Hanoi, March 1, 2025 – The Europe Today: Vietnamese Prime Minister Phạm Minh Chính has urged US businesses to expand their investment in Vietnam, reaffirming the country’s commitment to fostering a transparent and supportive business environment. The appeal was made during a roundtable discussion in Hanoi on March 1, attended by US corporate leaders, diplomats, and economic experts.
The PM highlighted Vietnam’s three key commitments to foreign investors and encouraged US enterprises to adopt a “three-shared” approach:
- Listening and understanding the market dynamics,
- Sharing vision and action for long-term cooperation,
- Collaborating for mutual success.
The dialogue aimed to assess the investment landscape, explore challenges and opportunities, and accelerate sustainable economic cooperation between Vietnam and the United States.
Vietnam-US Economic Relations Flourish
The US is Vietnam’s second-largest trading partner, a key export market, and a leading foreign investor. Conversely, Vietnam ranks as the US’s seventh-largest trading partner. Leading US corporations—including Ford, Boeing, SpaceX, Coca-Cola, Warburg Pincus, Pacifico Energy, Gap, Mastercard, Meta, Google, Amkor Technology, and Nvidia—are expanding their presence in Vietnam, demonstrating confidence in the country’s economic potential.
Representatives from the US Embassy, the American Chamber of Commerce in Vietnam (AmCham Vietnam), and US business leaders expressed optimism regarding the positive trajectory of Vietnam-US relations, particularly after the elevation of bilateral ties to a Comprehensive Strategic Partnership.
Vietnam’s Economic Ambitions and Strategic Priorities
Discussing Vietnam’s economic achievements, PM Chính reiterated the country’s ambitious growth targets, including:
- 8% GDP growth in 2025,
- Long-term aspirations for double-digit economic expansion.
To achieve these objectives, the PM urged US enterprises to play an active role in Vietnam’s development journey, benefiting both nations and further strengthening the Comprehensive Strategic Partnership.
Vietnam’s three strategic breakthroughs—essential for economic advancement—were also emphasized:
- Enhancing the legal framework for business-friendly policies,
- Developing world-class infrastructure,
- Investing in high-quality human resources.
Under the principles of “transparent institutions, seamless infrastructure, and smart governance and workforce”, Vietnam is committed to ensuring a fair and open business environment for all economic players.
The meeting reaffirmed both nations’ commitment to deepening economic collaboration, paving the way for enhanced trade, investment, and technological partnerships.
