The bilateral discussions took place on the sidelines of the U.S.-Vietnam Business Summit 2026, attended by U.S. Ambassador to Vietnam Jennifer Wicks along with representatives from leading American business associations and enterprises.

Highlighting Vietnam’s ambition to become a developed country by 2045, Tuc underscored the importance of science, technology and innovation. He said the government was working to streamline institutional frameworks, simplify administrative procedures and improve the investment climate to attract high-tech investment, develop the workforce and expand supply chains.

U.S. Ambassador Wicks, for her part, lauded the Vietnamese government's open dialogue, noting that economic, trade and investment cooperation remain foundational to the U.S.-Vietnam Comprehensive Strategic Partnership. She reaffirmed U.S. support for a strong, resilient, prosperous and independent Vietnam.

During the talks, industry leaders presented specific sector-by-sector expectations and recommendations to bolster cooperation with Vietnam.

Apple, Intel, and Meta called on Vietnamese authorities to roll out next-generation investment incentive mechanisms, accelerate the development of the semiconductor industry, and deepen supply chain integration.

Their proposals focused on high-tech workforce training, integrating local suppliers into global supply chains, and deploying artificial intelligence across business operations.

Energy giants AES and GE Vernova proposed continued cooperation in power generation, transmission infrastructure, and energy equipment supply chains to meet growing industrial power demand in Vietnam.

Meanwhile, private equity firms KKR and Warburg Pincus called for streamlined procedures for mergers and acquisitions (M&A), antitrust reviews, initial public offerings (IPOs) and stock market listings.

PepsiCo and Philip Morris International recommended refining sectoral regulations in line with realities, while boosting technology integration to promote sustainability, food safety, and public health.

Besides, U.S. executives suggested local authorities digitize investment licensing procedures and establish regulatory frameworks enabling factory developers to directly supply rooftop solar power to tenant enterprises.

In response, Deputy PM Tuc said he welcomed the proposals and expected U.S. technology giants to help Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), engage more deeply into global value chains.

"The government is actively resolving regulatory bottlenecks in rooftop solar energy to satisfy the power demands of both businesses and residents," he added.