President receives representatives of US business associations, investors

President Nguyen Xuan Phuc received representatives of the US-ASEAN Business Council (USABC), the American Chamber of Commerce (Amcham), the US Chamber of Commerce (USCC), and several US companies and multinational groups in New York on September 22 (local time).
President receives representatives of US business associations, investors ảnh 1At the meeting between President Nguyen Xuan Phuc and representatives from the US-ASEAN Business Council (USABC). (Photo: VNA)
New York (VNA) – President Nguyen Xuan Phuc received representatives of the US-ASEANBusiness Council (USABC), the American Chamber of Commerce (Amcham), theUS Chamber of Commerce (USCC), and several US companies and multinationalgroups in New York on September 22 (local time).

These enterprisesincluded McLarty, Philip Morris, AES, Thermo Fisher, Asia Group, NorthwesternMedicine, Excelerate Energy, GE, and McDermontt, Delta Offshore Energy andBoeing.

Receiving leaders of the AES Group, President Phuc highly valued itsactivities in Vietnam as well as its contributions to the Vietnamese energysector’s growth. Affirming Vietnam’s support to the enterprise’s expansion ofoperations in Vietnam, he encouraged the group to invest in green and renewableenergy in the country. He also lauded the firm’s partnership with PVGas inbuilding Son My liquefied natural gas (LNG) storage in Vietnam.

At his meeting with representatives of the Asia Group, the Vietnamese leadersuggested the firm continue to work as a bridge between the two nations andurge the US government to further promote practical and long-term cooperationwith Vietnam. The Asia Group should mobilise the US government to donate moreCOVID-19 vaccines and medical supplies to Vietnam, and transfer COVID-19production technology to the country, he added.

Meeting leaders of Thermo Fisher, President Phuc lauded the firm’s commitmentsto support vaccine development programmes and exchange experience with partnersin responding to the COVID-19 pandemic.
 
Receiving representatives from General Electric (GE) and ExcelerateEnergy, he hoped that GE, Excelerate Energy and partners will continue toincrease investment in clean and renewable energy in Vietnam, which is animportant sector to help with socio-economic development and environmentalprotection in the country.

At his meeting withleaders of Northwestern Medicine, the President thanked clinics and memberhospitals of Northwestern Medicine for their donation of medical suppliesand equipment to Vietnam. He proposed Northwestern Medicine further fostercooperation between Vietnam and Chicago in research, development andapplication of hi-tech in health check-up and treatment.

Meeting partners of Delta Offshore - Bạc Lieu Energy, he hailed DeltaOffshore Energy's LNG-fueled power project in Bac Lieu province - thebiggest foreign-invested project in the Mekong Delta region so far. Heexpressed his hope that the project will become a model of quality and progresswith most competitive power prices, thus inspiring more US energy firms toinvest in Vietnam.

At a meeting with representatives from the USABC, Amcham, USCC, McLarty andPhilip Morris, President Phuc spoke highly of the role of US businessassociations and enterprises in encouraging US firms to invest in Vietnam overthe past years.

He suggested that the associations will continue to encourage US businesses toinvest in Vietnam, especially in strategic areas, helping Vietnam engage inregional and global supply chains, while hastening the US Government tocontinue its donation of COVID-19 vaccines and medical supplies to Vietnam aswell as transferring vaccine production technology to the country. He hoped theassociations will contribute their voices to the US Government in optimisingthe Vietnam-US partnership and promoting stable and long-term cooperation withVietnam on the basis of mutual support and interest.

President receives representatives of US business associations, investors ảnh 2President Nguyen Xuan Phuc receives representatives from the Business Council for International Understanding (BCIU). (Photo: VNA)
Receiving the Business Council for International Understanding (BCIU)'srepresentatives and a number of enterprises, President Phuc lauded the effortsand the role by the council in improving US investors’ confidence in thebusiness and investment environment in Vietnam. He thanked BCIU foraccompanying with and supporting Vietnam in accessing vaccines and medicalsupplies serving the COVID-19 fight.

Meeting representatives from the Boeing Group, President Phuc congratulated thefirm on its opening of first representative office in Vietnam, which showsBoeing’s commitments to long-term investment in Vietnam despite difficultiesposed by COVID-19.

He proposed Boeing continue to assist Vietnamese airlines to open more directair routes to the US, while increasing investment in Vietnam in the fields ofinfrastructure construction, airplane component production, and aviationtechnical services, helping Vietnam enter supply chains of groups on the globe,and considering the opening of a pilot training centre in Vietnam./.
VNA

See more

The opening of the Ho Chi Minh City Pavilion at the 2025 Saudi Food Show being held from May 12 to 14 at the Riyadh Front Exhibition and Conference Centre. (Photo: courtesy of ITPC)

HCM City businesses attend Saudi Food Show in Riyadh

The HCM City pavilion is a joint exhibition space comprising three adjacent sections with a total area of 300 square metres organised by the Investment and Trade Promotion Centre of HCM City and the Vietnam Trade Office in Saudi Arabia.

Prime Minister Pham Minh Chinh speaks at the dialogue with the US business community in Hanoi on May 13. (Photo: VNA)

US businesses affirm long-term commitment to Vietnam

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

Consumers at a supermarket in HCM City (Photo: baodautu.vn)

Vietnam, US push for balanced trade

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 reduction of bank staff will continue to be strong in 2025, as banks are promoting digital transformation and restructuring operations to improve cost management efficiency. (Photo: vnbusiness.vn)

Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest State-owned commercial banks (Big4) to cut the number of its transaction offices. According to a plan released at VietinBank’s annual general meeting of shareholders (AGM) recently, the bank is expected to cut hundreds of transaction points to streamline the system in 2025.

The Binh Duong Centralised IT Zone is located within the Binh Duong Industrial – Service – Urban Complex. (Photo baobinhduong.vn)

Binh Duong develops new 16-hectare centralised IT zone

The establishment of a new centralised information technology (IT) zone in Binh Duong Province marks a significant step in the locality’s digital transformation strategy and its ambition to build a knowledge-based economy.

Workers manufacture electronic components. (Photo: VNA)

PM orders overhaul to improve business environment

The dispatch further highlights the need for comprehensive measures to enhance governance capacity, accelerate socio-economic progress, and improve the investment and business landscape with a clear emphasis on sustainable development and environmental stewardship.

Prime Minister Pham Minh Chinh (centre) and other delegates attend the groundbreaking ceremony for the Ninh Binh–Hai Phong Expressway Project’s section passing through Nam Dinh and Thai Binh provinces. (Photo: VNA)

Transport, industrial development essential for Thai Binh to be wealthier: PM

​The groundbreaking ceremonies of the Ninh Binh–Hai Phong Expressway Project’s section and the Hung Phu Industrial Park in Thai Binh affirm the government’s determination to create an attractive investment and business environment for both domestic and foreign investors; foster provincial and regional connectivity, generate momentum and open new development space for Thai Binh and the northern coastal region.

Representatives from Vietnam Airlines and Russia’s state-owned VTB Bank exchange the MOU on cooperation. (Photo: nhandan.vn)

Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Vietnam with the world, contributing to the sustainable development of Vietnam-Russia relations in the new period.

An auto assembly line at Kim Long Motor Hue in the Chân May - Lang Co Economic Zone in the central city of Hue. (Photo: VNA)

Vietnam eyes 8% growth in 2025 through strategic reforms

With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.