On May 10 in Hanoi, AmCham, in cooperation with VCCI and the US Chamber of Commerce, hosted the third annual US-Vietnam Business Summit. The conference, titled, “The 2019 U.S.-Vietnam Business Summit: Celebrating 25 Years of Trade and Investment”, brought together over 250 government and industry leaders from both countries to build on the current positive momentum in the bilateral economic relationship and to address the many areas where inconsistencies, inefficiencies, and unfair practices persist. The conference featured a keynote address by Vietnamese Deputy Prime Minister Trịnh Đình Dũng.
The business summit included discussions on a wide range of issues important to Vietnam’s economic development including: promoting sustainable investment and policies; driving future growth through the digital economy; using the Internet economy to fuel growth and innovation; addressing Vietnam’s energy development needs; and ways for Vietnam to benefit from ongoing global trade developments.
Speakers representing a variety of industry sectors urged the Government to take further steps to welcome, encourage and nurture innovation. It was noted that Vietnam’s well-known talents in science, internet, engineering, entrepreneurship, and creativity can be unleashed in IT, fintech, medical innovation, consumer products and in many other fields. Encouraging both foreign and domestic private investment in innovation and research and can help pave the way for the next chapter in Vietnam’s success.
Experts at the event added that as Vietnam develops, we all need to work together to solve new challenges such as addressing the growing shortfall in electricity, the increasingly bad air quality, and the environmental degradation caused by poor waste management.
AmCham, VCCI, and the U.S. Chamber remain committed to collaborate, share best practices, educate stakeholders, and advocate for increased trade, investment, and economic growth in both Vietnam and the United States.