VCCI Vice President Nguyen Quang Vinh (R) receives U.S. Commercial Counsellor Stephen L. Green

This was highlighted during a recent meeting in Hanoi between Nguyen Quang Vinh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), and Stephen L. Green, U.S. Commercial Counsellor to Vietnam. The discussion focused on prospects for bilateral economic cooperation and plans to support businesses from both countries.

According to VCCI Vice President Vinh, after 30 years of diplomatic relations, Vietnam-U.S. ties have developed comprehensively across many sectors. Vietnam is currently the eighth-largest trading partner of the U.S. and the fourth-largest export market in the ASEAN region. Conversely, the U.S. is Vietnam’s second-largest trading partner and its largest export market.

VCCI has collaborated with major U.S. corporations, including Google and Mastercard, which are globally influential partners. It also regularly works with U.S. partners, especially the U.S. Embassy, to organize and host trade promotion delegations in both markets. In addition, VCCI has expanded the distribution of its handbook on U.S. trade defense regulations to Vietnamese enterprises.

Additionally, VCCI frequently works with the U.S.-ASEAN Business Council (USABC) and the U.S. business community in Vietnam to organize bilateral trade and investment forums, discussing policies on trade, tariffs, and the global investment environment.

The annual Vietnam-U.S. Business Summit is a key platform connecting the governments and business communities of both countries. The Prime Minister has attended the summit four times and has confirmed participation in this year’s event on November 12.

U.S. Commercial Counsellor Stephen L. Green emphasized that Vietnam remains a strategic partner in the U.S.’ economic engagement in the Asia-Pacific region. Organized by the U.S. Department of Commerce, SelectUSA is the leading federal initiative promoting foreign direct investment into the U.S. Its roadshows and conferences give global investors and local businesses a unique opportunity to meet U.S. economic development officials abroad and start planning their U.S. expansion. The 2025 ASEAN Roadshow was held in Vietnam and Indonesia from November 3 to 7, providing a platform for targeted investment connections, workshops, and site visits.

“We hope to see more Vietnamese companies investing in the U.S. while encouraging U.S. businesses to expand operations in Vietnam, a dynamic and promising market,” Green emphasized.

“VCCI encourages Vietnamese enterprises to participate actively, dedicating time to meet potential partners, explore opportunities, and establish meaningful, long-term investment collaborations. We also request that U.S. trade promotion agencies support Vietnamese businesses in identifying opportunities in the U.S. market,” Vinh added.

He also said that in 2024, the Vietnamese business delegation was one of the largest from ASEAN to attend the SelectUSA Investment Summit. In 2025, Vietnam continued to lead with 134 delegates, ranking third globally and first within ASEAN.

On October 26, 2025, Vietnam and the U.S. agreed to issue a Joint Statement on the Framework for a Reciprocal, Fair, and Balanced Trade Agreement. This marks an important step in the new phase of cooperation between the two countries. Maintaining the current 20% reciprocal tariff rate and the potential for expanding tariff reductions on selected product groups will create new export growth opportunities for Vietnamese enterprises, particularly for competitive products listed in the annex of the joint statement.

“This is the time for Vietnamese companies to take a more proactive approach in going global, especially in the U.S. market, in sectors with strong potential such as real estate, trade, and renewable energy,” VCCI Vice President Vinh added.