US investment fund plans to expand investment in Vietnam

The Harbinger Capital Partners LLC of the US is destined to expand investment in Vietnam,President of the US investment fund Philip Falcone told Prime Minister Nguyen Xuan Phuc at their meeting in Hanoi on January 12.

Prime Minister Nguyen Xuan Phuc (R) receives President of the Harbinger Capital Partners LLC Philip Falcone (Photo: VNA)

Philip Falconee said Harbinger will encourage US investors to take heed to thSoutheast Asian market aiming to enhance the two countries’ economic-trade-investment collaboration.

He said he hopes the Vietnamese government will create the best possible conditions for US businesses, including Harbinger, to run long-term and stable investment in the country.

He also briefed the Vietnamese government leader on the progress of the Ho Tram resort and tourism complex project in the southern province of Ba Ria – Vung Tau. The US$4.2 billion project, the biggest foreign-invested one in the field of tourism in Vietnam, is expected to generate about 4,000 jobs for local workers.

PM Phuc highly appreciated Harbinger’s investment activities in Vietnam over recent years, adding that Vietnam's incentive policies have helped improve the investment environment for foreign investors, including those from the US.

The cabinet leader suggested the US investment fund continue expanding investment in Vietnam and act as a bridge to connect US businesses with domestic partners.

He also asked Harbinger and other US businesses to support Vietnam in hosting the APEC Economic Leaders’ Meeting this year./.

VNF