From the oil and gas and power sectors to agriculture and retail, Minister of Industry and Trade Nguyen Hong Dien’s high-level engagements during his June 2025 trip to the United States demonstrated a strong determination to negotiate and address trade issues between the two countries, aiming to boost bilateral trade relations.
EXXONMOBIL, NIKE, WALMART: STRATEGIC PARTNERS IN THE JOURNEY TOWARDS A GREENER SUPPLY CHAIN
In a meeting with the Vice President of ExxonMobil on June 10, Minister Nguyen Hong Dien commended the 16 years of collaboration between the two parties, especially in oil and gas exploration and development and power projects in Vietnam. The Minister emphasized the importance of timely implementation of the Ca Voi Xanh project, a key energy project with the potential to enhance energy security while pursuing emission reduction and carbon neutrality goals.
ExxonMobil expressed optimism about Vietnam’s investment environment, considering it a bright spot in Southeast Asia due to political stability, institutional reforms, and sustainable development commitments. The company pledged to share this positive message with the White House, the Department of Commerce, and the U.S. Trade Representative (USTR) to foster bilateral relations. They affirmed, “Vietnam is one of ExxonMobil’s key markets in the region, and we expect the Vietnamese government to continue facilitating large-scale energy projects.”
On June 11, Minister Nguyen Hong Dien met with two leading global companies, Nike and Walmart, which are quintessential examples of global value chains with strong connections to Vietnam. Nike currently produces nearly 50% of its footwear in Vietnam, employing over 450,000 workers.
During the meeting, Minister Nguyen Hong Dien welcomed Nike’s long-term presence and responsible conduct, highlighting their role not just as an investor but as a strategic partner in sustainable development. He frankly shared concerns about U.S. tax policies that could impact the supply chain and proposed specific support measures.
With Walmart, the world’s largest retailer, the discussion focused on expanding procurement from Vietnam, especially value-added and environmentally friendly products. The Minister requested Walmart to establish a strategic procurement center in Vietnam, share technical standards, and support supplier capacity enhancement. These practical suggestions demonstrated Vietnam’s commitment to accompanying large FDI corporations in creating a green, flexible, and transparent supply chain.
VIETNAM-US TRADE NEGOTIATIONS: PROACTIVE, GOOD FAITH, AND MUTUALLY BENEFICIAL
On the same day, June 11, Minister Nguyen Hong Dien held an important meeting with Senator Roger Marshall, a prominent figure in agriculture, trade, and innovation in the United States.
During the meeting, the Minister conveyed messages from General Secretary To Lam and Prime Minister Pham Minh Chinh, reaffirming Vietnam’s desire to build a Comprehensive Strategic Partnership with the United States based on mutual respect and sustainable development.
“Vietnam has always shown goodwill in negotiating the Reciprocal Trade Agreement and is ready to open its market and offer preferential treatment to U.S. goods,” the Minister emphasized. He also requested that the U.S. take corresponding steps to ensure a balance of interests, in line with each country’s level of development and international commitments. Senator Marshall expressed his support and appreciation for Vietnam’s proactive and serious approach to the negotiations. He pledged to convey his views to the U.S. administration to encourage positive steps and hoped for further development in economic cooperation between the two countries, particularly in agriculture, biotechnology, and aviation.
Throughout these engagements, Vietnam has demonstrated a proactive attitude, not only proposing and engaging in dialogue but also offering to collaborate on resolving policy, tariff, and technical standard issues. These strategic moves are expected to gradually establish Vietnam as a trusted hub in the global supply chain network in the post-COVID era and amid the increasingly complex geo-economic landscape.
The Politburo Proposes a ‘5-Star’ Airport Investment in Gia Binh
The province of Bac Ninh is collaborating with the Ministry of Public Security and relevant agencies to propose to the Politburo a plan to invest in Gia Binh International Airport. With a vision to create a world-class airport, the project aims for a top 10 ranking in global airport beauty and modernity.
The High-Speed Rail Venture: Addressing Suspicions with a $100 Billion Vision
Mr. Vo Xuan Truong, Chairman of the Mekolor Investment Alliance and Great USD, has revealed ambitious plans for a high-speed rail project connecting the North and South of the country. With a staggering $100 billion in investment funds, Mr. Truong is determined to revolutionize interstate travel, promising a future of rapid, efficient, and comfortable transportation for all.
The Congressional Guide to Overhauling the Machinery of Government Post-Administrative Restructuring
The Standing Committee of the National Assembly has issued detailed guidelines on the organization and operation of the National Assembly delegation and the People’s Councils at all levels following the merger of provinces and the elimination of the district level, as well as the reorganization of communal-level administrative units.
“Vietnam Offers to Sweeten the Deal for US Goods and Seeks Reciprocal Steps”
“Vietnam consistently engages in negotiations with the United States, striving for a bilateral agreement that respects sovereignty, self-governance, and political systems. The agreement should also aim for a harmonious balance of interests, aligning with international commitments and the developmental levels of both nations.”
The Cash Crown Competition: VIC Takes the Lead, VGI in Hot Pursuit
The Vietnamese stock market witnessed a fierce competition between VIC and VGI in the race for the cash crown in Q1. With a narrow margin, VIC took the lead over VGI, pulling ahead by just 350 billion VND.
