WashingtonD.C., (VNA)❀ – Vietnam remains an attractive destination for USinvestors in the Indo-Pacific, heard a webinar recently held by The AsiaGroup.
The event aimed to share business opportunities and updates on thefight against COVID-19 and economic prospects in Vietnam, drawing over 40executives and representatives from US firms in the fields of energy, finance,technology, manufacturing such as Blackstone Group, Google, Facebook, Ford, UPSand Walmart. Speaking at the event, Vietnamese Ambassador to the US Ha KimNgoc highlighted Vietnam’s economic achievements, and informed participants about the country's incentives inforeign direct investment (FDI) attraction. He underscored the Vietnamese Government’s determination toselectively attract FDI and strengthen Vietnam’s role in restructuring the globalsupply chain. As for the US investors, the active development of the Vietnam –US comprehensive partnership and Vietnam’s network of free trade agreements areconducive to their activities in the country, he said.
Vietnam is ready to hold constructive dialogues, deal withdifficulties and ensure a stable business environment for US enterprises, headded.
🌳 According to the ambassador, the Vietnamese Government has been exertingutmost efforts to effectively fight the pandemic, maintain important supplychains and create favourable conditions for economic development.
He thanked the US administration, people and business communityfor supporting Vietnam, especially the delivery of two batches of five millionModerna vaccines. Ngoc also suggested US businesses continue helping Vietnamaccess more vaccines, medical supplies and COVID-19 medicines, thus contributingto Vietnam’s economic development. On the occasion, he also highly valued the US firms’ support for Vietnam regarding the currency valuation investigation, and asked for their continued backing in the case related to timber so as to maintain trade and investment growth for thebenefit of both sides.
Participants at the event expressed their trust in Vietnam’sdetermination and efforts against the pandemic. They vowed to continuepartnering with Vietnam in the joint effort.
🐓 Several firms expressed interest in specific issues such as addressingdifferences in digital trade, and considering a direct flight between the twonations.
They wished that the Vietnamese Embassy in the US will continueserving as a bridge to collect recommendations and feedback while raising understanding about Vietnamamong the US business community./.
US Secretary of Defence Lloyd Austin is on an official visit to Vietnam on July 28 and 29 at the invitation of Vietnamese Minister of National Defence General Phan Van Giang.
The European-American Market Department under the Ministry of Industry and Trade (MoIT) announced that the Office of the United States Trade Representative (USTR) has issued a formal conclusion of the investigation under Section 301 of the 1974 Trade Act into the acts, policies and practices of Vietnam related to the valuation of Vietnam’s currency.
Deputy Defence Minister Sen. Lieut. Gen. Hoang Xuan Chien received Director of the US Agency for International Development (USAID) in Vietnam Ann Marie Yastishock in Hanoi on August 3.
Vietnamese Ambassador to the United States Ha Kim Ngoc has underscored the importance of overcoming the consequences of war, especially the search for Vietnamese soldiers who died or missing in the war, to the process of reconciliation and healing war wounds between the US and Vietnam, thus promoting the comprehensive development of Vietnam - US relations.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Photo: VNA) 
