Vietnam’s hosting of the APEC Economic Leaders’ Week and its economic reforms encourage global investors The president and chief executive officer of US-backed Overseas Private Investment Corporation, Ray W. Washburne, felt happy when he travelled to Vietnam last week – at the same time as US President Donald Trump’s state visit to the country – and attended the APEC Economic Leaders’ Meeting and the APEC CEO Summit organised in the central city of Danang. In Vietnam, together with CEOs of about 30 more leading US firms, Washburne met with Vietnamese leaders and partners to talk about Overseas Private Investment Corporation’s (OPIC) business plans in Vietnam, where the institution will officially provide long-term loans for American investors who have their sights set on the country. “Vietnam has changed so much, with the economy surging to become an attractive destination for foreign investors,” Washburne said. “This will offer opportunities to OPIC.” It is expected that OPIC will offer direct loans and guarantees of up to $250 million for tenors as long as 20 years. As the US government’s development finance institution, OPIC supports American businesses investing in emerging markets to address critical development challenges, from access to clean water and electricity to…