On the evening of March 18, the US-ASEAN Business Council (USABC) had a press meeting on the occasion of the visit of a high-ranking US business delegation. This is the largest US business delegation to Vietnam since the two countries upgraded their relationship to a comprehensive strategic partnership in September 3.
This year, the business delegation is led by former Ambassador Ted Osius, President and General Director of USABC. There was also Mr. Marc Knapper - US Ambassador to Vietnam; Ms. Reta Jo Lewis - President and General Director of the US Export-Import Bank (US Eximbank); Ms. Sarah Morgenthau - Special Representative for Trade and Business, US Department of State and representatives of a number of US companies and corporations.
According to USABC, from March 18-21, representatives of 3 American companies and corporations, including energy, technology, artificial intelligence (AI), defense, pharmaceutical companies... are present in Vietnam. to discuss investment and business opportunities, according to an annual program organized by USABC.
Many American businesses seek business investment opportunities in Vietnam. Illustration photo: TTXVN
Former Ambassador Ted Osius, President and General Director of USABC, assessed that this is an activity within the framework of the comprehensive strategic partnership between Vietnam and the United States.
USABC President said that there are many opportunities for public and private cooperation between the two countries, from digital transformation, green transformation, net zero emissions, and activities to enhance Vietnam's production capacity. Male…
According to US Ambassador to Vietnam Marc Knapper, this year's US business delegation is very large and diverse. Businesses from both sides will promote each other's strengths, working side by side, and Vietnam's success is also America's success.
Assessing Vietnam in the new period, US Ambassador to Vietnam Marc Knapper said that Vietnam is increasingly playing a larger and more important role in the global supply chain. Vietnam is a major trading partner of the US and Vietnam has a dynamic economy. Mr. Marc Knapper said he was happy to have the presence of Vietnamese enterprise VinFast in the US, a business that has developed production and created jobs in the US.
Ms. Reta Jo Lewis - President and General Director of US Eximbank - shared that on the morning of March 18, US Eximbank signed a Memorandum of Understanding (MOU) with Vietnam Development Bank (VDP), with a credit of 3 million USD to promote economic, trade and investment cooperation between the two countries, especially for projects promoting green economic transition in Vietnam, infrastructure development projects, and other projects. combating climate change…
Dr. Rafael Frankel, in charge of foreign affairs of Meta (Facebook's parent company), expressed optimism about the future of Vietnam's economy. According to him, Vietnam will become a new tiger and dragon in the field of artificial intelligence (AI).
Regarding US FDI capital into Vietnam, USABC President and General Director Ted Osius forecasts that there will be more FDI capital flows into Vietnam. The current FDI capital flow is not only shown as statistical numbers but in fact there are many American businesses investing in Vietnam through other countries such as the case of Coca Cola investing in Vietnam from a company located in Vietnam. Singapore…
Mr. Vu Tu Thanh, Regional Deputy Managing Director and Chief Representative in Vietnam USABC, said that there are American corporations that do not spend money to set up factories in Vietnam, but they require suppliers, in the fields such as leather shoes, opening factories in Vietnam, thereby creating export value of tens of billions of dollars. The figure of 11 billion USD in accumulated FDI capital into Vietnam does not fully reflect the importance of the US partner.
Winning big in Europe and America, Vietnam has another impressive success
Although affected by the Covid-19 epidemic, Vietnam's shrimp exports grew very impressively. In particular, Vietnamese shrimp also won big in the US and Europe (EU) when October exports to these two markets increased by 10% and 39% respectively.
