Deepening the economic pillar of trade with the United States
The Economic - Trade pillar between Vietnam and the United States is expected to grow even stronger in the near future, especially when the two countries upgraded their relationship to a comprehensive strategic partnership on September 10.
Regarding specific cooperation in the field of economic and trade between the two countries, the United States is very interested in industries where Vietnam can participate in the global supply chain and value chain such as automobile manufacturing. automobiles, semiconductors, cosmetics, internet, legal services, education, aviation and currently many US companies are continuing to promote supply chain shifts into Vietnam. Many US companies are having strategies to expand production and business activities in Vietnam and expect that every product they sell around the world contains at least some components made in Vietnam. This trend will continue to increase in the future. Some experts believe that many US investors will continue to bring great contributions and potential to our country's economic development in the coming time.
Recent US policies such as Friend Shoring (shifting US production to friendly partners) have considered Vietnam to play an important role in this policy. Currently, resources for this policy are being supplemented by the United States and a significant amount of support from the Chip Act will support Vietnamese partners in the semiconductor industry. This Act also provides a budget of $1.5 billion for 2020 telecommunications infrastructure in the United States, and according to that, many Vietnamese companies have the ability to supply 5G equipment for the process of upgrading the telecommunications infrastructure of the United States. this country. In addition, Vietnam can take advantage of digital services, cloud computing, and data testing centers of the United States to carry out the digital transformation process and optimize the domestic environment.
To provide more information about this content, the European - American Market Department organized an online discussion "Deeply developing the economic and trade pillar with the United States".
Attending the discussion were Mr. Adam Sitkoff - Executive Director of the American Chamber of Commerce in Hanoi; Mr. Vu Tu Thanh - Deputy Executive Director of the US-ASEAN Business Council (USABC).
Minh Toan
