In the early 1990s, over 60 percent of Vietnamese people lived under the poverty line. Today, that number is less than 10 percent and Vietnam has one of the fastest growing economies in the world. Great opportunities exist and the economic climate is helped by Vietnam’s low inflation, stable currency, and political stability. The country is an export powerhouse nearly quadrupling outbound shipments over the past decade, and Vietnam now exports more to the United States than any other country in ASEAN. Trade and investment are the cornerstones of the US-Vietnam relationship. A wide variety of American companies operate across the spectrum of economy activity here, including many efforts to help Vietnam become more productive, efficient, safe and cleaner. American companies have invested billions of dollars here, integrating Vietnam into the global supply chain, creating quality jobs for Vietnamese workers, and opening a new market for US goods and services. In just the past two decades, bilateral trade has grown by 8,000 percent. The trend is remarkable and great opportunities exist. But looking ahead, challenges are rising and many US companies are concerned with recent changes in policy and regulations, which are not consistent with international best practices. These changes expose many foreign investors to considerable risks and obstacles in executing their investments here.
Join us on Monday morning for an in-depth discussion to define the future the US-Vietnam trade and investment relationship. This summit will emphasize how Vietnam, working in partnership with US companies and investors, can stride confidently into the Fourth Industrial Revolution by taking advantage of the best inputs and technology and by employing international standard best practices. The summit will also focus on ways in which to promote continued trade and investment between our countries, and on solutions to address the many areas where inconsistencies, inefficiencies, and unfair practices persist. Actions that increase productivity and reduce the costs and risks of doing business in Vietnam will further grow the economy and will help move the bilateral economic relationship to the next level. More importantly, decreasing the cost and complication of doing business will benefit Vietnamese-owned businesses – 98 percent of which are small and medium-sized businesses – and will spur entrepreneurship and Vietnam’s future competitiveness.
His Excellency Deputy Prime Minister Trinh Dinh Dung and US Under Secretary of Commerce Gilbert Kaplan are among the many participating senior government leaders. This summit, taking place the day before the World Economic Forum meetings in Hanoi, will include over 150 participants from the United States, Vietnam and across the region. Click HERE to view the conference agenda in English and click HERE to view the conference agenda in Vietnamese.
Anybody with an interest in seeing increased US-Vietnam commercial ties is welcome to attend this conference. Seating at this event is limited and registration in advance is required. Entrance for members of AmCham, the US Chamber of Commerce, and VCCI is VND5,000,000. The entrance fee for individuals that are not members of the organizations listed above is VND6,000,000. Entrance fee includes a gift voucher to participate in AmCham’s Annual Meeting, Ambassador Dinner and CSR Recognition Awards Ceremony on December 12 in Hanoi (VND2,000,000 value). No walk-ins will be seated – you must register in advance by 6:00pm today. Click HERE for fast online registration or call AmCham at (84) 24.3934.2790.