Vietnam, US enhance connectivity in industrial and energy fields
VOV.VN - The Vietnam - US Trade Forum has contributed to providing fresh impetus for businesses as they seek to enhance connectivity in industrial and energy fields whilst promoting trade exchanges and investment between the two countries in a balanced and sustainable manner, according to insiders.
Deputy Minister of Industry and Trade Do Thang Hai made the statement during the Vietnam - US Trade Forum, which opened with the theme of “Strengthening connections with US industrial and energy corporations” on September 13 in Ho Chi Minh City.
The event provided an ideal venue in which managers, experts, and business leaders of the two countries can come together to discuss potential areas and create fresh opportunities for Vietnamese businesses to participate in the supply chain of aviation and energy sectors, Deputy Minister Hai said.
He went on to highlight the historic visit to Vietnam by US President Joe Biden and the upgrade of bilateral ties to a comprehensive strategic partnership, a factor which offers unprecedented opportunities for promoting ties in new fields and enhancing the nation’s greater presence in the global value chains.
For his part, Maxime Dourdan, Supply Chain Business Development Manager for Southeast Asia, Japan, and the Republic of Korea of Boeing, spoke highly of the Vietnamese market’s potential and key position for Boeing's business strategy and co-operative opportunities. Indeed, this will help Boeing successfully implement an effective investment plan in the nation moving forward.
He added that Boeing will primarily focus on deepening trade relations with Vietnamese airlines, stepping up linkages in a number of specific fields such as helicopters and transportation, along with the development of the supply chain of spare parts and equipment for the aviation sector in Vietnam in the time ahead.
Two-way trade turnover has continuously witnessed a high growth rate, representing a 275-fold increase, from about US$450 million in 1994 to US$124 billion in 2022.
The US has therefore been the nation’s most important trading partner for several consecutive years, with last year seeing the country become the eighth largest trading partner of the US.
