Financial industry accompanies, opening more opportunities for Vietnamese enterprises in the United States

The 11th SelectUSA Investment Summit brings together more than 5,500 delegates from 100 countries and 54 US states and territories.

Mr. Pham Tuan Anh, Deputy Director of the Department of Debt Management and Foreign Economic Relations ( Ministry of Finance ), a member of the working group, shared with the press more specifically about the results achieved.

Connecting efforts promote bilateral cooperation

At the Gaylord National Convention Center (Maryland, USA), the 11th SelectUSA Investment Summit gathered more than 5,500 delegates from 100 countries and 54 US states and territories. First of all, the technology and innovation event, focusing on artificial intelligence (AI) and emerging technology applications, has attracted great attention from both the Government and businesses. Therefore, SelectUSA 2025 is considered a golden opportunity for global investors to find partners, expand their networks and survey the business environment in the world's largest economy .

Furthermore, for the first time, Vietnam recorded a record number of registrations with 130 business leaders, representing more than 100 companies spanning information technology, telecommunications, energy, industrial production, agriculture , environment, interior design to tourism services.

While many leading enterprises such as PVN, VIMC, TKV, VRG, PVGas, FPT, An Phat Xanh, Tam Anh Hospital have extensive international experience, some others are still in the expansion phase. Thanks to that, the image of Vietnam "bravely stepping out into the ocean" is clearly conveyed.

In parallel, at the first plenary session with the theme "Innovation and Industry - The US Advantage in Attracting Investment", the reports emphasized the competitive business environment, high-quality workforce and state and local partnerships. Specifically, state economic development leaders presented investment support factors such as tax incentives, infrastructure development funds and advanced research and training networks.

Mr. Pham Tuan Anh, Deputy Director of the Department of Debt Management and Foreign Economic Relations (Ministry of Finance)

Mr. Pham Tuan Anh shared: The event "Connect with Vietnam" took place at the Washington DC International Trade Center, co-organized by the Vietnamese Ministry of Finance, the US Department of Commerce and two embassies. At the same time, the event affirmed the image of Vietnam as a dynamic and proactive country in sharing investment and trade development policies. However, the most attractive thing was the speech by Ms. Dianne Farrell - Deputy Secretary of the US Department of Commerce, highly appreciating the large participation of Vietnamese enterprises.

Deputy Minister Cao Anh Tuan speaks at the Conference Connecting with Vietnam: Cooperation - Sharing - Development

Within the framework of the program, the Vietnamese delegation met with senior US leaders in two plenary sessions. In the second session, the state governors focused on discussing strategies to attract investment in AI and new technologies, while emphasizing the role of foreign investment in strengthening national security and enhancing competitiveness. Therefore, the message was sent clearly: the United States is a priority destination in the context of globalization and increasingly fierce competition.

In addition, exhibition booths of California, Texas, North Carolina, etc. create opportunities for Vietnamese enterprises to directly learn about projects, negotiate cooperation, and aim to establish representative offices, R&D centers, or manufacturing plants. Thus, the bilateral activities at SelectUSA do not only stop at connecting, but also open up a strategic contact channel with state economic development agencies and US business partners.

The delegation of the Ministry of Finance of Vietnam also spent time working with Mr. James Burrows – Vice President of US Ex-Im Bank, along with representatives of Intel, Meta and the US Customs and Border Protection. Thanks to that, Vietnam’s strong commitment to promoting bilateral economic and financial cooperation was reaffirmed.

Next, some initial results have been clear: In oil and gas trade, PVN continues to cooperate with ExxonMobil, importing 27 oil lots with a total volume of over 22 million barrels, worth nearly 1.8 billion USD; in industrial infrastructure development, VRG seeks US partners to invest in industrial parks in the United States, similar to the VSIP model, supporting Vietnamese enterprises to expand the global supply chain; in logistics - seaports, VIMC proposes the PORT INTERLINKS project, investing in the Vietnam House Logistics Center, cooperating with OEC Group and US Ex-Im Bank to develop deep-water seaports, warehouses, and distribution centers.

In particular, the meeting with US Ex-Im Bank scheduled a Due Diligence assessment of the VIMC port project in June 2025 in Hanoi. At the same time, OEC Group affirmed its commitment to promoting the VIMC Logistics project in New York, opening up opportunities for a series of Vietnamese enterprises to access the US market more easily.

Representatives of the Ministry of Finance and representatives of the US Ex-Im Bank

Mr. Pham Tuan Anh said: In addition to investment promotion activities, the Ministry of Finance delegation frankly discussed the global minimum tax, digital services tax (DST), bilateral tax agreements, as well as initiatives on electronic data exchange between the two countries' customs. On the other hand, the discussion on the US's reciprocal tax shows that Vietnam is proactive and timely in responding to new policies, creating trust with partners.

Because Vietnam and the United States have complementary economic structures, Vietnam needs energy, high technology, machinery and equipment while Vietnamese consumer goods meet American needs at reasonable prices without direct competition. Thanks to that, bilateral economic and financial cooperation is increasingly deepening, opening up new space for businesses of both countries.

Finally, meetings with government agencies and businesses are always constructive, aiming for common and sustainable benefits. In short, success at SelectUSA 2025 is not only about the number of participating businesses, but also the prospect of long-term cooperation, demonstrating the Party and State's policy in developing the private economy, considering the private sector as the driving force for development.

The delegation of the Ministry of Finance of Vietnam has actively contributed to promoting the Vietnam-US trade and investment relationship, opening up many new opportunities for Vietnamese enterprises in the global market. At the same time, representatives of US Government agencies affirmed that they always welcome Vietnamese investors, wishing to build a fair and sustainable cooperative relationship for common prosperity.

Mr. Minh

Source: https://baochinhphu.vn/nganh-tai-chinh-dong-hanh-them-co-hoi-mo-ra-cho-dn-viet-tai-hoa-ky-102250519171012869.htm