Maryland opens trade, investment office in Vietnam

Published: 11/07/2009 05:00

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The US State of Maryland near Washington DC will open an office to foster trade and investment in Vietnam.

The US state’s Department of Business and Economic Development Secretary Christian S. Johansson said in a statement Friday he expects the new office will create more opportunities for trade and investment between the two countries.

“We looked very closely at Vietnam’s growing economy and are confident that having a presence there will enable us to tap into the tremendous potential for partnerships with Vietnamese companies, as well as encourage investment in Maryland,” Johansson said in the statement.

The new office, which will be run by Rockville-based Meiwah International Holdings, an importer- exporter, will be co-located in Hanoi and Ho Chi Minh City, bringing the US state’s total number of foreign offices to 13.

Maryland exported more than US$22 million in goods and services to Vietnam last year, and imported more than $65 million, according to the statement.

Source: TN, VNA

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