Deputy PM updates US firms on Vietnam’s economic policies

Deputy Prime Minister Vuong Dinh Hue met with US enterprises during his visit to the US from June 25-27 to introduce Vietnam’s external and macro-economic policies, economic reform and investment attraction mechanisms.
Deputy PM updates US firms on Vietnam’s economic policies ảnh 1An overview of Deputy Prime Minister Vuong Dinh Hue and leaders of the US-ASEAN Business Council (USABC) (Photo: VNA)

Washington D.C. (VNA) – Deputy Prime Minister Vuong Dinh Huemet with US enterprises during his visit to the US from June 25-27 to introduceVietnam’s external and macro-economic policies, economic reform and investmentattraction mechanisms.

Addressing a talk held by the American Enterprise Institute (AEI) onJune 26, the Deputy PM said that Vietnam and the US have shared interests in apeaceful, stable and prosperous environment in the region where maritime andaviation freedom, security and safety are respected.

This is an important condition for regional cooperation and development,he stressed.

Scholars from the AEI lauded the vision and external, economic andintegration policies of Vietnam, while expressing hope that the Vietnam-UScomprehensive partnership will continue to be fostered amidst a changing world.

They also showed their desire to expand ties with Vietnamese officials,scholars and researchers.

At a business seminar held by the US-Asia Institute and VinaCapital inWashington D.C. the same day, Deputy PM Hue noted that the Vietnamese economy grew7.38 percent in the first quarter of 2018, a 10-year high.

He affirmed Vietnam’s commitment to create a business environment meetingstandards of the Organisation for Economic Cooperation and Development (OECD), andanswered questions on cooperation and business opportunities in Vietnam.

The US enterprises praised the Vietnamese Government’s commitments,lauding the country’s policies to lure investment in infrastructure, energy, pharmaceuticals,e-commerce, service, State-owned enterprises’ restructuring and startups.

On June 27, Deputy PM Hue met with leaders of the US-ASEAN BusinessCouncil (USABC), during which he highlighted that leaders of the US’s Congress,National Security Agency, Departments of States, Finance, Commerce andAgriculture all affirmed that the US is keen on boosting relations with Vietnam,especially in economy, trade and investment.

This is an assurance for businesses of both sides in the long-term, he added.

The Deputy PM reiterated that the Vietnamese Government is willing tolisten to enterprises to improve the country’s business environment and ensurefair conditions for businesses.

He also answered questions from US firms on various fields, especiallythe newly-adopted Law on Cyber Security, the payment activities of banks,regulations on automobile import and granting licences in agricultural areas.

Vietnam always abides by international rules, while giving optimalconditions for businesses as long as they ensure consumers’ interests andVietnam’s national security, stated the Deputy PM.

The same day, he met with some US leading firms investing in Vietnam,including Nike, Coca-Cola, Visa, Exxon Mobil, Murphy Oil and AES.

The US firms thanked Vietnam for supporting them over the years,highlighting that Vietnam is a dynamic market with high potential. They expressedtheir wishes to expand their activities in Vietnam.-VNA
VNA

See more

PM Pham Minh Chinh (R) receives Swedish Minister for International Development Cooperation and Foreign Trade Benjamin Dousa on May 12. (Photo: VNA)

Vietnam values all-around cooperation with Sweden: PM

The Vietnamese Government and people always remember and value Sweden’s sincere and invaluable support during the country’s past struggle for independence and in its current process of development and global integration, Prime Minister Pham Minh Chinh said.

The talks between Vietnamese Party General Secretary To Lam and Belarusian President Aleksandr Lukashenko in Minsk on May 12, 2025. (Photo: VNA)

Vietnamese Party leader, Belarusian President hold talks

The two leaders applauded the recent progress of economic, trade, and investment ties, agreeing on the necessity to further tap into the cooperation potential generated by the free trade agreement between Vietnam and the Eurasian Economic Union (EAEU), of which Belarus is a member.

General Secretary of the Communist Party of Vietnam Central Committee To Lam (L) and President of Belarus Aleksandr Lukashenko at the press conference following their talks in Minsk on May 12. (Photo: VNA)

Vietnam, Belarus establish strategic partnership

General Secretary of the Communist Party of Vietnam Central Committee To Lam and President of Belarus Aleksandr Lukashenko announced the upgrade of bilateral ties to a strategic partnership at a joint press conference following their talks in Minsk on May 12.

General Secretary of the Communist Party of Vietnam Central Committee To Lam (L) and Belarusian President Aleksandr Lukashenko review the guard of honour at the welcome ceremony in Minsk on May 12. (Photo: VNA)

Belarusian President hosts welcome ceremony for Vietnamese Party chief in Minsk

The state visit to Belarus by Party General Secretary To Lam, his spouse, and the high-level Vietnamese delegation marks a new impetus for strengthening and expanding bilateral ties. It is expected to help deepen the already strong relationship, enhance the effectiveness of existing mechanisms, and establish new ones, aiming for more regular, substantive, and effective cooperation in the years to come.

Spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang. (Photo: VNA)

Vietnam welcomes proposal to resume direct Russia-Ukraine talks

Vietnam welcomes Russian President V. Putin's proposal on May 11 to resume direct talks with Ukraine, Spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said on May 12 in response to a reporter's question about Vietnam's reaction to the proposal.

Phan Van Mai, Chairman of the National Assembly’s Committee for Economic and Financial Affairs, delivers a report presenting explanations, feedback, and revisions to the amended draft Law on Corporate Income Tax. (Photo: VNA)

NA endorses 10% preferential tax rate for all press agencies

To affirm the Party and State’s commitment to supporting the press, the NA Standing Committee has adopted the government’s proposal to apply a uniform preferential corporate tax rate of 10% to all types of press. This move aligns with the current tax incentives for print newspapers.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN. (Photo: VNA)

Vietnam nominated to chair 2026 NPT Review Conference

Vietnam will work collaboratively with all parties to ensure a successful review process that meets international expectations. It will engage in broad consultations with countries, regional groups, and relevant stakeholders to help bridge differences and promote consensus.

Party General Secretary To Lam shakes hands with a Belarusian veteran with outstanding contributions to Vietnam. (Photo: VNA)

Party chief calls for closer friendship between Vietnam, Belarus

Vietnam consistently attaches importance to its traditional friendship with Belarus and wishes to further strengthen cooperation across all fields for the mutual benefit of the two nations, and for peace, cooperation, and development in the region and around the world.