Vietnam’s ‘Tiger Cub’ economy offers opportunities to American investors: US think-tank

When taking the position as one of the 14 founding members of the Indo-Pacific Economic Framework for Prosperity (IPEF) launched by US President Joe Biden in May 2022, Vietnam has shown the world its ambitions to pursue beyond mere economic gains like wider market access and reduced tariffs.

Through IPEF and other economic frameworks, Vietnam hopes to build a prosperous, sustainable economy that brings wealth and well-being for people in the region and beyond.

Vietnamese President Vo Van Thuong has put forth three major orientations for the effective implementation of the Indo-Pacific Economic Framework for Prosperity (IPEF) while delivering a speech at a meeting of leaders of IPEF partner nations.

Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto on May 23 held online talks with Australian Minister for Trade and Tourism Don Farrell to discuss the supply chain in the Indo-Pacific nations.

Representatives of about 200 Vietnamese and US firms attended a Vietnam-US business forum held in Oregon state on May 18 to discuss potential areas for bilateral cooperation in economic and trade.

Economic diplomacy should maintain and create more economic cooperation frameworks, including investment and trade agreements, between Vietnam and the US, Vietnamese Ambassador to the US Nguyen Quoc Dung has said.

Vietnam always considers the US one of the top important partners, National Assembly Chairman Vuong Dinh Hue told a delegation of members of the US Congress led by Senator Jeff Merkley during a reception in Hanoi on April 8.

The discussion of the Indo-Pacific Economic Framework for Prosperity (IPEF) should aim at a framework that brings practical benefits to the people, stated Prime Minister Pham Minh Chinh at the launch ceremony of the IPEF on May 23.