General Secretary To Lam welcomed the US-ASEAN Business Council (USABC) delegation on their working visit to Vietnam, which coincided with the 30th anniversary of diplomatic relations and the 2nd anniversary of the upgraded ties between the two countries.

The General Secretary highly appreciated the role and practical contributions of the US business community in general and USABC in particular in promoting cooperation, investment, and business between Vietnam and the United States.

*General Secretary To Lam meeting with the US-ASEAN Business Council. Source: TTXVN*

Vietnam considers the US a strategically important partner, and economic, trade, and investment cooperation, as well as science and technology, continue to be the foundation and driving force for bilateral relations. Vietnam wishes to further develop the Comprehensive Strategic Partnership with the US in a practical and intensive manner, including promoting stable economic, trade, and investment cooperation for the benefit of the people and businesses of both countries.

The General Secretary emphasized that the development of Vietnam-US relations has a positive impact on the US’s relations with ASEAN. He suggested that USABC accompany ASEAN countries in promoting solidarity, cooperation, development, and prosperity in the region, which is a large market with great potential and offers opportunities for businesses, including those from the US.

To achieve the country’s two strategic goals: the 100th anniversary of the Communist Party of Vietnam (by 2030) and the 100th anniversary of the establishment of the Democratic Republic of Vietnam (by 2045), Vietnam is actively implementing synchronous reforms and improving its institutions, infrastructure, and governance while streamlining administrative procedures to facilitate foreign businesses, including US companies, to invest and operate effectively in Vietnam.

The General Secretary highlighted the importance of science and technology for Vietnam’s development and requested that US businesses continue to pay attention to, strengthen, and expand their investments in the country, especially in areas where the US has strengths and Vietnam has demands, such as emerging technologies, the digital economy, green transition, renewable energy, and logistics.

The Chairman and CEO of USABC, Ted Osius, and representatives of US businesses congratulated Vietnam on its socio-economic development achievements in recent years. Mr. Osius and the corporate leaders affirmed their efforts to contribute to the development of Vietnam-US relations and expressed their appreciation for the close guidance of Vietnam’s leaders.

He believed that under the leadership and strategic vision of General Secretary To Lam and other Vietnamese leaders, Vietnam would achieve its development goals. USABC will continue to support and accompany Vietnam in achieving its development goals in the new era.

Tran Thuong

*19:31 18/03/2025*

You may also like

The US’s Top Businesses in Vietnam: Investment and Collaboration Opportunities

A record number of American businesses are heading to Vietnam, demonstrating a commitment to fostering a stable and mutually beneficial trade relationship. In the field of artificial intelligence (AI), the focal point of collaboration between enterprises from both countries is to create the largest database ever, with the aim of building a truly Vietnamese AI model.

Streamlining Red Tape: The Prime Minister’s Pledge for Limitless Reform

Prime Minister Pham Minh Chinh concluded the meeting of the Steering Committee for Science, Technology, and Innovation, Digital Transformation, and Scheme 06, emphasizing the need to accelerate national digitalization and develop a comprehensive digital citizen. He instructed an unlimited drive to cut and simplify administrative procedures, urging to do as much as possible. The Prime Minister also called for a decisive shift in mindset, from passively receiving and processing administrative procedures to proactively serving the people and businesses.

How to Leverage the Power of Rare Earth Elements?

Dr. Ha Ton Vinh, a Senior Advisor to the World Bank, asserts that Vietnam holds a strategic advantage in rare earth resources, which could serve as a bargaining chip in negotiations pertaining to tariff and trade disputes.

DHL: Vietnam to Join the World’s Fastest-Growing Trade Group Soon

Vietnam is projected to have a compound annual growth rate (CAGR) of 6.5% in the period 2024-2029, outpacing the 6.2% growth rate recorded in the previous period of 2019-2024.

U.S.-Vietnam Relations: Trade Agreements Worth $90.3 Billion Signed

The total value of economic and trade agreements between Vietnamese and American businesses, expected to be implemented in the phase from 2025 onwards, amounts to a staggering $90.3 billion. This will create hundreds of thousands of jobs for workers in both countries, opening up a world of opportunities and strengthening the economic ties between Vietnam and the United States.