Vietnam determines to strengthen and elevate bilateral economic and trade ties with the US in a stable, substantive, and sustainable manner.

Vietnamese Acting Minister of Industry and Trade Le Manh
Hung held a discussion with a group of US enterprises in the energy,
industrial, and aviation sectors under the US – ASEAN Business Council (USABC)
in Washington D.C. on February 2, the Ministry of Industry and Trade reported
on February 4.

The event took place on the sidelines of the sixth round of
negotiations on the Vietnam – US Agreement on Reciprocal, Fair, and Balanced
Trade, reflecting Vietnam’s determination to strengthen and elevate bilateral
economic and trade ties in a stable, substantive, and sustainable manner.

Vietnam stays ready to further expand imports from the US,
particularly through procurement contracts for machinery, equipment, and modern
technologies, Mr. Hung said.

On the energy-related issues of interest to US firms, with
the presence of major corporations in oil and gas, liquefied natural gas (LNG),
and renewable energy, Mr. Hung stressed that ensuring energy security is one of
Vietnam’s key development priorities.

Vietnam values and wishes to foster long-term cooperation in
modern industry, logistics, and aviation connectivity, he said, adding that
Vietnam favours selective investments in foundational and high value-added
industries tied to supply chains, support industries, technology transfer, and
workforce training.

In high-tech and digital areas, Mr. Hung told leading US
technology corporations that semiconductors, advanced technology and digital
economy are among Vietnam’s strategic priority areas.

Later, Mr. Hung held separate meetings with executives of Apple,
Excelerate Energy, and ExxonMobil, delving into high-tech and energy
collaboration. At the event, he listened to their proposals while clarifying
Vietnam’s policy focuses and commitment to a stable, transparent, and
favourable investment environment for long-term projects.

VnEconomy-Huyền Vy