing Department, said ADM will continue expanding its business in Vietnam by not only trading but also investing in production and processing of products.


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