Vietnam is welcoming its largest-ever delegation of American businesses, with 64 companies from various industries visiting the country as part of a three-day trade mission. This milestone underscores the growing interest of US corporations in Vietnam’s dynamic market and its expanding economic opportunities.
Historic Visit by Leading US Corporations
On March 18 in Hanoi, the US-ASEAN Business Council (USABC) held a press conference announcing the unprecedented visit. The first delegation, comprising 58 top American firms, is visiting from March 18 to 20, followed by another focused on healthcare and life sciences from March 20 to 21. This combined group represents the largest business delegation ever brought to Vietnam under USABC’s initiatives.
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Leading the delegation are USABC Chairman and former US Ambassador to Vietnam Ted Osius, former US Ambassador to Malaysia Brian McFeeters, and Boeing Vietnam Country Director Michael Nguyen.
This visit is particularly significant as it coincides with the 30th anniversary of the normalization of Vietnam-US relations in 2025. It also highlights Vietnam’s increasing appeal as a key investment destination for US firms, especially in sectors such as technology, finance, manufacturing, energy, aerospace, and consumer goods.
Global Giants Exploring Vietnam’s Investment Landscape
Several globally recognized companies are part of this mission, including Boeing, Apple, Intel, Coca-Cola, Nike, Amazon, Bell Textron, and Excelerate Energy. During their stay, the delegation is scheduled to meet with Vietnamese government leaders and participate in activities celebrating three decades of strong diplomatic and economic ties between the two nations.
US Businesses Express Confidence in Vietnam’s Future
“As Vietnam enters a new chapter with a fundamentally reformed and streamlined political system, the American business community looks forward to the positive impact of these changes and the opportunities ahead,” said USABC President Ted Osius.
He emphasized that the record number of American businesses participating in this visit reflects their strong belief in Vietnam’s economic future and the vast opportunities available.
Despite global trade uncertainties and potential tariff risks, Osius reaffirmed the US business community’s commitment to fostering stable, mutually beneficial trade relations with Vietnam.
“We recognize the challenges ahead, but we also acknowledge the enormous potential for deeper cooperation between our two countries,” he added.
US Support for Vietnam’s International Financial Center Ambitions
Osius also expressed support for Vietnam’s goal of developing an international financial center, stating that the US is eager to contribute to these efforts. On a personal note, he shared his plans to relocate to Ho Chi Minh City in July, describing it as a “dynamic city with abundant opportunities.”
Industry Leaders Eye Investment and Expansion in Vietnam
The delegation includes executives from a range of industries, all keen to explore investment and expansion opportunities in Vietnam:
Renewable Energy: A representative from Pacifico Energy Group shared the company’s plans to invest in Vietnam’s growing offshore wind power sector. Recognizing Vietnam’s vast potential in this area, Pacifico aims to collaborate on energy security projects and pave the way for other international investors.
Technology & AI: Meta (Facebook’s parent company) confirmed its long-term commitment to Vietnam and outlined plans to expand its presence in virtual space services. The company estimates that its upcoming initiatives will create 1,000 high-tech jobs in the country. Additionally, Meta is partnering with local firms to develop Vietnam’s largest AI-driven database, including AI tools designed specifically for Vietnamese users.
Strengthening Vietnam-US Economic Ties
The record-breaking US business delegation marks a new milestone in Vietnam-US economic relations. With growing confidence in Vietnam’s business climate, American investors are increasingly positioning the country as a strategic hub for innovation, trade, and economic collaboration. This visit is expected to generate new partnerships and investment deals, further solidifying Vietnam’s role as a leading destination for global enterprises.
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Source: Vietnam Insider