“Connect with Vietnam” helps boost Vietnamese investment in US: Delegates attending the Connect with Vietnam event. (Photo: VNA)

Themed “Cooperation – Understanding – Prosperity,” the event was held on the sidelines of the 11th SelectUSA Investment Summit, held in Maryland from May 11 to 14.

In his welcome speech, Vietnamese Ambassador to the US Nguyen Quoc Dung highlighted the progress in Vietnam–US relations, and expressed his hope that Vietnamese businesses will find more partners and investment opportunities in the American country, thereby further strengthening bilateral ties.

Deputy Minister of Finance Cao Anh Tuan affirmed that the two nations have maintained effective economic cooperation in recent times, which serves as a model of win-win collaboration.

Deputy Minister Tuan showed his belief that the coming period will be a golden opportunity for Vietnamese firms to explore new investment opportunities and expand their presence in the US, thus facilitating access to the large, promising capital and consumer markets in the US and the world at large.

He said he expects that in this new context, US enterprises, with their strengths in capital, reputation, governance capacity, expertise, and high-quality human resources, will collaborate with Vietnamese partners in emerging fields such as high technology, start-ups, innovation, electric vehicles, energy, finance and banking, education and training, tourism, and high-efficiency agriculture.

This will position Vietnam as a central and vital link in the regional and global value chains, the official affirmed.

US Deputy Under Secretary for International Trade Diane Farrell highlighted the significance and uniqueness of the Vietnam–US relationship, and commended the Vietnamese delegation for being one of the largest participants in the 11th SelectUSA Investment Summit.

“Connect with Vietnam” helps boost Vietnamese investment in US: US Deputy Under Secretary for International Trade Diane Farrell speaks at the event. (Photo: VNA)

According to her, the presence of Vietnamese businesses underscores the tremendous potential for Vietnamese investment in the US.

At the “Connect with Vietnam” event, both sides focused on discussing investment procedures, financial resources, and commitments to facilitating Vietnamese investors in seeking opportunities, making new investments, and expanding their investments in the American country.

On the sidelines of the summit, the Vietnamese Ministry of Finance delegation will continue to hold numerous bilateral meetings with several local organisations, banks, and enterprises such as the US International Development Finance Corporation (DFC), the Export-Import Bank of the US (US Ex-Im Bank), Intel, and Meta. There will be a working session with the US Department of the Treasury regarding the Agreement and Protocol on Avoidance of Double Taxation between the two countries, with the aim of expediting the completion of procedures approving the entry into force of the agreement.

According to the Foreign Investment Agency, as of April 30, Vietnam had run 252 investment projects in the US, with a total capital of 1.36 billion USD.