Hanoi (VNA)꧙ - In the context of the increasingly deepening Vietnam-US Comprehensive Strategic Partnership, Vietnamese enterprises have proactively sought investment opportunities in the US market - the largest economy in the world.

The SelectUSA Investment Summit 2025 witnessed the bold participation of the Vietnamese delegation and opened up new prospects for economic and investment cooperation between the two countries. To better understand the results and goals of the working trip, VietnamPlus reporters interviewed Pham Tuan Anh, Deputy Director of the Ministry of Finance’s Department of Debt Management and External Economic Relations, a member of the working delegation.

Vietnam's mark at SelectUSA Investment Summit 2025

Reporter: The SelectUSA Investment Summit 2025 has attracted great attention from the Vietnamese business community. So, what were the highlights of the activities of the Vietnamese delegation at this event?

Mr. Pham Tuan Anh:♚ The SelectUSA Investment Summit 2025 marked an important step forward in economic cooperation between Vietnam and the US. The Vietnamese delegation not only impressed others with the large number of participating businesses but also proactively organised the event "Connect with Vietnam," which created an effective connection forum, and attracted attention and appreciation from both Vietnamese businesses, US partners and government agencies of the two countries.

The event “Connect with Vietnam: “Cooperation – Understanding – Prosperity,” jointly organised by the Vietnamese Ministry of Finance, the US Department of Commerce, the Vietnamese Embassy in the US and the US Embassy in Vietnam, demonstrated the efforts to strengthen economic, financial and investment cooperation between the two countries. The event was a message affirming that Vietnamese enterprises are always interested in attracting investment and also want to seek investment cooperation opportunities in the US.

Reporter: Could you tell us more about the specific results that Vietnamese enterprises have achieved in the process of connecting and surveying the market in the US within the framework of the summit?

Mr. Pham Tuan Anh:♏ 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. Some notable initial results include Vietnam National Industry - Engery Group (Petrovietnam) continuing to promote cooperation with ExxonMobil in supplying WTI Midland crude oil to the Binh Son Refining and Petrochemical Joint Stock Company (BSR). To date, BSR has imported more than 22 million barrels of WTI Midland oil from US partners, such as ExxonMobil/EXTAP, Shell, Vitol and Trafigura, with a total value of nearly 1.8 billion USD.

In addition, the Vietnam Rubber Group (VRG) has sought opportunities to cooperate in investing in industrial park infrastructure in the US, following the VSIP model in Vietnam, to support Vietnamese businesses in investing and meeting the needs of other investors. On the other hand, the Vietnam Maritime Corporation (VIMC) has proposed investment cooperation initiatives, including connecting the Vietnam-US seaport system on a technology platform (PORT INTERLINKS), investing in the Vietnam House Logistics Centre in the US. VIMC also cooperates with OEC Group to develop projects on technology, green transition and new port development. In addition, VIMC has proposed preferential loans and received capital funding from US Exim Bank. At a meeting with James Burrows, Vice President of the Export-Import Bank of the US (EXIM), VIMC Deputy General Director Le Quang Trung shared an investment strategy in the deep-water seaport system in Vietnam (Lach Huyen, Lien Chieu, and Can Gio International Transshipment Port) and a plan to invest in ports and terminals in the US, developing the Vietnam House Logistics Centre, to promote bilateral trade. Accordingly, the EXIM Vice President highly appreciated the potential for cooperation and assigned the bank's international business development department to work with VIMC to learn the details and plan a visit to Hanoi to evaluate the enterprise right this June. During the working trip, Steven, Vice President of OEC Group, (a leading logistics group in the US with an estimated revenue of 471.4 million USD in 2025 and operating in over 50 countries) welcomed the delegation. At the meeting, Steven expressed his determination to cooperate closely with VIMC to realise the VIMC Logistics Centre project in the US.

Strongly promoting investment in the US

Reporter: With the exciting and highly appreciated activities at the SelectUSA Investment Summit 2025, what was the overall goal of the Ministry of Finance delegation in this event? What was the difference compared to our previous investment promotion activities?

Mr. Pham Tuan Anh:𝓀 The overall goal of the Ministry of Finance at the SelectUSA Investment Summit 2025 was to show strong support for the policy of promoting investment in the US while promoting economic-investment cooperation between the two countries in a more sustainable and balanced direction.

Unlike previous investment promotion activities, this one stood out for the broad and diverse participation of Vietnamese enterprises, including both state-owned and private companies, as well as large and medium-sized businesses (such as the Petrovietnam, the VIMC, the Vietnam National Coal & Mineral Industries Holding Corporation Limited - Vinacomin, the VRG, the Petrovietnam Gas Corporation – PV GAS, FPT, the An Phat Xanh Joint Stock Company, and the Tam Anh Hospital). The strong presence of the Vietnamese business delegation, one of the largest at SelectUSA 2025, made a deep impression on the organisers and international partners. Dianne Farrell, Deputy Under Secretary for International Trade at the US Department of Commerce, appreciated the interest and active participation of Vietnamese businesses at the event "Connect with Vietnam." In addition, the Ministry of Finance delegation attended two plenary sessions of SelectUSA, focusing on the topics " Innovation and Industry: The American Advantage for Investment" and "Governors Investing in American Technological Competitiveness." These sessions provided useful information for Vietnamese businesses about the investment environment, workforce, technology, innovation, and cooperation opportunities in the US. The SelectUSA Investment Summit 2025 attracted more than 100 Vietnamese enterprises, both state-owned and private, demonstrating their proactiveness to "reach out to the ocean" to seek investment opportunities in the world's largest economy. This shows that the US is an attractive investment destination for Vietnamese investors, while affirming the maturity of Vietnamese enterprises and the support of the Party and State for private economic development. Here, Ashok Pinto, Executive Director of SelectUSA Investment Summit 2025, shared that the US always welcomes investors, contributing to building a more sustainable and fair trade relationship between the two countries, while affirming the important role of investment in strengthening the Vietnam-US partnership.

Reporter: In addition to the official activities at the SelectUSA Investment Summit 2025, the delegation had many bilateral meetings with US government agencies and large enterprises. What can you share about the issues mentioned in these activities?

Mr. Pham Tuan Anh: 🌟During the working trip, the Vietnamese Ministry of Finance had important bilateral meetings with many partners. Specifically, it discussed with the US Department of the Treasury issues of bilateral economic-financial cooperation, tax issues (Pillar 1, Pillar 2, Digital Services Tax - DST) and the Vietnam-US Tax Agreement. The delegation also worked with the US Customs and Border Protection on preventing illegal transshipment and enhancing customs cooperation through electronic data exchange and container security initiatives. In addition, it had a meeting with the Vice President of US Exim Bank and representatives of large corporations such as Intel and Meta.

At these meetings, the Vietnamese Ministry of Finance reaffirmed its commitment to promoting bilateral investment and trade cooperation with the US, a leading comprehensive strategic partner. Accordingly, the two sides agreed on a mutually complementary economic structure between the two countries to create a solid foundation for cooperation. Specifically, Vietnam has a demand for US products (such as energy and high technology), while Vietnamese consumer goods meet the diverse needs of the US people at reasonable costs. Strengthening bilateral economic and financial relations will open up new cooperation spaces and symbolise the comprehensive strategic partnership for shared prosperity. The US partners appreciated the proactiveness and activities of the Ministry of Finance delegation at the SelectUSA Investment Summit 2025 as well as Vietnam's timely responses to trade issues. The discussions were frank and open, aiming for a “win-win” relationship, contributing to fostering trust and mutual understanding between the two countries. Vietnam’s active participation in SelectUSA 2025 and bilateral activities demonstrate the efforts of the Vietnamese Government and enterprises in developing bilateral trade and investment relations in a sustainable and balanced manner, for the long-term interests of both countries.

Reporter: Thank you very much!./.