This result is due to the US’s registered capital of more than US$1.3 billion, accounting for 51.6 percent of the country’s total foreign direct investment (FDI).

Prominent among the five US projects is the construction of a US$1.29 billion hotel-entertainment complex in Ba Ria-Vung Tau province by Good Choice Inc. The project has helped the southern province lead the country in FDI attraction in the two-month period.

American Chamber of Commerce (Amcham) Executive Director Adam Sitkoff said these results show US investors’ trust in Vietnam’s investment environment.

On the sidelines of a conference to mark 20 years of foreign investment in Vietnam late last year, Sitkoff said many US companies consider Vietnam the world’s most attractive emerging market.
In the first month of entering Vietnam, US businesses such as Global Venture Inc., Pacific Development LLC and Millennium Global Solution Group (MIGS) expressed their interest in investing in several infrastructure projects, including an expressway in the Mekong Delta province of An Giang and the Van Don Economic Zone in north-eastern Quang Ninh province.

In addition to infrastructure, industry, telecommunication, tourism and services, US firms have also eyed the financial and banking sector through providing financial services or purchasing a stake in Vietnamese financial institutions.

US leading investment company Franklink Templeton has announced it will buy 49 percent of the Vietcombank Fund Management Company and another US giant Morgan Stanley recently reached to a joint-venture agreement with Hanoi-based Huong Viet Securities Company.