Since 1971, the Overseas Private Investment Corporation (OPIC) has helped American businesses invest in emerging markets. This small US government agency aims to help manage the risks associated with foreign direct investment by providing qualified businesses with financing and political risk insurance. OPIC also partners with private equity fund managers. Over the years, AmCham members have complained that OPIC’s offerings often don’t suit their needs in the Vietnamese market. To address the calls for change, President Trump signed the Better Utilization of Investments Leading to Development (BUILD) Act into law six months ago which aims to reform and strengthen US development finance capabilities by creating a new federal agency called the US International Development Finance Corporation (USDFC). The USDFC will bring together the capabilities of OPIC and USAID’s Development Credit Authority, while also introducing new products for markets like Vietnam.
AmCham members are invited to participate in a roundtable discussion on the morning of April 2 with Eric Jones, OPIC Chief of Staff, to discuss the investment climate in Vietnam and upcoming changes in US development finance programs.
About the guest speaker:
Eric Jones is the Chief of Staff at the Overseas Private Investment Corporation. He serves as an adviser to the agency’s President and Chief Executive Officer, providing guidance and leadership on strategy, operations, and policy matters. He previously served as a Senior Advisor to the Office of the President and CEO at OPIC with a focus on the Indo-Pacific Region, and joined the agency from the US Small Business Administration where he was the Deputy Chief of Staff. Prior to his current appointment, Jones held various executive positions in the entertainment industry with Fox, Warner Bros., and Disney where he focused on strategy, business development, and new technologies. He started his career in investment banking at Morgan Stanley. Jones was a Larry Wolfen Entrepreneurial Spirit Award recipient while earning his MBA at UCLA Anderson and graduated cum laude with a BA in Economics from Cornell University where he was a member of Quill and Dagger.
EVENT: A New Era in US Development Finance
DATE: Tuesday, April 2
TIME: 8:30am – 10:00am
PLACE: Sofitel Legend Metropole Hanoi, 15 Ngo Quyen Street
There is no more space available at this meeting. If you haven’t already registered, please do not come. We have a number of other interesting AmCham activities coming up. We hope to see you soon.