Dong Nai delegation successfully concluded its trip to the United States

Ms. Devry S. Boughner

Youth, gracefulness and confidence are what should be accounted of Devry S. Boughner from Cargill Vietnam whose deep impressions strongly convinced the 40 US investors of investment opportunities in Dong Nai at the delegation’s second conference held at the celebrated George Town University in Washington. Devry introduced Cargill’s investment experience in Dong Nai over the past ten years. As one of the first US businesses to invest in Vietnam after the normalization in relation between the two countries, Cargill Vietnam encountered some initial difficulties but with concerted efforts from both sides. Cargill Vietnam’s project was smoothly developed. Cargill is currently running four animal feed processing factories in Vietnam with the total investment capital of 40 million USD. After ten years of operation, these factories are setting an example of success in this field.

Also presence at the conference was Nguyen Thanh Son, Pepsi Vietnam Director General and Walter Blocker, Gannon Vietnam Chief CEO and vice chairman of the American Chamber of Commerce in Vietnam. They talked of the investment procedures they experienced, the initial challenges they encountered and the success they gained in Vietnam. They also informed US investors in response to their questions of investment procedures in Vietnam, amendment to the investment licenses, post license administrative procedures, industries with investment preferential, land leasing prices, main power for large projects and taxation policy.

In particular, the presence of Exim Bank and the US oversea investment fund for development at the conference totally convinced the US investors of investment opportunities in Dong Nai.

Dong Nai is the first province in Vietnam to send a delegation for trade and investment promotion to the US following Prime Minister Phan Van Khai’s official visit to the country three months ago. With careful preparation made by provincial administration and with experience gained from similar tours to other countries, the delegation visit to the world leading economic power had obtained great success in getting across the message that “Dong Nai has become a safe and attractive destination where investors from other countries including the US can get rich.”

(Source Dong Nai Radio and Television Station)