Vietnam, US hold huge potential for energy cooperation: experts

Vietnam sees a good chance to become an important link in the US energy giants’ value chain as there is an increasing number of US firms coming to the Southeast Asian country to seek cooperation opportunities, experts said at the Vietnam – US Trade Forum held in Ho Chi Minh City on September 13.
Vietnam, US hold huge potential for energy cooperation: experts ảnh 1Deputy Minister of Industry and Trade Do Thang Hai speaks at the forum. (Photo: VNA)

HCM City (VNA) – Vietnam sees a good chance to become an important link in the US energy giants’ value chain as there is an increasing number of US firms coming to the Southeast Asian country to seek cooperation opportunities, experts said at the Vietnam – US Trade Forum held in Ho Chi Minh City on September 13.

Spotlighting the robust economic collaboration between the two nations over the past time, Deputy Minister of Industry and Trade Do Thang Hai said that the recent State visit to Vietnam by President Joe Biden, as well as the upgrade of the Vietnam – US ties to the Comprehensive Strategic Partnership have created unprecedented chances to promote new areas of collaboration, which helps Vietnam get a position in global value chains.

With such cooperation, Vietnam will be engaged more in the supply of materials and parts for the fields of energy, aviation, digital economy, semi-conductor ecosystem and artificial intelligence, Hai stressed.

Chairman of the American Chamber of Commerce in Vietnam (AmCham Vietnam) John Rockhold, who is also Chairman of the AmCham Hanoi Board of Governors, said Vietnam, boasting good renewable resources for power generation, has been an ideal destination for US investments.

With the country’s transition to off-shore wind power, supporting industries possibly gain hundreds of billion USD, he said, elaborating that Vietnamese enterprises could join the supply chain, from shipbuilding workshop and foundry to necessary services to support the green power industry.

Vietnam, US hold huge potential for energy cooperation: experts ảnh 2At the Vietnam - US Trade Forum in HCM City on September 13 (Photo:VNA)
Meanwhile, Boeing Supply Chain Business Development Manager for Southeast Asia, Japan and the Republic of Korea Maxime Dourdan hailed the Vietnamese market’s important role in Boeing’s business strategy as well as its cooperation opportunities with Vietnamese firms.

He added that Boeing will bolster linkages with the Vietnamese side in such specific fields as helicopters and transportation, development of supply chain of spare parts and equipment for the aviation sector.

For her part, Executive Vice President and General Secretary of the Vietnam Association for Supporting Industries (VASI) Truong Thi Chi Binh said that Vietnamese firms have huge opportunities to join the US’s energy value chain, adding 300 firms under VASI  have successfully exported battery trays, connectors for electric cars, and turbin parts./.
VNA

See more

At the opening ceremony of HortEx Vietnam 2025 (Photo: VNA)

HCM City HortEx showcases agricultural technologies, smart farming

HortEx Vietnam 2025 also serves as a gathering place for businesses, cooperatives, and agricultural producers from more than 16 provinces and cities across Vietnam, providing an excellent opportunity for local enterprises to exchange knowledge, learn from international experience, access new technologies, and expand their markets.

Hyundai Accent remains the best-selling model, with 455 units delivered to customers in February. (Photo: VNA)

Hyundai auto sales remain stable in February

In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for Financial Inclusion in Hanoi on March 12. (Photo: VNA)

PM requests stronger efforts to ensure comprehensive, equitable financial access

PM Pham Minh Chinh, who is also head of the steering committee, highlighted the significance of the strategy for the country's socio-economic development, saying that it enables individuals and businesses to access essential financial resources and services for development, improving living standards of the people, and promoting savings and investment.

Manufacturing toys for export at Bilion Max Vietnam Export Processing Co. Ltd. in Hue city. (Photo: VNA)

Vietnam’s economy poised to grow 6.8% this year: WB

“Vietnam is projected to maintain robust economic growth over the next two years, but it can use its fiscal space to better prepare for heightened uncertainties”, said Mariam J. Sherman, World Bank Director for Vietnam, Cambodia and Laos at a press conference.

A shopping mall in HCM City. The retail property market in HCM City is expected to see further growth this year. (Photo: gkg.com.vn)

HCM City retail property market expected to heat up

In 2025, the commercial real estate market, especially in HCM City, is forecast to undergo significant positive changes, with an improved supply. It can be said that this segment will "transform" to recover for a new growth cycle.

Illustrative image (Photo: VNA)

Measures needed to boost business optimism: VCCI

According to the Ministry of Planning and Investment, there are currently 940,000 active enterprises, falling short of the target of one million by 2020 and 1.5 million by the end of the year.

Site clearance has been completed for the Metro Line No.2 project. (Photo: sggp.org.vn)

HCM City to use municipal budget for Metro Line No. 2 project

The Metro Line No. 2 project has an estimated investment of nearly 47.9 trillion VND (2 billion USD) and has nearly completed land clearance, at 99.8%. The NA’s Resolution 188 authorises HCM City to develop seven metro lines spanning 355 kilometres over the next decade, with preliminary total investment for the 2025-2035 phase estimated at 40.2 billion USD.