On November 17, the Ministry of Industry and Trade organized the Vietnam - US Trade Forum with the theme Change - Challenge - Adaptation.
Promote investment cooperation
Speaking at the forum, Vice Chairman of Ho Chi Minh City People's Committee Phan Thi Thang said that Ho Chi Minh City is honored to be the place to deploy many cooperation activities with the US in many fields.
At the forum, leaders, experts and enterprises of the two countries shared on the topic "Commodity trade in the new cooperation space"; “Digital commerce and services” ....
These contents are of great significance when the fields of logistics, commerce and digital services are assessed as having great potential and are an indispensable factor in the process of city transformation, striving to implement the development growth model. quickly and sustainably, maintaining its role as the economic locomotive of the country.
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Vice Chairman of Ho Chi Minh City People's Committee Phan Thi Thang speaks at the Vietnam - US Trade Forum 2022. |
According to Ms. Thang, the city is also implementing many important projects with the determination to maximize the potential and advantages for the city to rise up and develop properly in the new phase of the logistics industry development project; The project of Building a city into a smart city... The city invites US businesses to promote and cooperate in investment with the city in the above areas.
In particular, the United States is one of the major import markets for Vietnam's agricultural, forestry and fishery products. On this occasion, the city wishes to strengthen cooperation with the US and propose US agencies to consider and support the city to conduct pre-feasibility studies on the establishment of a Center for Irradiation of Export Goods and provide technical and specialized support. subjects, personnel.
“Thereby, the city and provinces in the Mekong Delta will maximize their agricultural resources. Providing diversified agricultural products, ensuring quality standards for US consumers, promoting trade between the two countries, "- Ms. Thang emphasized.
Ms. Pamela Phan, Deputy Assistant Secretary for Asia, US Department of Commerce, said that both the US public and private sectors are ready to strengthen cooperation with Vietnam in general and HCMC said especially in new initiatives, potential areas and in line with current sustainable development trends such as digital economy, health, education, financial services, etc.
Promote trade and investment exchanges between the two countries
Deputy Minister of Industry and Trade Do Thang Hai said that in the first 6 months of the year, Vietnam's GDP growth rate reached 6.42%, and GDP growth in 2022 is forecast to reach from 6%-6.5%.
However, Vietnam's economy is facing challenges such as persistently high inflation in many countries; Energy security, epidemics, etc. are complicated and difficult to predict.
According to Mr. Hai, in bilateral economic and trade relations with the US, the challenges posed to Vietnam are not simple. For example, the increase in the frequency of US trade remedy investigations against Vietnamese goods
Hai said that identifying these challenges is an important basis for building appropriate solutions to adapt to the new situation.
Therefore, the Ministry of Industry and Trade assessed the forum as an important opportunity for managers, experts and business leaders of the two countries to frankly discuss how to adapt to development; strengthening trade exchanges and attracting investment capital, shifting trends of the global supply chain in the post-COVID-19 context. New US policy orientation, potential areas and opportunities to promote bilateral economic and trade relations with Vietnam...
Thereby, contributing to creating motivation for the business communities of the two countries to develop strategies to access and expand import and export markets, promote trade and investment exchanges between the two countries in a balanced and sustainable direction. .
Ho Chi Minh City currently has 533 direct investment projects of US investors with a total investment value of more than 1.36 billion USD and 1,109 indirect investors in the form of capital contribution, share purchase, bought back the capital contribution of domestic enterprises with the value of contributed capital of nearly 635 million USD.
Regarding trade, in the first 10 months of 2022, import-export turnover between Ho Chi Minh City and the United States reached 7.99 billion USD, up 11.1% over the same period in 2021, of which export turnover reached 6 .2 billion USD and import turnover reached 1.7 billion USD.
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