U.S. Businesses Urged by Vietnam’s President to Seize Opportunities and Scale Up Investments

As part of the 80th session of the United Nations General Assembly’s High-Level General Debate, and in conjunction with bilateral activities in the United States, President Luong Cuong attended a roundtable discussion with U.S. businesses on the morning of September 23 in New York. The event was co-organized by the Business Council for International Understanding (BCIU), the U.S. Chamber of Commerce (USCC), and representatives from the U.S.-ASEAN Business Council (USABC).

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Vietnamese President Luong Cuong attended a roundtable discussion with leading U.S. businesses.

The event saw participation from leaders and representatives of top global corporations such as Vantive, Amazon, Apple, AES, Amway, Boeing, Excelerate Energy, Warburg Pincus, The Asia Group, Excel Services Corporation, Atlas Air, Meta, and The Coca-Cola Company.

During the discussion, U.S. corporate representatives announced their investment activities in Vietnam, highlighting significant potential and cooperation opportunities. They also shared insights and recommendations to further contribute to Vietnam’s development.

U.S. companies expressed admiration for Vietnam’s remarkable economic and social progress, praising its new-era development strategy. They are confident that Vietnam, with its outlined vision, will become an attractive destination for international investors and achieve future successes.

The President urged U.S. businesses to seize opportunities and expand their presence and investment in Vietnam.

Sharing common goals and priorities with Vietnam—from digital transformation and export growth to equitable development—major U.S. corporations agreed that Vietnam has strong potential to become a leading hub across multiple sectors. They reaffirmed their commitment to investment and cooperation in Vietnam.

Addressing U.S. businesses, President Luong Cuong noted that after nearly 40 years of Renovation, Vietnam has transformed from a low-efficiency economy with a per capita income of under $100 in 1986 into one of the top 32 global economies. With trade turnover among the world’s top 20, Vietnam has signed 17 new-generation Free Trade Agreements, establishing strong connections with over 60 major regional and global economies.

The President emphasized that the 30-year history of Vietnam-U.S. relations exemplifies the journey of reconciliation and trust-building between the two nations. He affirmed that economic, trade, and investment cooperation remains a cornerstone of this relationship. Bilateral trade in 2024 reached nearly $140 billion, and the successful operations of leading U.S. corporations in Vietnam underscore mutual trust and cooperation potential.

The President called on U.S. businesses to capitalize on opportunities, expand their footprint, and deepen investments in Vietnam, jointly shaping a new era of sustainable and promising cooperation. He assured that Vietnam is committed to providing optimal conditions for U.S. investors to thrive in the long term, building a shared future of prosperity and sustainability.

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