Trade minister works with US business community

Minister of Industry and Trade Nguyen Hong Dien had working sessions with representatives of US businesses on June 9 as part of his working visit to the US to discuss measures to boost bilateral trade and expand investment in Vietnam.

They included representatives from Warburg Pincus Investment Fund, the US-ASEAN Business Council (USABC), the American Apparel and Footwear Association (AAFA), and leading US textile, garment and footwear enterprises such as Gap, Levis Strauss, Harnes Brands, Under Amour, among others.

At a meeting with Chief Executive Officer of Warburg Pincus Investment Fund and Chairman of USABC Board of Directors Jeffrey Perlman, Mr. Dien called on the USABC and the US business community continue to support Vietnam in the process of negotiating a reciprocal trade agreement with the US, and coordinate to promote the investment and business potential and opportunities in Vietnam to US partners.

For his part, Mr. Perlman expressed his confidence in Vietnam's economic development prospects and affirmed that Vietnam is currently Warburg Pincus' second largest market in Asia. He said that Warburg Pincus is committed to long-term investment in Vietnam and will have a positive voice to support Vietnam in promoting bilateral economic and trade relations.

The two sides also discussed potential areas of cooperation such as energy, industry, digital transformation, green transition, logistics and supply chain development. 

At a meeting with leaders of the AAFA and the US corporations, Mr. Dien stressed that Vietnam is ready to be a reliable partner in the global supply chain.