Deputy Prime Minister Nguyen Xuan Phuc held a reception for a US business delegation led by US Ambassador to Singapore Kirk Wagar in Hanoi on September 9.
Deputy Prime Minister Nguyen Xuan Phuc held a reception for a US business delegation led by US Ambassador to Singapore Kirk Wagar in Hanoi on September 9.
Highlighting the robust growth of Vietnam – US trade, the Deputy PM said the effective implementation of US-invested projects has contributed to Vietnam’s overall socio-economic development.
The US is currently the seventh biggest foreign investor in Vietnam with 700 projects valued at approximately 11 billion USD.
The future Trans- Pacific Partnership, to which both Vietnam and the US are members, is expected to open up even greater trade opportunities between the two nations, Phuc said.
Thanking his host, Ambassador Wagar pointed out that the purpose of his delegation visit is to gain insight of the Vietnamese market and promote the operation of US firms in Vietnam.
Most US enterprises in Singapore consider Vietnam as the first choice in their plans to expand investment in the region, Wagar said, adding that the country’s commitment to improve business climate will bring more US investment.-VNA
Governor of the US ’s Virginia State Terry McAuliffe has affirmed his wish to cooperate more closely with Vietnam to develop bilateral economic, trade and investment ties in the future.
The signing of the Vietnam-US bilateral trade agreement (BTA) in 2001 marked the start of booming trade between the two countries, which hit 35 billion USD by the end of 2014 from only 1.51 billion USD in 2001.
Since the normalisation of relations 20 years ago, economic relations between Vietnam and the US have developed strongly in many sectors, and are expected to grow even further in the future, especially after the Trans-Pacific Partnership (TPP) is signed. The Vietnam News Agency talked to several experts about this issue.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the meeting. (Photo: VNA)
