AmCham Hosts 6th Annual US-Vietnam Business Summit to Advance Economic Integration
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.
The Deputy Prime Minster expressed his wish that businesses from both sides will boost commercial cooperation, enhance the trade of products of each other’s strengths, support each other to engage in the new value chain, and strive to raise the two-way trade revenue to $200 billion in the coming time.
U.S. Secretary of Commerce Raimondo spoke about the new Comprehensive Strategic Partnership stating that, “We have unprecedented opportunities to build on our deep trade and investment ties.” And incoming U.S. Deputy Secretary of State Kurt Campbell pledged the full support of the White House as we develop the bilateral relationship.
This year’s Business Summit focused on Vietnam’s priorities of removing bottlenecks in resource mobilization, production, and business; addressing energy development needs and accelerating the transition to clean and renewable energy; ensuring access, affordability, and innovation in the health industry; unlocking the full potential of the digital economy; upgrading from frontier to emerging market status; promoting sustainable investment and supply chain integration such as preparing for opportunities in the semiconductor sector here.
Commenting on the success of the business summit, AmCham Chairman John Rockhold said, “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. 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.”