Hanoi, July 18, 2026 – The Europe Today: Standing Deputy Prime Minister Phạm Gia Túc has reaffirmed the Vietnamese Government’s commitment to maintaining a transparent, stable, and predictable business environment while encouraging United States companies to expand their investment and strengthen their long-term presence in Vietnam.
Chairing a meeting on Friday with representatives of US business associations and companies operating in Vietnam, Túc commended the American business community for its significant contributions to the country’s socio-economic development and for supporting the continued growth of Vietnam–US relations.
He emphasized that economic, trade, and investment cooperation remains a key pillar of the bilateral partnership, noting that many US companies have maintained a long-standing presence in Vietnam, contributing to technology transfer, workforce development, enhanced manufacturing capacity, and the country’s deeper integration into regional and global value chains.
The Deputy Prime Minister said the Vietnamese Government considers US enterprises not only as investors and trading partners but also as strategic partners in advancing the country’s transformation agenda, particularly in science and technology, innovation, digital transformation, and the green transition.
Reaffirming Vietnam’s commitment to improving its investment climate, Túc said the government would continue refining legal and institutional frameworks, simplifying administrative procedures, protecting the legitimate rights and interests of businesses, and ensuring greater consistency, stability, and predictability in policymaking.
Highlighting the government’s administrative reforms, he noted that implementation times and business compliance costs have been reduced by more than 50 percent, describing regulatory reform as a continuous process aimed at aligning Vietnam’s procedures more closely with international standards while meeting domestic development needs.
Representatives of US businesses welcomed Vietnam’s recent policy initiatives designed to create new economic growth drivers, particularly the Politburo’s Resolution No. 10-NQ/TW on the development of the foreign-invested sector. They described the resolution as a significant milestone that has strengthened investor confidence and encouraged further business expansion in the country.
The US business community also praised the Vietnamese Government for maintaining regular and direct dialogue with enterprises, providing an effective platform for addressing practical business concerns and policy recommendations.
Expressing confidence in Vietnam’s long-term economic prospects, the business representatives reaffirmed their commitment to supporting the country’s strategic development objectives through increased investment, technology transfer, high-quality workforce development, and deeper integration into local value chains, particularly in pursuit of Vietnam’s ambition to achieve double-digit economic growth.
At the same time, they highlighted several challenges related to regulatory frameworks and policy implementation in sectors including technology, trade, taxation, aviation, energy, infrastructure, logistics, and services. They called for greater policy consistency and predictability, faster administrative procedures, and broader consultation with the private sector during the development and implementation of regulations.
Representatives of Vietnamese ministries and government agencies responded to issues within their respective areas of responsibility, while acknowledging that some recommendations would require further inter-agency coordination and consideration by higher authorities. They reaffirmed the government’s commitment to maintaining constructive dialogue with businesses in accordance with Vietnamese law and the country’s international commitments.
Concluding the meeting, Túc stressed that the concerns raised by businesses should be addressed through practical solutions, clearly designated focal points, and balanced policymaking that safeguards the interests of the State, the business community, and the public while remaining consistent with Vietnam’s legal framework, international obligations, and long-term development goals.
He also encouraged US companies to leverage their strengths in capital, technology, corporate governance, and global networks by expanding investment in Vietnam’s priority sectors. Furthermore, he urged the American business community to continue serving as a bridge between the two countries by objectively highlighting Vietnam’s investment opportunities and ongoing reform efforts, thereby strengthening investor confidence and promoting balanced, mutually beneficial economic cooperation.
Túc concluded that the continued success of US enterprises in Vietnam would not only contribute to the country’s sustainable development but also reinforce the Vietnam–US Comprehensive Strategic Partnership, paving the way for deeper, more effective, and enduring bilateral cooperation.
