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U.S. Companies Sign Agreements With Vietnamese Counterparts

As part of an official visit to the United States by Vietnamese Prime Minister Nguyen Tan Dung, several U.S. companies have signed trade contracts and other agreements that represent expanded access for U.S. companies to Vietnam's market. "American companies offer the products and services that will help Vietnam meet the demands of its rapidly developing economy, while supporting American growth and job creation," says U.S. Commerce Secretary Carlos M. Gutierrez. "These are important investments that will improve Vietnamese productivity and add to the growing economic partnership between our two countries." Among the deals: New York-based Alcoa and Vietnam National Coal-Mineral Industries Group signed a Cooperation Agreement on Aluminum Industry Development; Motorola, headquartered in Illinois, and Vietnam Posts and Telecommunications Group signed contracts worth $28 million for the expansion of a GSM network across 12 Vietnamese provinces; Texas-headquartered Sabre Holdings and Vietnam Airlines Corporation signed a definitive memorandum of understanding for the purchase of an Internet-booking engine and e-commerce solution for passenger services.

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