President Luong Cuong attended a roundtable discussion with U.S. businesses. Photo: TTXVN
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As part of the program to attend the 80th General Debate of the United Nations General Assembly (UNGA) and bilateral activities in the United States, President Luong Cuong participated in a roundtable discussion with U.S. businesses on September 23rd 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).
The discussion featured leaders and representatives from leading 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 session, representatives from U.S. corporations shared updates on their investment activities in Vietnam, highlighting significant potential and cooperation opportunities. They also shared experiences and recommendations to further contribute to Vietnam’s development.
U.S. corporations expressed admiration for Vietnam’s remarkable economic and social progress, praising its new-era development strategy. They are confident that with the outlined directions, Vietnam will become an attractive destination for international investors and achieve greater success in the future.
Sharing common goals and priorities with Vietnam—from promoting digitalization and increasing exports to ensuring equitable development—major U.S. corporations agreed that Vietnam has strong potential to become a leading destination for development across multiple sectors. They reaffirmed their commitment to investment and cooperation in Vietnam.
The President urged U.S. businesses to seize opportunities and expand their presence and investment in Vietnam. Photo: TTXVN
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Addressing U.S. businesses, President Luong Cuong noted that after nearly 40 years of Renovation, Vietnam has transformed from an inefficient economy with a per capita income of less than $100 in 1986 into one of the top 32 economies globally. Its trade turnover ranks among the world’s top 20, and it has signed 17 new-generation Free Trade Agreements, creating a robust network with over 60 major economies regionally and globally.
The President emphasized that the 30-year history of Vietnam-U.S. relations is a vivid testament to the journey of reconciliation and trust-building between the two nations. He affirmed that economic, trade, and investment cooperation remains a key pillar in this relationship. Bilateral trade in 2024 reached nearly $140 billion, and the presence of leading U.S. corporations in Vietnam demonstrates mutual trust and cooperation potential.
Outlining Vietnam’s vision to become a prosperous, happy, and high-income developed nation by 2045, the President highlighted ongoing institutional reforms, workforce quality improvement, and infrastructure development as core drivers of growth. Vietnam has streamlined local governance, amended key laws like the Investment Law, Enterprise Law, and Land Law to create a transparent business environment, and implemented a National Digital Transformation Strategy to foster innovation, green economy, and renewable energy.
The President urged U.S. businesses to seize opportunities and expand their presence and investment in Vietnam, jointly creating a new era of promising and sustainable cooperation. He reaffirmed Vietnam’s commitment to providing the most favorable conditions for U.S. investors to choose Vietnam as a long-term destination, partnering for a prosperous and sustainable future.
– 08:40 24/09/2025
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