Prime Minister Pham Minh Chinh meets with representatives of the US business community in Vietnam, May 13, 2025. (Photo: Lai Hoa/VOV)

Speaking at a meeting on Tuesday with representatives of American businesses in Vietnam, his 2nd meeting with the community in just two months, PM Chinh called on US companies to convey Vietnam’s efforts and goodwill toward a mutually beneficial tariff agreement to the administration of President Donald Trump.

He stressed that Vietnam does not want a trade war between major economies and views difficulties relating to global trade tensions as an opportunity to restructure its economy and trade along fair and sustainable lines, while promoting market, product, and supply chain diversification.

The PM’s 2nd meeting with US businesses in Vietnam in just two months aims to create the best conditions for the community.

The PM highlighted Vietnam’s ongoing efforts to address US concerns, crack down on trade fraud, and improve the domestic business climate through stepping up administrative reform, removing unnecessary business conditions, cutting procedural timelines, and lowering administrative costs for citizens and businesses.

"In the spirit of promoting an enabling Government, with businesses and the people at the center, institutions as the driving force, and infrastructure as the foundation for shared success and development, we welcome the active participation of US businesses in Vietnam,” he said.
The Vietnamese government pledges to create favorable conditions for US enterprises’ operations and development, protect their legitimate rights and interests, and create all possible conditions for the two sides to grow together and enjoy the fruits of cooperation, the PM noted.

Representatives from the US Embassy, the American Chamber of Commerce (AmCham), and over 50 leading US corporations, including Boeing, Molex, Excelerate Energy, Abbott, Coca-Cola, and GE Vernova appreciated the Vietnamese Government’s goodwill and efforts to maintain a favorable investment climate. They affirmed their commitment to sustainable, long-term investment in Vietnam.

As of the end of last year, US foreign direct investment (FDI) in Vietnam hit more than 11.9 billion USD, across some 1,400 projects. Most major US multinationals have so far established a presence and are operating effectively in the country.