SpaceX, Netflix, Boeing to join “greatest-ever” US organization mission to Vietnam
By Francesco Guarascio
HANOI (Reuters) – SpaceX, Netflix and Boeing are amongst the organizations joining the “greatest-ever” U.S. organization mission to Vietnam subsequent week to go over investment and sales possibilities in the booming Southeast Asian nation, the organiser mentioned.
Extra than 50 organizations, which includes defence, pharmaceutical and tech firms, will participate in the mission organised by the US-ASEAN Enterprise Council, an business physique, according to a list noticed by Reuters.
The delegation is a sign of increasing interest in the worldwide manufacturing hub, which is benefiting from a shift away from China amid Sino-U.S. trade friction.
Vietnam, with a population of one hundred million men and women, also has a quickly-expanding customer industry as its middle class expands.
“This is the greatest-ever mission in Vietnam,” mentioned Vu Tu Thanh, the US-ASEAN Enterprise Council’s representative in the nation, noting that the physique had been organising these events for 3 decades.
Streaming giant Netflix, which Reuters final month reported was preparing to open an workplace in Vietnam, is amongst the organizations joining the trip. Netflix did not respond to a request for comment.
Aerospace makers Boeing, Lockheed Martin and Bell will hold meetings with state-owned Vietnamese defence procurement organizations, Thanh told Reuters, adding that it was the initially time in about a decade that safety firms had decided to join the annual mission to Vietnam.
In December, the exact same organizations held talks with Vietnamese government officials about the doable sale of helicopters and drones, as the nation seeks new suppliers and the Ukraine conflict strains the capabilities of Russia, for decades Vietnam’s key military companion.
“Helicopters is one particular of the factors the organizations hope to sell to the Vietnamese,” Thanh mentioned, even though he cautioned that defence offers took time to be completed and no quick breakthrough was anticipated.
Boeing mentioned in a statement that its discussions with officials would concentrate on its expanding partnership with Vietnam and methods to strengthen the country’s aviation and defence capabilities.
Story continues
Lockheed Martin and Bell did not respond to requests for comment.
The majority of the organizations joining the organization mission currently have a organization or manufacturing presence in Vietnam, which includes Apple, Coca-Cola and PepsiCo, Thanh mentioned, with some preparing to expand it.
Some organizations are also coming to get a much better sense of the political circumstance following current turmoil in the Communist-Celebration led nation, which includes the resignation of the president in January, Thanh added.
Participants will have meetings with Vietnam’s best political and regulatory leadership, which includes with Prime Minister Pham Minh Chinh.
Thanh mentioned some organizations have been interested in Vietnam as a manufacturing hub and in supplying solutions to increasingly wealthy buyers at a time when financial development reached additional than eight% final year.
Amongst them is SpaceX, which is seeking to sell its satellite web solutions to Vietnam and other nations in the area, Thanh mentioned. SpaceX did not respond to a request for comment.
The mission will also consist of semiconductors organizations, pharmaceutical giants Pfizer and Johnson & Johnson, health-related device maker Abbott, monetary firms Visa and Citibank, web and cloud organizations Meta and Amazon Net Solutions, the list showed.
(Reporting by Francesco Guarascio Editing by Jamie Freed)
