HCMC – Prime Minister Pham Minh Chinh has called on U.S. businesses to expand their investments in Vietnam, emphasizing the country’s commitment to improving its business environment and deepening trade relations.
Speaking at the 7th U.S.-Vietnam Business Summit in Hanoi on November 27, Chinh highlighted Vietnam’s efforts to establish a stable, transparent business environment that aligns with international standards. He urged U.S. companies to strengthen their presence in key sectors such as technology, energy, and logistics.
The PM also called on Washington to remove trade barriers, recognize Vietnam’s market economy status, and support integration into global supply chains under the principle of “harmonized interests and shared risks.”
Chinh encouraged U.S. firms to invest in digital transformation, renewable energy, infrastructure, and supply chain development. He also underscored the importance of technology transfer, human resource development, and collaboration in high-tech industries.
Chinh called for U.S. and Vietnamese businesses to collaborate on building resilient supply chains and pursuing large-scale investment projects. He stressed that cooperation should deliver measurable outcomes and mutual benefits for both countries.
Themed “Policies and Approaches to Ensure Mutually Beneficial Commercial Relations,” this year’s summit was co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the American Chamber of Commerce (AmCham). Discussions focused on policies for sustainable trade growth, digital economy potential, energy security, and initiatives to strengthen the comprehensive strategic partnership between Vietnam and the U.S.
The summit comes a year after Vietnam and the U.S. elevated their relationship to a comprehensive strategic partnership in September 2023.
Bilateral trade reached US$110.8 billion in 2023 and US$110.9 billion in the first 10 months of 2024. The U.S. remains Vietnam’s second-largest trading partner and a key export market, while Vietnam is the U.S.’s eighth-largest trade partner.
