Log in
Business

Vietnam, US to prioritize cooperation in digitalization

The strong progress in Vietnam-US relations was thanks to the strategic visions of both Governments and the active participation of businesses from the two countries.

Vietnam and the US would continue to strengthen bilateral cooperation for mutual benefits, including the acceleration of digitalization for sustainable development.

 Minister of Public Security General To Lam at the meeting. Photo: VNA

General To Lam, Minister of Public Security, made the statement at the online meeting with US-ASEAN Business Council (USABC) today [October 13].

According to Lam, the US is among Vietnam’s top trading partners and among the country’s largest export markets.

“Such achievements are thanks to the strategic vision of both Governments and the active participation of enterprises from the two countries, including business associations such as the USABC,” said Lam.

Addressing the current hardship that businesses are facing due to the Covid-19 pandemic, Lam said this is only temporary while expecting US enterprises to accompany their Vietnamese peers in the spirit of sharing benefits.

“Both US and Vietnamese enterprises should find the right direction to thrive in the new normalcy,” he added.

For his part, Former US Ambassador to Vietnam and USABC Vice President Michael Michalak highlighted significant progress in the US-Vietnam relations in the past years.

Michalak called for the Vietnamese Government in general, and the Ministry of Public Security in particular, to continue creating favorable conditions for US companies to do long-term business in Vietnam.

At the meeting, both sides have had frank discussions on issues of mutual interests, including the Cybersecurity Law, a Government decree on privacy data, or issues related to intellectual property rights protection.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam can still thrive despite global turmoil: ADB

Vietnam can still thrive despite global turmoil: ADB

For Vietnam, this is both a challenge and an opportunity to accelerate domestic reforms, expand its global partnerships, and reinforce its competitive edge in a more complex world.

FTA Index facilitates Vietnam's 8% GDP target in 2025: Prime Minister

FTA Index facilitates Vietnam's 8% GDP target in 2025: Prime Minister

The FTA Index aims to provide transparent, objective data for central and local authorities to steer and monitor integration efforts

Q1 sees foreign investors posting $1 billion in net sales

Q1 sees foreign investors posting $1 billion in net sales

Similar outflows are seen across the region with Vietnam's foreign investor outflows remain moderate.

SSC launches Vietnam Governance Manual 2025

SSC launches Vietnam Governance Manual 2025

Vietnam targets 100% online processing of business-related procedures

Vietnam targets 100% online processing of business-related procedures

By 2026, corporate compliance costs must be halved compared to 2024, achieved through a 50% reduction in processing times.

Vietnam aims to create one million new businesses by 2030

Vietnam aims to create one million new businesses by 2030

Ministries and local governments are expected to cut at least 30% of processing times, compliance costs, and unnecessary business conditions this year.

Hanoi advances energy efficiency for businesses

Hanoi advances energy efficiency for businesses

Hanoi authorities, in collaboration with relevant agencies, are providing technical support to businesses in adopting advanced energy-saving technologies and developing energy efficiency indices.

Vietnamese spend US$13 million daily on coffee and tea

Vietnamese spend US$13 million daily on coffee and tea

Total revenue for the F&B industry is expected to reach VND755.4 trillion ($29.6 billion) this year.