Perspectives of US businesses and experts on Vietnam's prospects in the coming time
Vietnam and the United States upgrading bilateral relations to the level of comprehensive strategic partnership on September 11, 2023 is extremely important, creating a solid foundation, helping cooperative activities between the two countries. going into depth, essentially on all pillars; In which the economic, trade and investment pillar continues to play a central driving force in promoting relations between the two countries.
With 17 signed bilateral and multilateral Free Trade Agreements, according to many assessments, Vietnam will become an important destination for foreign investment flows, including from the United States; Focusing on specific fields with high added value such as energy, aerospace, finance, semiconductors, finance, education, healthcare, high-tech agriculture...
Regarding trade, the United States continues to remain the number 1 and most important importer of Vietnam, especially import and export goods that Vietnam has advantages such as footwear, textiles, and wooden furniture. , computers, electronic components, seafood... still ensure a relatively stable growth rate in the US market.
Regarding foreign direct investment (FDI), US investors will pay more attention to the field of sustainable development and clean energy transition in Vietnam. Vietnam's strong commitment at COP26 has attracted great interest from US investors in this field and will likely help Vietnam participate more deeply in decarbonization, biofuels, and electricity projects. clean, hydrogen initiative, accelerating the peak of greenhouse gas emissions reduction...
Regarding the field of digital trade and services, US companies with outstanding technical and financial experience are expected to become Vietnam's key partners to develop artificial intelligence technology. AI creation, cloud computing, semiconductor technology, finance...
With the size of the domestic market growing at a fairly high and stable speed, the workforce is young and has a clear training orientation to approach new development trends, helping Vietnam to be attractive in the translation process. shifting and diversifying global supply chains.
To provide more information about the future cooperation prospects between the two sides, the European - American Market Department organized an online discussion with the topic "The perspective of US businesses and experts, the prospects of Vietnam next time".
The discussion had the participation of: Ms. Winie Wong - Vice President of Amcham Vietnam; Ms. Katherin Lam - representative of Portland port, Oregon; Mr. Nguyen Hong Duong - Deputy Director of the European-American Market Department, Ministry of Industry and Trade; Mr. Do Thien Anh Tuan - senior expert at Fulbrigh University of the United States in Vietnam.
Source: European-American Market Department
Minh Toan
