© Reuters. FILE PHOTO: Folks stroll behind Meta Platforms emblem throughout a convention in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas//File Picture
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By Francesco Guarascio
HANOI (Reuters) – A big U.S. enterprise delegation, together with Meta, Boeing (NYSE:) and wind vitality agency GE Vernova, is visiting Vietnam this week in an indication of continued company curiosity within the Southeast Asian nation after Washington upgraded ties final yr. About 50 firms will take part, in keeping with organiser US-ASEAN Enterprise Council, which final yr introduced a enterprise delegation of comparable measurement to Vietnam.
Conglomerate Koch Industries, security requirements agency UL Options, insurance coverage group Chubb, gaming firm Roblox, climate forecasts supplier ATMO and vitality agency AES (NYSE:) are additionally participating.
Many of those firms are already lively in Vietnam.
Meta’s Fb (NASDAQ:) has over 60 million customers in the nation, making it considered one of its largest markets globally.
Boeing signed a preliminary cope with nationwide service Vietnam Airways final yr for the sale of fifty of its 737 planes.
U.S. President Joe Biden upgraded relations with Vietnam final yr and pushed for elevated cooperation within the semiconductor business. The organisers stated, nonetheless, that no semiconductor corporations are scheduled to affix this week’s enterprise delegation.
The enterprise mission will maintain conferences with native authorities from Tuesday to Thursday. On Monday, a smaller delegation of safety corporations plans to debate attainable enterprise alternatives with representatives from Vietnam’s ministries of defence and police, in keeping with the organisers.