ASEAN KEY DESTINATIONS
U.S. Companies Explore Opportunities with New Vietnam Leadership
(Hanoi) – The US-ASEAN Business Council commenced its annual business mission to Vietnam this week, bringing senior executives from 37 leading U.S companies to engage with the new Government of Vietnam.
The three-day mission is focused on establishing new working relationships between leading U.S. companies and the newly-elected leadership of Vietnam to advance US-Vietnam business relations. The mission is co-led by Karan Bhatia, Vice President for Global Government Affairs & Policy of Council Vietnam Committee Chair GE, Alexander Feldman, President and CEO of the US-ASEAN Business Council, and Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council.
“On the heels of President Obama’s May visit to Hanoi and Ho Chi Minh City, the US-Vietnam bilateral relationship has reached an all-time high,” said Alexander Feldman. “Government, business, and people to people ties are growing and the strong showing of our delegation this year exemplifies the growing interest and investment of the American business community.”
"U.S. companies are excited by the opportunities that Vietnam offers," said Karan Bhatia, Vice President of GE. "The Vietnamese leadership's commitment to further economic reform is encouraging, particularly the country's participation in TPP, which we hope will soon be ratified and fully implemented by Vietnam. We also look forward to supporting Vietnam as it prepares to host APEC in 2017."
“The American business community is a valuable and reliable partner that is dedicated to the growth of Vietnam,” said Ambassador Michael Michalak. “U.S. companies have made substantial, long-term commitments to Vietnam and we look forward to continuing to build on our engagement here.”
Companies participating in the delegation include Abbot Laboratories, AES, Amazon Web Services, Apple, Bay Global Strategies, Boeing, Booz Allen Hamilton, Cargill, Coca-Cola, ConocoPhillips, Dow, Elanco, ExxonMobil, Facebook, Ford, General Electric, GlaxoSmithKline, Herbalife, Honeywell, HP Inc, Intel, MasterCard, Mead Johnson Nutrition, MSD, Metlife, Monsanto, Nike, Suntory PepsiCo, Philip Morris, Proctor & Gamble, Qualcomm, Raytheon, UPS, Visa, VSE Corporation, Westinghouse, and Zoetis.
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Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.