Vietnam expects US support in climate finance
Vietnam is seeking the transfer of renewable energy technology and climate finance from the US.
Vietnam is seeking the transfer of renewable energy technology and climate finance from the US.
The US remained Vietnam’s largest export market with a turnover of $77.7 billion, and China was the country’s largest import market with $82.1 billion.
The US and Vietnam have achieved enormous successes and expanded relations into all areas of cooperation – from political to strategic, economic and trade, citizen to citizen, and business to tourism
The US Department of Agriculture (USDA) noted the market is fond of fragrant rice from Vietnam, including the ST25, one of the world's best rice varieties.
The Vietnamese Government continues to exercise monetary policies to contain inflation, stabilize macro-economic conditions, and support economic recovery.
Vietnam is fast becoming a key production hub for major US tech firms.
Foreign resources are key for Vietnam in the process of building an independent and self-reliant economy.
The US IT company expects to help Vietnam build up digital skills for both private and state sectors, as well as develop data science.
The capital market, digitalization, energy transition, climate change, and strategic infrastructure are key potential fields for Warburg Pincus to focus on in Vietnam.
Businesses from the two countries signed four memorandum of understanding (MoU) in facilitating trade and agricultural production.