FPP Attends Vietnam Investment Forum
"Vietnam Meets Wisconsin: An Investment Forum" was held Tuesday, April 7th inside one of FPP's projects, the Milwaukee Marriott Downtown.
A delegation from Becamex IDC Corporation led by The Honorable Lieu Van Tran, Chairman, Binh Duong Industry Authority, spoke about the various opportunities for U.S. companies in Vietnam.
"Vietnam has emerged as one of the fastest growing economies in Southeast Asia. Last year, Vietnam's GDP grew by 5.6% due to continued growth in exports and investment. Electronics manufacturing and the textile industry have continued rapid expansion. With a young, educated population, rapid urbanization, and rising income levels, Vietnam is one of the most promising markets for U.S. companies. It has been identified as one of the world's top five fastest growing technology equipment markets, and many multinational corporations are shifting investment to Vietnam.
The Trans-Pacific Partnership (TPP), a free trade deal between the United States, Canada, Vietnam and nine countries in the Asia-Pacific region, is currently under negotiation. This agreement will eliminate tariffs on goods and services and eliminate other non-tariff barriers to trade between the twelve countries involved. Vietnam's participation in the TPP provides new markets for American goods and services, improves regulations that will allow American companies to engage in increased trade with Vietnam, and promotes economic growth and development in the U.S. and Vietnam. The TPP would open a rapidly expanding consumer market to U.S. exports and investments."
Bob Kraft, FPP's Chairman and CEO, sat on the panel and briefly spoke at the conference. He, along with other attendees, were able to meet face-to-face with decision makers from Vietnam, learning about the country's economic landscape.
Click here to view all of the pictures from the event.