Vietnam-U.S Business Summit to Be Organized in March

11:24:19 AM | 11/3/2021

Mr. Pham Tan Cong, President of the Vietnam Chamber of Commerce and Industry (VCCI), recently hosted an online meeting with Mr. Charles Freeman, Senior Vice President for Asia at the U.S. Chamber of Commerce (USCC).

At the meeting, VCCI President Pham Tan Cong said that Vietnam-U.S. relations have developed strongly in many fields, especially bilateral trade. In 2020, the bilateral trade value reached over US$90 billion. He expressed his belief that, with the right development approach, the two countries’ economic and trade cooperation will have vast room to maintain stable growth momentum in the coming time.

Affirming the close cooperation for special ties between Vietnam and the U.S., he said that VCCI will continue to work with the U.S. Chamber of Commerce in many fields and create conditions for businesses of the two nations to seek business opportunities. He suggested solutions for building institutions, developing supply chains and supporting businesses to overcome impacts of the COVID-19 pandemic and seize positive opportunities in the context of global economic integration.

“The COVID-19 pandemic has caused significant impacts on nations, companies and people around the globe over the past two years. VCCI is currently chairing a high-level advisory group of the Government which will advise on the post-COVID-19 economic development and recovery program," said Mr. Pham Tan Cong.

“With the vision that Vietnam will become a developed country by 2045, the Vietnamese business community also needs to go global, learn from experience, acquire knowledge, and build a business culture. VCCI hopes that the U.S, as a developed and experienced country, can support Vietnam in this regard,” Mr. Cong added.

“VCCI will always support and actively cooperate with the U.S. Chamber of Commerce to foster trade and investment and support businesses of the two sides,” he emphasized.

Sharing the same viewpoint, Mr. Charles Freeman expressed his willingness to participate in some VCCI's programs and events, including policymaking recommendations and commitments to boosting bilateral trade.

He said, the U.S. Chamber of Commerce has worked closely with VCCI over the past time and looks forward to continued cooperation with VCCI in upcoming important events, such as the Vietnam - U.S. Business Summit, scheduled for March 2022.

This event will bring together government, industry and business leaders of the two countries to discuss solutions and measures to promote trade, develop supply chains, expand investment and open up new opportunities to accelerate post-COVID-19 economic recovery. This event is an opportunity for businesses of the two countries to seek investment opportunities and strengthen cooperation.

By Huong Ly, Vietnam Business Forum