Vietnam, US seek ways to bolster economic, trade cooperation
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.
Nguyen Hong Duong, Vice Director of the Asia-America Department under the Ministry of Industry and Trade, addresses the forum. (Photo: MoIT)
Washington D.C (VNA) - 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.
Highlighting economic challenges that Vietnam is facing amid trade and geopolitical tensions, participants also focused on the US' policy orientations, and sought measures to adapt to the transition of the global supply chain as well as solutions to increase two-way trade and investment collaboration.
Nguyen Hong Duong, Vice Director of the Asia-America Department under the Ministry of Industry and Trade, affirmed that there is plenty of room for the two sides in both traditional and new areas such as renewable energy, manufacturing-processing, and education.
The two Governments, along with partners, will continue to discuss cooperation frameworks, including the Indo-Pacific Economic Framework for Prosperity, aiming to strengthen the bilateral economic connections and creating benefits for businesses and people of both sides, Duong said.
Vietnamese Consul General in San Francisco Hoang Anh Tuan underlined the importance of international trade and investment to the country's growth and economic development.
He said that the US is one of the leading partners of Vietnam in all cooperation pillars.
Oregon state, one of the startup hubs of the US with strength in education, can be a promising land for Vietnamese businesses, he said, expressing his belief that a sound partnership between Vietnam and the US state will open up new opportunities for enterprises of both sides.
For his part, Vince Porter, Economic Development and Workforce Advisor at the Oregon Governor Office, said that Vietnam is one of the key partners of Oregon and an important production hub of world leading firms based in Oregon such as Intel, Nike, and Columbia Sportswear.
Vietnam and Oregon boast great cooperation potential in agriculture, food and beverage, he held, affirming that Oregon will send a businesses delegation to the Vietnam Food Expo 2023 slated for November in Ho Chi Minh City.
At the event, Vietnamese and US firms in various fields sought their partnership opportunities and exchanged ideas on new business solutions./.
A seminar on building partnerships between Vietnam and the US in higher education was organised on April 25 by the US Consulate General in Ho Chi Minh City with the participation of representatives from more than 30 Vietnamese higher education institutions.
The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the American Chamber of Commerce (AmCham) in Vietnam held a workshop on April 25 to acquire businesses’ feedback on socio-economic cooperation.
Prime Minister Pham Minh Chinh called on Boeing to offer incentives to Vietnam, at his reception for Brendan Nelson, Vice President of the Boeing Company and President of Boeing International, in Hanoi on May 12.
VinFast, a subordinate automaker of private conglomerate Vingroup, announced the arrival of its second shipment of electric vehicles, consisting of 1,879 VF 8 vehicles, at the Port of Benicia in California.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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.
Nguyen Hong Duong, Vice Director of the Asia-America Department under the Ministry of Industry and Trade, addresses the forum. (Photo: MoIT) 
