Government to continue facilitating US firms’ operation in Vietnam
Government to continue facilitating US firms’ operation in Vietnam: Deputy PM
The Government of Vietnam will continue creating optimal conditions for US businesses, including Hanesbrands clothing company, to operate effectively in the Southeast Asian country, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.
Deputy Prime Minister Trinh Dinh Dung (R) hosts Jerry Cook, Vice President Government and Trade Relations at Hanesbrands (Source VGP)
Hanoi (VNA) – The Government of Vietnamwill continue creating optimal conditions for US businesses, includingHanesbrands clothing company, to operate effectively in the Southeast Asiancountry, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.
At a reception of Jerry Cook, Vice PresidentGovernment and Trade Relations at Hanesbrands, in Hanoi, the Deputy PMcongratulated the group on its successful operation in Vietnam in recent pastand welcomed it to expand investment in the country.
He proposed the group pay more attention tosocial and charitable activities to help improve the quality of life forlocals.
The presence of US major groups, includingHanesbrands, has significantly contributed to the promotion of trade andinvestment relations between the two countries, he said.
The Vietnam-US comprehensive partnership hasdeveloped pragmatically and effectively in all fields over the past time withthe focus on economy, trade and investment relations, Dung said, adding thattwo-way trade stands at around 28.4 billion USD at present.
Jerry Cook said Hanesbrands has received bigassistance from the Vietnamese Government, ministries, departments andlocalities over the past time.
US businesses highly appreciate the assistanceof the Vietnamese Government, especially its efforts in improving the businessand investment environment, he said, adding Hanesbrands is increasing thenumber of its factories and expanding the scale of production in Vietnam.
In the time ahead, the group wants to strengthencooperation with Vietnamese ministries, departments and localities,particularly in the fields of customs and taxation, the official added.
Hanesbrands is running seven plants in Vietnamwith nearly 12,000 workers, producing 26 percent of the group’s total productsin the globe.
The exportturnover of Hanesbrands Vietnam in 2018 was estimated at 400 million USD.-VNA
The Vietnam-US cooperation in gas power and infrastructure development in the liquefied natural gas (LNG) sector was the focus of a seminar in Ho Chi Minh City on December 6.
Deputy Prime Minister Vuong Dinh Hue had a working session in Hanoi on March 8 with Charles Freeman, Senior Vice President for Asia at the US Chamber of Commerce (USCC).
Minister-Chairman of the Government Office Mai Tien Dung appreciated the US Agency for International Development (USAID) increasing its support for Vietnam over the past years during a working session with the agency’s leaders in Washington DC, the US, on April 10.
Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Deputy Prime Minister Trinh Dinh Dung (R) hosts Jerry Cook, Vice President Government and Trade Relations at Hanesbrands (Source VGP) 
