US firms commit long-term investment in Vietnam

At a dialogue with Prime Minister Pham Minh Chinh in Hanoi on May 13, US enterprises operating in Vietnam affirmed their commitment to sustainable, long-term investment in the country amid current challenges, according to a report from the Vietnam News Agency.

The meeting gathered representatives from the US Embassy, the American Chamber of Commerce (AmCham), and over 50 leading US corporations, including Boeing, Molex, Excelerate Energy, Abbott, Coca-Cola, and GE Vernova.

They also expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favorable investment climate. 

PM Chinh highlighted Vietnam’s ongoing efforts to address US concerns, crack down on trade fraud, and improve the domestic business climate through stepping up administrative reform, removing unnecessary business conditions, cutting procedural timelines, and lowering costs for citizens and businesses.

He called on US companies to convey Vietnam’s efforts and goodwill toward a mutually beneficial tariff agreement to the administration of President Donald Trump.

The Vietnamese Government will continue to create favorable conditions and safeguard the legitimate rights and interests of all investors, including US companies, to support their effective and sustainable operations in Vietnam, according to the PM.

As of the end of 2024, US foreign direct investment (FDI) in Vietnam hit about $11.94 billion, across more than 1,400 projects.