Vietnam Seeks Deeper Business Ties with US Amid Growing Economic Cooperation

Deputy Prime Minister Nguyen Van Thang led a delegation to a business roundtable with US companies and investors in August, reaffirming Vietnam's commitment to macroeconomic stability and institutional reform. The meeting brought together around 60 representatives from finance - banking, digital technology, cybersecurity, advanced manufacturing, healthcare, energy, aviation, and logistics, including Visa, Citigroup, Morgan Stanley, Qualcomm, Caterpillar, and Atlas Air.

Thang emphasized the importance of knowledge transfer, innovation ecosystem development, and high-quality human resource creation for US businesses investing in Vietnam. He also urged US companies to serve as a bridge for promoting balanced, sustainable, and substantive economic and trade cooperation between the two countries.

US business representatives praised Vietnam's socio-economic development, institutional reforms, and administrative simplification. They highlighted Vietnam's potential for cooperation in high technology, digital finance, renewable energy, infrastructure, and services, with several considering or advancing specific investment plans in research and development, hi-tech manufacturing, digital payment, cybersecurity, and human resource training.

US investors also made recommendations on policy stability, transparency, predictability, and consistent implementation between central and local authorities. They emphasized the importance of contract enforcement, fair dispute-resolution mechanisms, streamlined licensing procedures, and technical standards aligned with international practices.