The agreements were signed as part of a working visit by a delegation from Vietnam’s Ministry of Agriculture and Environment to the states of Iowa, Ohio, and Maryland, and Washington D.C., from June 2 to 6.
A Vietnamese delegation is visiting the US to strengthen bilateral trade relations and explore opportunities to expand imports of US agro-forestry-fishery products, in a move to balance bilateral trade.
Prime Minister Pham Minh Chinh agreed with Excelerate Energy's proposal to position Vietnam as a regional LNG distribution hub, while encouraging the firm to further explore opportunities to expand and deepen cooperation with Vietnamese partners in providing technological solutions and long-term LNG supply.
The planned merger of Can Tho with the neighbouring provinces of Hau Giang and Soc Trang is expected to open up new opportunities and unlock local potential, a municipal official has said.
The future tasks must ensure Vietnam's core interests while helping consolidate and strengthen the Vietnam-US Comprehensive Strategic Partnership, bringing benefits to both countries and their consumers, and contributing to peace, stability, cooperation, and development in the region and the world, PM Chinh said.
Dien stated that Vietnam has a strong and stable demand for US products, equipment, and services, especially in hi-tech and energy sectors. He affirmed Vietnam’s commitment to fostering a transparent and healthy trade environment, noting that Vietnam stands ready to boost coordination with the US side in combating trade fraud, origin fraud, and illegal transshipment.
The two sides sought to harmonise and balance interests in conformity with international commitments, with the development level of each country taken into account.
The two sides exchanged views in an open, straightforward, and constructive manner on the issues of mutual interest, working to clarify the draft agreement's wording and providing information on current policies of each side to lay the groundwork for further steps.
Within the framework of the SelectUSA Investment Summite 2025, Vietnamese enterprises have proactively connected with potential partners and administrations of states to survey the market and seek cooperation opportunities.
Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.
She affirmed that Vietnam has been actively and proactively promoting balanced and sustainable trade and investment cooperation with the US on the basis of effectiveness, frankness, equality, mutual respect, and mutual benefit.
AI and semiconductors have been identified as core sectors for development by both Vietnam and the US in the coming decade, thus contributing to balancing trade and investment between the two countries.
According to the Foreign Investment Agency, as of April 30, Vietnam had run 252 investment projects in the US, with a total capital of 1.36 billion USD.
During the meeting, US delegates expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favourable investment climate. They proposed Vietnam continue enhancing its business environment by addressing bottlenecks in administrative procedures, non-tariff barriers, taxation, and fees, while ensuring infrastructure conditions, transparency, and rules of origin
Imports from the US are predicted to rise sharply in the coming months as large Vietnamese enterprises are accelerating purchases from the North American market in efforts to balance bilateral trade.
The visit and a series of bilateral meetings with US partners underscore Vietnam’s strong commitment to deepening trade and investment ties with the US, a comprehensive strategic partner and the world's leading economy.
The US is now a comprehensive strategic partner and one of Vietnam's largest export markets. Meanwhile, Vietnam ranks as the US's eighth-largest trading partner, and American consumers favour Vietnamese products for their their quality and affordability.
In 2024, exports to the US reached over 13.7 billion USD, accounting for 22% of total sector export value. In the first four months of 2025, the figure rose to 4.34 billion USD, up 10.2% year-on-year.
Vietnam is sending its largest-ever delegation to the summit, reflecting growing interest among Vietnamese businesses in the US investment environment and their desire to expand presence in the market, Thang stressed.
Large Vietnamese enterprises plan to intensify engagements and meetings with US partners from now until June to advance the signing of contracts to implement previously signed agreements and memoranda of understanding with US partners.
This marks the 7th time the Government leader has chaired an exclusive meeting to seek solutions to the US's new tariff policy, following key directives from the Party Central Committee, the Politburo, and Party General Secretary To Lam.
Vietnamese ministries and sectors stand ready to address the US’s concerns and work together to find mutually beneficial solutions based on the principle of harmonised interests and shared risks, said Minister of Industry and Trade Nguyen Hong Dien.
Deputy PM Nguyen Chi Dung said Vietnam boasts advantages for developing the AI and semiconductor industries, noting that the country already has a relatively strong ecosystem for the sector.