Vietnamese Businesses Seize Opportunities in the US
Vietnamese Businesses Embrace American Opportunities
From May 11 to 14, 2025, the SelectUSA Investment Summit in the United States witnessed an impressive turnout from Vietnam. With over 130 delegates representing more than 100 businesses across various sectors, the Vietnamese delegation became one of the three largest international business delegations at the event.
SelectUSA 2025 Investment Summit in the US Attracts Numerous Businesses and Representatives from Major Organizations
This event not only provided Vietnamese businesses with an opportunity to access the American market but also served as a platform for them to showcase their integration aspirations and expand their influence in the global value chain. The Vietnamese presence at the SelectUSA Investment Summit was more prominent than ever before.
During the summit, Vietnamese enterprises actively participated in investment-focused discussions and networking sessions, particularly the two plenary sessions themed “Innovation and Industry” and “Investing in America’s Strengths.” Through these engagements, they not only grasped new investment trends but also forged strategic connections with economic development agencies from various American states.
Vietnam’s Deputy Minister of Finance, Cao Anh Tuan, Engaging in Discussions on the Sidelines of the Investment Summit
On the sidelines of the summit, Vietnam’s Deputy Minister of Finance, Cao Anh Tuan, affirmed: “The Ministry of Finance’s participation in the 2025 SelectUSA Investment Summit, along with a series of bilateral engagements with American partners in the coming days, demonstrates Vietnam’s strong commitment to promoting bilateral investment and trade cooperation with the United States—a comprehensive strategic partner and a leading global economy.” Through the summit, Vietnamese businesses also gained opportunities to explore investment collaborations, especially in the fields of science and technology, digital transformation, energy industry, port and aviation infrastructure development, and processing industries—areas in which the United States has numerous advantages in cooperating with Vietnam.
Notably, the “Meet & Greet” event organized by the SelectUSA between the two plenary sessions facilitated direct exchanges between Vietnamese businesses and representatives of the US government. Mr. Ashok Pinto, Executive Director of SelectUSA 2025, conveyed gratitude and appreciation on behalf of President Donal Trump and the US Secretary of Commerce, commending the determination of the Vietnamese business community.
Mr. Pinto emphasized that the United States is always ready to support Vietnamese businesses in market research, relationship building, and long-term investment. “We not only welcome you but also aim to collaborate to create success stories together in the future,” he added.
Collaborating for a Sustainable Future
Alongside the official summit activities, the Ministry of Finance of Vietnam, in collaboration with the US Department of Commerce, the embassies of both countries, organized a sideline event titled “Connect with Vietnam: Cooperate – Share – Develop” in Washington, D.C., which gathered numerous investors, government representatives, and businesses from both nations.
Vietnamese Ambassador to the US, Nguyen Quoc Dung
Nguyen Quoc Dung, Vietnamese Ambassador to the United States, remarked that the unprecedented scale of the Vietnamese business delegation indicated their interest not only in attracting investments but also in seeking investment opportunities in the world’s leading economy—the United States.
“This clearly demonstrates the development of the comprehensive strategic partnership between the two countries and the dynamism and adaptability of businesses on both sides,” Ambassador Dung added. “Through this event, Vietnamese businesses gained valuable insights to explore investment and business opportunities in the US, thereby contributing to a more balanced and sustainable Vietnam-US relationship.”
Diane Farrell, Deputy Under Secretary for International Trade
Representing the United States, Diane Farrell, Deputy Under Secretary for International Trade, affirmed that the US has always been an ideal destination for foreign investors.
“We focus on industries with the greatest potential and advantages for each country to create jobs. US agencies are ready to support Vietnamese businesses in exploring investment opportunities in the US,” said Ms. Farrell.
Speech by Deputy Minister Cao Anh Tuan
In his speech, Deputy Minister Cao Anh Tuan mentioned the efficient economic cooperation between Vietnam and the United States, setting an exemplary model for mutually beneficial collaboration.
Deputy Minister Tuan added that the Vietnamese delegation comprised state-owned and private enterprises from various sectors, including information technology, energy, industrial production, agriculture, furniture, tourism services, and training.
“We hope that the US government, federal agencies, states/counties/districts, associations, and businesses will facilitate and support Vietnamese enterprises to invest and operate effectively in the US,” he expressed. “The coming period will be a golden time for Vietnamese businesses to explore new investment opportunities and expand their presence in the US, thereby accessing the promising American consumer market and the global market. In this new context, I expect US businesses, with their strengths in capital, reputation, management expertise, specialists, and high-quality human resources, to cooperate with Vietnamese enterprises in trending fields such as high technology, startups, innovation, electric vehicles, energy, finance and banking, education and training, tourism, and high-efficiency agriculture. Simultaneously, Vietnam will become a central and crucial link in the regional and global value chains of American businesses.”
Remarks by US Ambassador Marc Knapper at the Conference
The working trip also facilitated significant encounters between the Vietnamese Ministry of Finance and prominent organizations such as the US International Development Finance Corporation (DFC). The SelectUSA 2025 Investment Summit not only fostered discussions but also paved the way for concrete cooperation opportunities. The Vietnamese delegation held bilateral meetings with giants like Intel and Meta, as well as major American financial institutions. One crucial agenda item was accelerating the signing of the Double Taxation Agreement to establish a robust legal framework for businesses from both countries.
According to data from the Foreign Investment Agency, as of April 2025, Vietnam had 252 projects in the US with a total investment of 1.36 billion USD, spanning sectors such as science and technology, real estate, and processing industries. Notable investors include PVEP, FPT, Vietcombank, T&T Group, and An Phat.
On May 13, in Hanoi, Prime Minister Pham Minh Chinh met with representatives of the American business community investing and operating in Vietnam. This meeting aimed to address challenges and propose solutions to promote investment and business cooperation between the two countries. The Prime Minister emphasized the importance of building a fair, sustainable, and mutually beneficial bilateral trade agreement. The Government requested the support and active participation of American businesses in the negotiation process to achieve this agreement. Prime Minister Chinh pledged that the Vietnamese Government would continue to improve the investment environment and facilitate American businesses to operate effectively in Vietnam. The American business community appreciated the Vietnamese Government’s goodwill and efforts in promoting bilateral economic relations. They expressed their desire to expand investments and forge long-term cooperation in Vietnam. This encounter demonstrated the Vietnamese Government’s regard for the American business community and reaffirmed the commitment to strengthen the comprehensive strategic partnership between the two countries.
Crafting a Compelling Copy: “Empowering Vietnamese Enterprises: Navigating the American Marketplace”
“Industry leaders from prominent businesses and corporations are gearing up for an eventful period ahead. From now until June, they plan to actively engage and collaborate with American partners to bring signed agreements and memorandums to life. This proactive approach underscores their commitment to fostering meaningful relationships and turning visions into tangible outcomes.”
Spending Spree: Vietnam Spends $5.6 Billion on US Imports in Four Months
In the first four months of this year, Vietnam spent approximately $5.6 billion on imports from the United States, marking a significant 25.8% increase compared to the same period last year. Notably, this includes a substantial rise in the import of high-tech equipment and raw materials, indicating Vietnam’s proactive efforts to boost imports from the US and strive for a harmonious trade balance.
“Vietnam Seeks to Purchase Large Quantities of Goods from the US: Minister of Industry and Trade”
“Vietnam is poised to be a significant buyer of American goods, equipment, and services, emphasized Minister of Industry and Trade Nguyen Hong Dien. The country’s demand for these imports is substantial, consistent, and of high value.”
Fostering Fair and Sustainable Economic Ties: Vietnam’s Vision for US-Vietnam Relations
Vietnam aims to convey a message of determination to foster bilateral economic and trade relations in a fair, mutually beneficial, and sustainable manner. This is set against a backdrop of profound shifts in global trade policies and environments.
“Vietnam and Cambodia Unite to Boost Bilateral Trade to $20 Billion”
The two ministers, Nguyen Hong Dien and Cham Nimul, emphasized the significance of economic and trade cooperation, deeming it a pivotal aspect of strengthening ties between Vietnam and Cambodia. They agreed to set an ambitious target of increasing bilateral trade to 20 billion USD in the coming years.
