The capital city will create the best possible conditions for the US investors to launch their projects in the locality, Nguyen Duc Chung, Chairman of the municipal People's Committee, said.
Nguyen Duc Chung, chairman of the municipal People's Committee speaks at the event. (Photo:) zing.vn
Hanoi (VNA) ꦺ– The capital city will create the best possible conditions for the US investors to launch their projects in the locality, Nguyen Duc Chung, Chairman of the municipal People's Committee, said.
During a meeting on March 23 with more than 50 American businesses, Chung said, the city always regarded the United States as one of the most reliable trade and investment partners. However, the bilateral relationship has failed to match each other's potential.
Chung called on US companies to make further investments in a wide range of sectors including banking and finance, software development, electronics, and IT, in addition to support industries and environment protection.
Deputy Minister of Foreign Affairs Le Hoai Trung said it was the right time for two business communities to expand their cooperation. Trung added that enterprises from the two nations could supplement each other, especially Vietnamese firms who desired to receive funding and update hi-end technologies from their US counterparts that could help them gradually penetrate the global value chain.
He emphasised the importance of organising such events to facilitate bilateral cooperation between the businesses of the two nations.
Vietnam was expected by the US firms to perfect the infrastructure and improve the quality of human resources, the US Ambassador to Vietnam, Ted Osius, said at the event.
US investments in Vietnam were expected to rapidly increase due to Vietnam's potential for consumption and new business opportunities, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA).
The FIA said that many US corporations saw Vietnam as a strategic market with long-term benefits, pointing out that low labour costs was a key factor in attracting investments.
Only in 11 months last year, US businesses pumped more than 226 million USD in investments into Vietnam, ranking 14th among 57 foreign investors in the country, bizlive quoted the Ministry of Planning and Investment's statistics as saying.-VNA
The State Securities Commission (SCC) will hold an investment promotion conference themed “My Vietnam - your investment destination” in New York City, the US from July 1- 5.
Deputy Prime Minister Nguyen Xuan Phuc held a reception for a US business delegation led by US Ambassador to Singapore Kirk Wagar in Hanoi on September 9.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Nguyen Duc Chung, chairman of the municipal People's Committee speaks at the event. (Photo:) zing.vn
