PM Pham Minh Chinh welcomed their working trip, which coincides with the 30th anniversary of diplomatic ties and the second year of their Comprehensive Strategic Partnership.
Vietnam always considers the U.S. a partner of top significance, especially in economy, trade and investment, he said, highlighted vast untapped potential for U.S. firms in Vietnam. He expressed hope for the U.S.’s expanded presence in the country, especially in such key sectors such as energy, high technology, semiconductor, artificial intelligence (AI), aviation, aerospace, and climate change mitigation.
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PM Pham Minh Chinh (right) welcomes USABC delegation. |
The guests praised the Vietnamese Government, particularly PM Pham Minh Chinh, for actively tackling challenges faced by foreign investors, including those form the U.S.
Commending Vietnam’s socio-economic development strategy bolstered by recently-issued Resolution 57-NQ/TW focusing on sci-tech, innovation and digital transformation, they signaled strong interest in expanding investments across green transition, digital economy, circular economy, energy, high tech, AI, data management, aviation, logistics, finance, telecom, healthcare, food processing, consumer goods, tourism, education, and agriculture.
They wished for faster administrative reforms, legal stability, and incentives to boost strategic projects aligning U.S. expertise with Vietnam’s needs.
In reply, PM Pham Minh Chinh directed ministries and agencies to gather and address the delegation’s input promptly. He encouraged U.S. firms to bridge business communities, leverage dialogue mechanisms between the Government and businesses, and host regular networking events. He also pushed for opportunities to integrate Vietnamese companies into U.S. global supply chains, positioning Vietnam as the U.S.’s key production and business hub in Southeast Asia.
The delegation was urged to advise the Vietnamese Government on refining policies and lobby President Donald Trump's administration for stronger, sustainable economic ties. He floated a new bilateral trade framework tailored to current realities and urged the U.S. to avoid trade barriers on Vietnamese exports, recognize Vietnam’s market economy status soon, and remove Vietnam from the U.S. Department of Commerce’s list of restricted hi-tech exports.
The host suggested collaboration in sci-tech and innovation, including tech transfers and workforce training support. He sought U.S. expertise in energy development and infrastructure projects like railways, aviation, and maritime systems, specifically suggesting aircraft maintenance centers at Long Thanh and Gia Binh airports.
He also advocated for partnerships in modern digital infrastructure, 5G commercialization, 6G research, and tech transfers for medical equipment, pharmaceuticals, and vaccines. In agriculture, he highlighted a sustainable, low-emission rice project spanning 1 million ha in the Mekong Delta as a prime investment target.
Source: VNA