3 months ago

Major Business Mission to Vietnam: Participation of American Companies

Next week, Vietnam will host a visit from over 60 prominent American companies, including technology giants, defense, and energy corporations. This business mission, organized by the American Council of Business in ASEAN, reflects growing interest in the Vietnamese market and confidence in its prospects.

Reasons for American Companies' Participation

The business mission to Vietnam is driven by several key factors:

- Changes in Tariff Policies: Vietnam is reviewing tariffs on American products, including liquefied natural gas, agricultural products, and high-tech goods.

- Economic Stability: The rapidly growing economy of Vietnam attracts foreign investors, prompting companies to consider expanding their operations in the country.

- Threat of Additional Tariffs: U.S. President Donald Trump has threatened to impose new tariffs, making the search for alternative trading routes more urgent.

Participants in the Business Mission

The list of participants includes both companies already active in the Vietnamese market and those looking to expand. Notably, the participants encompass:

1. Established Companies:

- Apple

- Intel

- Coca-Cola

- Nike

2. Corporations Considering Entry into the Vietnamese Market:

- Boeing

- Amazon

- Bell Textron

- Excelerate Energy

- GE Vernova

Representatives from Excelerate Energy and GE Vernova have already signed preliminary agreements with Vietnamese companies for gas equipment supplies, indicating active collaboration in the energy sector.

Economic Prospects of Vietnam

Vietnam offers significant economic potential, making it attractive for American investors. Key factors contributing to sustained economic growth include:

- Increasing Domestic Demand and Purchasing Power.

- Favorable Geographical Location for Export and Import Activities.

- Development of Transportation and Infrastructure Networks, which attracts foreign investments.

The following year is expected to see further deepening of economic ties between Vietnam and the U.S., presenting new opportunities for businesses in both countries.

Conclusion

The upcoming business mission to Vietnam will reflect the current trends in global markets and provide participants with an opportunity to assess the Vietnamese market landscape. Involvement of companies like Boeing and Apple highlights the confidence of American businesses in Vietnam's economic future and their preparedness to seek new avenues for growth.

Investments Tariff policies Vietnam market American companies Business mission