Vietnam - US trade relations

WB and ADB are long-standing strategic development partners of Vietnam, having supported the country’s poverty reduction, infrastructure development, governance, and sustainable development goals for decades.

Part of a new Government decree, the early warning system aims to provide timely information to businesses and industry associations, enabling them to take preventive measures and prepare appropriate responses.

Leaders and representatives from around the world issued a clear and unified message: sustainable development must put people first and embrace technology as a force for inclusive transformation.

The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.

The VIPC Summit is the new name for the Vietnam Venture Summit, launched in 2019, marking a strategic upgrade in both scale and scope of the event.

Viet Nam and South Korea agreed to double effort to raise bilateral trade to US$150 billion by 2030 in a balanced and sustainable manner.

Key areas of cooperation include logistics, distribution, textile investment, and multilateral trade frameworks such as ASEAN - RoK, RCEP, APEC and IPEF.

According to a September 2024 report from HSBC, Vietnam ranked second among Southeast Asian markets targeted by Chinese investors, only behind Singapore.