Hanoi, Vietnam – The U.S. Chamber of Commerce, the American Chamber of Commerce in Hanoi (AmCham Hanoi), and the Vietnam Chamber of Commerce and Industry (VCCI) jointly hosted the 6th U.S.-Vietnam Business Summit to deepen U.S.-Vietnam commercial ties. Vietnam’s Deputy Prime Minister Trần Lưu Quang and a group of high-ranking ministry officials participated in the Summit in-person, while U.S. Secretary of Commerce Gina Raimondo and Deputy Assistant to the President and Coordinator for the Indo-Pacific Kurt Campbell joined virtually. Their participation, along with that of U.S. and Vietnamese business leaders, highlights the growing breadth and importance of the bilateral relationship, which both countries recently elevated to a Comprehensive Strategic Partnership.
U.S. Secretary of Commerce Raimondo spoke about the new Comprehensive Strategic Partnership, stating, “We have unprecedented opportunities to build on our deep trade and investment ties.”
U.S. Chamber of Commerce Executive Director for Southeast Asia John Goyer said, “President Biden’s recent visit to Vietnam, and the upgrading of the bilateral relationship to a Comprehensive Strategic Partnership, are history-making events. We now are seeing a true sense of momentum in the US-Vietnam economic relationship. It is incumbent upon the business communities of both countries to capitalize on this momentum to unlock higher levels of two-way trade and investment, while working with both governments to break down the challenges and obstacles standing in the way.”
“With the recent relationship upgrade, this is a critical time and wonderful opportunity to work on how to also upgrade the policy framework and economic environment to attract new players and help current investors and businesses grow,” said AmCham Chair John Rockhold, adding, “Progress on the key issues raised at today’s summit will improve business conditions that strengthen the private sector, ensure economic and social development, and promote prosperity here in Vietnam.”
VCCI Chairman and President Phạm Tấn Công said, "After six successful years, the U.S.-Vietnam Business Summit has become a highly anticipated event for the two business communities and demonstrates how we can work together on creating an enabling environment that attracts additional investment and drives innovation and sustainable growth here.”
The United States is Vietnam’s second largest trading partner, its largest export market, and one of its top drivers of investment. Vietnam has risen to become a top-10 trading partner of the United States and the economic relationship between the two countries is expected to continue its rapid growth. Vietnam is an essential link in the global supply chain of goods for the United States, and at the same time, U.S. companies and investors have contributed significantly to the transformation and growth of Vietnam’s economy.
