AES Vietnam president elected AmCham Hanoi chair for 2024

By Minh Anh
Thu, January 4, 2024 | 3:46 pm GMT+7

The board of the American Chamber of Commerce in Hanoi (AmCham Hanoi) has elected president of energy firm AES Vietnam, Joseph Uddo, as its new chairman for 2024.

Uddo, who succeeds John Rockhold who held the post in 2022 and 2023, will also serve as the national chairman of AmCham Vietnam this year.

Joseph Uddo, president of AES Vietnam. Photo courtesy of AES.

Joseph Uddo, president of AES Vietnam. Photo courtesy of AES.

“I look forward to working with AmCham members to further foster and deepen economic, social and business ties between Vietnam and the United States,” Uddo said.

Uddo, who has been living and working in Vietnam since 2022, is president of AES Vietnam, the largest U.S. investor in the country. AES has offices in Hanoi, Ho Chi Minh City, Binh Thuan and Quang Ninh.

Prior to moving to Vietnam, Uddo served AES Corporation as vice president of market development, managing a commercial portfolio that included developing energy resilience solutions for the U.S. government as well as various business development objectives across AES’s international businesses.

Founded in 1994, AmCham Hanoi is a non-profit organization whose primary mission is to increase trade and investment between the U.S. and Vietnam. AmCham members represent billions of dollars in foreign investment, tens of thousands of direct employees, hundreds of thousands of indirect employees, and account for significant share of Vietnam’s exports and tax revenues.

The U.S. was the 19th-largest foreign investor in Vietnam last year with committed FDI of $626.3 million, according to Vietnam’s investment ministry.

It has also been Vietnam’s biggest export market for several years, with a turnover of $96.8 billion in 2023, Vietnamese government data showed.

Comments (0)
  • Read More
Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech's Sev.en Global Investments to make Europe's largest energy investment in Vietnam

Czech-based Sev.en Global Investments, a multi-sector business, will expand its footprint to Asia, with Vietnam as a key market, the firm announced Wednesday.

Energy - Wed, December 18, 2024 | 3:43 pm GMT+7

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

Vietnam's Mekong Delta has immense opportunities for herbal-based medicine development: exec

The government should prioritize planning for designated growing areas and support product promotion to advance the development of products derived from medicinal herbs, said Pham Thi Xuan Huong, general director of OPC Pharmaceutical JSC.

Companies - Wed, December 18, 2024 | 2:15 pm GMT+7

Petrovietnam seeks WB support in offshore wind energy

Petrovietnam seeks WB support in offshore wind energy

State-owned Petrovietnam has called on the World Bank to provide support, including capital, to help with green energy projects, especially offshore wind power.

Energy - Wed, December 18, 2024 | 1:36 pm GMT+7

Masan High-Tech Materials exits its downstream business H.C. Starck

Masan High-Tech Materials exits its downstream business H.C. Starck

Vietnam's Masan High-Tech Materials on Wednesday announced the successful closing of the sale of 100% of H.C. Starck Holding (Germany) GmbH to Mitsubishi Materials Corporation Group.

Companies - Wed, December 18, 2024 | 1:24 pm GMT+7

New stock trading system KRX must come on stream in 2025: regulator

New stock trading system KRX must come on stream in 2025: regulator

The State Securities Commission (SSC) of Vietnam has demanded stock exchanges and related entities to launch the new stock trading system KRX in 2025.

Finance - Wed, December 18, 2024 | 11:40 am GMT+7

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Hong Kong-invested battery maker GPPD raises Vietnam investment to $35 mln

Singapore-incorporated GPPD Pte. Ltd., a subsidiary of Hong Kong-based Gold Peak Technology Group Limited, has increased its investment in Vietnam’s southern province of Binh Phuoc to $34.6 million.

Industries - Wed, December 18, 2024 | 11:17 am GMT+7

Vietnam interest rate unlikely to fall further: experts

Vietnam interest rate unlikely to fall further: experts

Interest rates in Vietnam are unlikely to decrease further and may even rise slightly in the near future, according to Pham The Anh, chief economist at the Vietnam Economic and Strategy Research Center (VESS).

Economy - Wed, December 18, 2024 | 10:04 am GMT+7

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Vietnam an important partner of Guangdong-Hong Kong-Macao Greater Bay area: Sunwah Group chairman

Through Hong Kong, an international financial center, Vietnamese businesses can more easily and effectively access the Guangdong-Hong Kong-Macao Greater Bay, says Sunwah Group chairman Jonathan Choi.

Economy - Wed, December 18, 2024 | 8:17 am GMT+7

Hanoi plans to start work on metro line 2 next year

Hanoi plans to start work on metro line 2 next year

Hanoi is set to start the construction of a section of its metro line 2 next year at a cost of VND35.58 trillion ($1.45 billion).

Infrastructure - Tue, December 17, 2024 | 9:15 pm GMT+7

Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy

Bamboo Capital highlights role of businesses in advancing Vietnam’s circular economy

Dr. Hoang Trung Thanh, a senior leader of Vietnam's conglomerate Bamboo Capital Group, emphasized the pivotal role of businesses in driving Vietnam’s green economy strategies during his speech at the recent Vietnam Circular Economy Forum 2024.

Bamboo Capital - Tue, December 17, 2024 | 8:15 pm GMT+7

F88 partners with MB to transform over 850 financial stores into bank transaction offices

F88 partners with MB to transform over 850 financial stores into bank transaction offices

Military Commercial Joint Stock Bank (MB) and leading consumer finance firm F88 on Monday officially signed a comprehensive cooperation agreement.

Companies - Tue, December 17, 2024 | 8:15 pm GMT+7

Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028

Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028

Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at VND145.2 trillion ($5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.

Southeast Asia - Tue, December 17, 2024 | 7:32 pm GMT+7

Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods

Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods

Saigon Co.op has stockpiled more than 12,000 tons of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.

Southeast Asia - Tue, December 17, 2024 | 7:28 pm GMT+7

Indonesia offers tax incentive to hybrid car makers

Indonesia offers tax incentive to hybrid car makers

Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.

Southeast Asia - Tue, December 17, 2024 | 7:21 pm GMT+7

Indonesia ready to establish bullion banks

Indonesia ready to establish bullion banks

Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.

Southeast Asia - Tue, December 17, 2024 | 7:19 pm GMT+7

Thailand, South Korea begin third round of Economic Partnership Agreement talks

Thailand, South Korea begin third round of Economic Partnership Agreement talks

Thailand and South Korea on Tuesday kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to the latter's Ministry of Trade, Industry and Energy.

Southeast Asia - Tue, December 17, 2024 | 7:16 pm GMT+7