Vietnam, West Virginia bolster bilateral cooperation
Representatives from the Vietnamese Ministry of Industry and Trade (MoIT) and the US state of West Virginia signed a memorandum of understanding (MoU) on February 25 to accelerate cooperation in economy, trade, and energy.
The MoU was signed online on February 25 (Photo: VNA)
Hanoi (VNA)⭕ - Representatives from the Vietnamese Ministryof Industry and Trade (MoIT) and the US state of West Virginia signed a memorandumof understanding (MoU) on February 25 to accelerate cooperation in economy, trade,and energy.
The two sides aim to form a comprehensive cooperationframework to facilitate bilateral trade and investment ties in industry and energy,while increasing the exchange of information on business opportunities and supportingcooperation projects and the operations of businesses of both sides. Addressing the signing ceremony, Minister ofIndustry and Trade Tran Tuan Anh highlighted the special Vietnam-US partnershipwhile lauding the role and effort of Congresswoman Carol Miller and Governor JimJustice of West Virginia in promoting the US’s economic and trade ties with Vietnamin the US Congress and Government. This is a suitable time for the two sides to boostthe partnership intensively, to speed up economic recovery and cope with the COVID-19 pandemic,Anh said, stressing that the US is an important and long-term partner of Vietnamin the field of energy. He described it as an important foundation for the strengtheningof cooperation in specific areas in the long term.
An overview of the ceremony (Photo: VNA)
According to Vietnamese Ambassador to the US Ha Kim Ngoc,Vietnam-US relations have seen strong progress in all fields since the comprehensivepartnership was set up in 2013. For her part, Miller expressed her hope offurther boosting bilateral cooperation in industry and trade, especially energy. Vietnam and the US have seen continuous growth in bilateraltrade and investment relations over the years. Two-way trade exceeded 90 billionUSD for the first time last year and the figure is expected to reach 100 billionUSD this year. The two nations have designed an action plan featuring arange of specific solutions, towards a harmonious and sustainable trade relationship./.
The foreign ministers of Vietnam and the US have pledged to enhance cooperation between the two countries on the basis of respecting independence, sovereignty, territorial integrity and political regime of each other.
Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, has held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.
The US supports a strong, independent and prosperous Vietnam that plays an increasingly important role in the region, contributing to peace, stability, cooperation and development in the region and the world, said US National Security Advisor Robert O’Brien.
The US Trade Representative (USTR), in its report released on January 15 on findings in the Section 301 investigation of Vietnam’s acts, policies, and practices related to currency valuation, did not mention or recommend the imposition of tariff or any sanction measures on Vietnam’s exports, the Ministry of Industry and Trade said on January 16.
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.
The MoU was signed online on February 25 (Photo: VNA) 
An overview of the ceremony (Photo: VNA) 
