Government to continue facilitating US firms’ operation in Vietnam
Government to continue facilitating US firms’ operation in Vietnam: Deputy PM
The Government of Vietnam will continue creating optimal conditions for US businesses, including Hanesbrands clothing company, to operate effectively in the Southeast Asian country, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.
Deputy Prime Minister Trinh Dinh Dung (R) hosts Jerry Cook, Vice President Government and Trade Relations at Hanesbrands (Source VGP)
Hanoi (VNA) – The Government of Vietnamwill continue creating optimal conditions for US businesses, includingHanesbrands clothing company, to operate effectively in the Southeast Asiancountry, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.
At a reception of Jerry Cook, Vice PresidentGovernment and Trade Relations at Hanesbrands, in Hanoi, the Deputy PMcongratulated the group on its successful operation in Vietnam in recent pastand welcomed it to expand investment in the country.
He proposed the group pay more attention tosocial and charitable activities to help improve the quality of life forlocals.
The presence of US major groups, includingHanesbrands, has significantly contributed to the promotion of trade andinvestment relations between the two countries, he said.
The Vietnam-US comprehensive partnership hasdeveloped pragmatically and effectively in all fields over the past time withthe focus on economy, trade and investment relations, Dung said, adding thattwo-way trade stands at around 28.4 billion USD at present.
Jerry Cook said Hanesbrands has received bigassistance from the Vietnamese Government, ministries, departments andlocalities over the past time.
US businesses highly appreciate the assistanceof the Vietnamese Government, especially its efforts in improving the businessand investment environment, he said, adding Hanesbrands is increasing thenumber of its factories and expanding the scale of production in Vietnam.
In the time ahead, the group wants to strengthencooperation with Vietnamese ministries, departments and localities,particularly in the fields of customs and taxation, the official added.
Hanesbrands is running seven plants in Vietnamwith nearly 12,000 workers, producing 26 percent of the group’s total productsin the globe.
The exportturnover of Hanesbrands Vietnam in 2018 was estimated at 400 million USD.-VNA
The Vietnam-US cooperation in gas power and infrastructure development in the liquefied natural gas (LNG) sector was the focus of a seminar in Ho Chi Minh City on December 6.
Deputy Prime Minister Vuong Dinh Hue had a working session in Hanoi on March 8 with Charles Freeman, Senior Vice President for Asia at the US Chamber of Commerce (USCC).
Minister-Chairman of the Government Office Mai Tien Dung appreciated the US Agency for International Development (USAID) increasing its support for Vietnam over the past years during a working session with the agency’s leaders in Washington DC, the US, on April 10.
Vietnam and the US reiterated their commitments to deepening cooperation in energy security during their second energy security dialogue in Washington D.C on April 12.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Deputy Prime Minister Trinh Dinh Dung (R) hosts Jerry Cook, Vice President Government and Trade Relations at Hanesbrands (Source VGP) 
