The event, co-hosted by the city's Investment and Trade Promotion Centre (ITPC), the Institute for Viet Nam Initiatives (IVI), and the US-ASEAN Business Council (USABC), focused on navigating evolving trade and digital technology trends.
ITPC Deputy Director Cao Thi Phi Van highlighted the urgency for Vietnamese firms to adapt amid global economic turbulence, including US reciprocal tariffs, supply chain disruptions, and rising protectionism.
The US remains Viet Nam’s largest export market, with trade surplus growing from around 63.4 billion USD in 2020 to nearly 106 billion USD in 2024. However, Van said, the specter of US tariffs looms large, prompting calls for strategic responses.
She outlined key measures, including leveraging Viet Nam’s domestic market, tightening oversight of product origins, supporting Vietnamese and US investment projects, and accelerating the signing of trade deals with the US.
According to her, both local authorities and business community are diversifying markets, products, and supply chains; while improving product quality and competitiveness. They are also capitalising on free trade agreements to sustain export and import competitiveness.
Vu Tu Thanh, Deputy Regional Managing Director for ASEAN at the USABC, noted that Viet Nam’s major exports, such as apparel, footwear, wood and agricultural goods, do not directly compete with US products or jobs. While tariff negotiations remain unresolved, he expressed optimism that final US tariff rates on these goods could be moderated.
IVI Director Duong Hong Loan proposed a digital transformation strategy, focusing on creating a digital capability framework, designing staff training courses, fostering a culture of continuous learning within businesses, and providing specialised technology training. She pointed to a partnership between Ho Chi Minh City, the British University Viet Nam, and major tech firms as a model for advancing digital skills.
