The delegation was led by Brian McFeeters, interim president and chief executive of the US-ASEAN Business Council, during a visit to explore opportunities in Vietnam.
After more than three decades of diplomatic ties, and following the upgrade to a comprehensive strategic partnership in 2023, Vietnam-US economic relations have grown in scale and quality.
The US ranks 11th among foreign investors in Vietnam, with 1,501 projects worth nearly USD 12.3 billion. Vietnam has 266 investment projects in the US with total registered capital of about USD 1.4 billion.
At the meeting, business representatives and officials from the US embassy praised Vietnam’s socio economic progress, improving investment climate and focus on innovation and digital transformation.
US firms reaffirmed long term commitments and plans to expand investment in sectors including energy, technology, finance, aerospace, automotive, logistics, manufacturing, healthcare, agriculture and tourism.
They also called for further reforms, including streamlined administrative procedures, improved infrastructure and stronger human resource development.
Prime Minister Le Minh Hung welcomed the strong presence of US companies, describing it as evidence of growing interest in Vietnam’s market and bilateral cooperation.
He said Vietnam is pursuing rapid but sustainable growth, with a shift towards science, technology, innovation and productivity, alongside institutional reform and a more supportive governance approach.
The prime minister reaffirmed Vietnam’s commitment to international integration and to creating favourable conditions for foreign investors.
He emphasised the importance of the US as a key partner and expressed a desire to strengthen a stable and sustainable partnership benefiting both countries and contributing to regional prosperity.
Hung also urged faster administrative reforms and said ministries have been tasked with addressing business concerns.
He called on US companies to help convey Vietnam’s economic progress and support efforts to reach a fair and balanced trade agreement.
The prime minister proposed that the US recognise Vietnam as a full market economy and remove it from export control lists.
He encouraged greater US investment in energy and deeper cooperation in technology, including telecommunications, 5G and digital infrastructure, in line with regulations and security requirements.
He also highlighted Vietnam’s approval of Starlink satellite internet services and called for stronger technology transfer to support deeper integration into global value chains.
Hung invited US businesses to partner with Vietnam in hosting APEC 2027, aiming to boost investment and enhance competitiveness.