The US has been Vietnam's largest export market for the past 20 years and Vietnam has become the US's 7th largest trading partner, as well as the largest partner in the ASEAN region. The trade turnover between the two countries in 2024 will reach nearly 150 billion USD, of which Vietnam's exports to the US will be 137 billion USD (up 19% over the same period in 2023), the US's exports to Vietnam will reach over 13 billion USD (up 33%)...
The seminar was attended by leaders of the Government, ministries, and leaders of 11 large Vietnamese corporations and enterprises. On the US side, there were the US Deputy Ambassador to Vietnam, leaders of the US Business Association, and representatives of 38 large corporations and enterprises. Photo: VGP
US Deputy Ambassador to Vietnam Courtney Beale said that US businesses consider Vietnam a very important market. US businesses are willing to cooperate and support the development of Vietnam's sectors; Vietnamese businesses are also increasing investment in the US.
According to the Deputy Ambassador, the US and Vietnam have a long-standing partnership in semiconductor manufacturing; in which many businesses have assembly, testing, and packaging stages conducted in Vietnam. Vietnam is one of the important and sustainable partners in the supply chain of US businesses...
AmCham Hanoi Chairman Eric Johnson said that US President Donald Trump highly values the Comprehensive Strategic Partnership with Vietnam and the practical benefits it brings to both countries. The US side is continuing to review unfair regulations and barriers to remove.
US businesses appreciate that Vietnam is actively implementing its commitments; as well as making efforts to streamline the apparatus, restructure ministries, simplify administrative procedures, and improve the business environment to be transparent, fair, and predictable.
In particular, the most recent directive of General Secretary To Lam is to reduce at least 30% of administrative procedure processing time, reduce at least 30% of business costs, and abolish at least 30% of unnecessary business conditions.
According to the Prime Minister, the Vietnam-US bilateral relationship is developing very well, with both sides increasingly understanding and trusting each other. Photo: VGP
Speaking at the seminar, Prime Minister Pham Minh Chinh said that he has directed the Ministry of Science and Technology to urgently pilot the licensing of Starlink satellite internet. The Ministry of Construction, the Ministry of Public Security and relevant agencies will urgently work directly to encourage Fedex to invest in building warehouses and express delivery at Long Thanh airport (Dong Nai) and Chu Lai airport (Quang Nam), Gia Binh airport (Bac Ninh)...
The Vietnam-US relationship is developing very well. The two sides are increasingly understanding and trusting each other, overcoming themselves, putting aside the past, respecting differences, limiting disagreements, promoting commonalities, and looking towards the future.
The Prime Minister suggested that the US side and US businesses continue to promote relations with Vietnam in a spirit of fairness, equality and harmony, taking into account the special relationship between the two countries and Vietnam's conditions and circumstances, on the principle of harmonious benefits and shared risks.
Investment and trade cooperation has many bright spots but is not commensurate with the potential of the US and the conditions of Vietnam. The Prime Minister called on US businesses to continue researching, investing, and expanding production and business with Vietnam, commensurate with the wishes of both sides and the people of the two countries...
Vietnam is continuing to promote and prioritize growth, targeting GDP growth of 8% or more in 2025, creating momentum, force, and position for double-digit growth in the coming years. Vietnam is determined to develop rapidly but sustainably, based on science and technology, digital transformation, ensuring progress, equity, and social security, and protecting a bright, green, clean, and beautiful environment.
Regarding the business investment environment, the head of the Government said that Vietnam has many solutions to promote more balanced trade with the US, including aircraft purchase contracts, defense trade, LNG purchase and sale, agricultural and pharmaceutical trade, etc. with the US.
Vietnam is also promoting the implementation of three strategic breakthroughs in institutions, infrastructure and human resources with the spirit of open institutions, transparent infrastructure, smart governance and human resources, to facilitate, facilitate and support businesses and investors...
Vietnam continues to drastically streamline its apparatus to operate effectively and efficiently, reform administrative procedures to become increasingly simple and fast, promote the fight against corruption and negativity, eliminate the mechanism of asking and giving, reduce time, costs, inconveniences and harassment for people and businesses.
"It can be said that never before has Vietnam focused on institutional reform as much as it does now to create the most favorable conditions for people and businesses...", said the Prime Minister.
The Prime Minister hopes that FDI enterprises in general and US enterprises in particular will contribute to promoting the relationship between the two countries, towards the 30th anniversary of the normalization of Vietnam-US relations and towards a new phase of cooperation... Photo: VGP
The Prime Minister suggested that US businesses increase high-quality investment, especially in technology transfer, high-quality human resource training, cooperation in science and technology, innovation, and emerging industries such as big data, cloud computing, artificial intelligence, optoelectronics, the Internet of Things, and biomedical industry.
The Prime Minister hopes that American businesses will consider Vietnam as a long-term investment base, with a 50-year, 100-year vision.
The Prime Minister hopes that American businesses will have a say in asking the US government to remove Vietnam from the list of countries with restrictions on high-tech exports and recognize Vietnam as a market economy.
The US Trade Representative is seeking opinions on Vietnam's trade policy. The Prime Minister asked US businesses to contribute objective opinions based on their actual operations, reflecting the truth about Vietnam's increasingly improving business environment.
Vietnamnet.vn
Comment (0)