The activity comes as part of the new US-Việt Nam Comprehensive Strategic Partnership announced during US President Joseph Biden’s visit to Việt Nam at the invitation of the Party leader Nguyễn Phú Trọng last month.
Prime Minister Pham Minh Chinh on May 17 (local time) attended the US-Viet Nam trade, investment and tourism promotion conference themed ‘Rediscovering Viet Nam’ in San Francisco.
Trade has become a pillar of the growing bilateral relationship between Viet Nam and the US, Vice Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said on Tuesday.
Trade between Viet Nam and the US has seen impressive growth over the last 25 years, with more and more American businesses being interested in partnering with their Vietnamese counterparts and investing in the country.
Deputy Prime Minister Trinh Dinh Dung called on businesses to raise new solutions to boost the growth momentum of economic cooperation between the US and Viet Nam.
US businesses must engage more strongly in Viet Nam’s economic restructuring, especially in the finance-banking sector and in state-owned enterprise equitisation, Prime Minister Nguyen Xuan Phuc said on Tuesday.
A memorandum of understanding between the Asia Coast Development Company
Ltd and the Cotec Construction Joint Stock Company (CotecCons) was
signed yesterday to co-operate on a US$75 million expansion of the Grand
Ho Tram Strip''s resort complex.
Opportunities to export to the US and the US requirements for imported
food and pharmaceuticals were discussed during a seminar held in Ha Noi
on Monday.
Cuts to anti-dumping tariffs are expected to accelerate shrimp exports
to the US for the remaining part of the year after shrimp exports
witnessed a hefty of more than 50 per cent.
Twenty years after the US and Viet Nam established
diplomatic relations, bilateral trade turnover has risen 80-fold, and is
expected to boom after the Trans Pacific Partnership agreement,
currently under negotiations, takes effect.
There have been fresh investments from the US into Viet Nam, said Do
Nhat Hoang, Director of the Foreign Investment Agency under the Ministry
of Planning and Investment.
The fastest and shortest route to the US market was through retail
channels, an official said at a seminar on exporting to the US held in
HCM City yesterday.