The Vietnam – United States Trade Forum 2022 will be held in Ho Chi Minh City on November 17 to help further promote trade and investment ties between the two countries.
The event will be co-organised by the Ministry of Industry and Trade, the American Chamber of Commerce in Vietnam (Amcham Hanoi), the US-ASEAN Business Council (USABC), and the Oregon State government.
Leading experts from Vietnam and the US are expected to update participants on trade and investment policies of both countries amid a period of global supply chains shifting trends, post-COVID-19 economic recovery, and the future development of digital trade and services.
Experts will also seek ways to boost connectivity and engagement of Vietnamese businesses in the global supply chain, help them devise effective, long-term business plans and create further investment co-operation opportunities.
According to the latest data compiled by the General Statistics Office, the US remains Vietnam’s largest export market, with an estimated export turnover reaching US$93.4 billion, and imports from the market hitting about US$13 billion over the past 10 months.
Last year saw bilateral trade hit US$111.56 billion, representing an increase of nearly US$21 billion compared to 2020 and making the US Vietnam’s second trading partner, after China, with two-way trade exceeding the US$100 billion mark.
Meanwhile, the Ministry of Planning and Investment reports that the US investment in Vietnam has reached US$11 billion, with several leading US corporations such as P&>, Coca Cola, Apple, Google, and Intel injecting their money into the country despite COVID-19 challenges.