Prime Minister Pham Minh Chinh called on US businesses to expand their investment in Vietnam, emphasising the country’s commitment to creating a transparent and supportive business environment, while attending a roundtable in Hanoi on March 1.

Prime Minister Pham Minh Chinh (3rd from left) and representatives from US businesses.

The PM reaffirmed Vietnam’s three key commitments to foreign investors and urged US firms to embrace a “three-shared” approach -listening and understanding, sharing vision and action, and collaborating for mutual success.

The discussion aims to assess the current situation, identify challenges and opportunities for cooperation and investment, and boost rapid and sustainable development in partnership with US enterprises.

The US is currently Vietnam’s second-largest trading partner, a key export market, and a leading investor. Meanwhile, Vietnam ranks as the US’s seventh-largest trading partner.

A growing number of top-tier US companies, including Ford, Boeing, SpaceX, Coca-Cola, Warburg Pincus, Pacifico Energy, Gap, Mastercard, Meta, Google, Amkor Technology, and Nvidia, are expanding their presence in Vietnam, showing their confidence in the country’s market potential.

Their investments have made remarkable contributions to Vietnam’s economic growth.

During the roundtable, representatives from the US Embassy, the American Chamber of Commerce in Vietnam (AmCham Vietnam), and US business leaders expressed their optimism about the positive trajectory of Vietnam-US relations, especially following the upgrade of bilateral ties to a Comprehensive Strategic Partnership.

Discussing Vietnam’s economic achievements and the contributions of US businesses, the Vietnamese Government chief reiterated Vietnam’s goal of achieving 8% GDP growth in 2025, paving the way for double-digit growth in the years ahead.

The PM called on US enterprises to join Vietnam in reaching these objectives, benefiting both sides and strengthening the Comprehensive Strategic Partnership.

He reaffirmed Vietnam’s commitment to three strategic breakthroughs: improving the legal framework, developing infrastructure, and enhancing high-quality human resources.

These efforts will be guided by the principles of “transparent institutions, seamless infrastructure, and smart governance and workforce.”

He also pledged to further improve the business environment to ensure fairness and openness for all economic players.

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