Vietnam to send largest-ever delegation to 2025 SelectUSA Investment Summit

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.

The meeting between Minister of Finance Nguyen Van Thang and US Ambassador to Vietnam Marc E. Knapper in Hanoi on May 8. (Photo: VNA)
The meeting between Minister of Finance Nguyen Van Thang and US Ambassador to Vietnam Marc E. Knapper in Hanoi on May 8. (Photo: VNA)

Hanoi (VNA) – A Vietnamese delegation will take part in the 2025 SelectUSA Investment Summit, scheduled for May 11-14 in Maryland, the US, Minister of Finance Nguyen Van Thang told US Ambassador to Vietnam Marc E. Knapper at their meeting in Hanoi on May 8.

Thang said this is seen as part of key activities aimed at boosting Vietnam – US trade and investment ties.

He expressed his appreciation for the strong support from the US Ambassador and the US Embassy in Vietnam in general, in recent times, calling this a clear sign of the growing substance and effectiveness of the Vietnam-US Comprehensive Strategic Partnership.

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.

Apart from joining activities at the summit, the Vietnamese delegates will also meet with US authorities, associations and businesses operating in the fields of semiconductors, high technology, startups, banking, and green and digital finance, he noted, adding that through these engagements, the Vietnamese Government aims to underscore its commitment to advancing bilateral economic and trade ties on the basis of fairness, mutual benefit, and sustainability as the world undergoes sweeping changes in trade policies and the global business environment.

For his part, Knapper welcomed the strong Vietnamese presence at the summit, describing this as a strong sign of the growing bilateral ties as the two countries are preparing to celebrate the 30th anniversary of diplomatic relations in 2025.

This will be a great opportunity for seeking ways to further deepen the economic and investment cooperation between the two nations, the diplomat said.

In recent years, Vietnam and the US have witnessed the fruitful development in their bilateral relationship, especially since they established the Comprehensive Strategic Partnership in 2023. Thang voiced his belief that with Knapper’s central role and close coordination among all relevant parties, the two sides will continue to foster an effective, substantive, and long-term economic and trade partnership./.

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.