Vietnam-US Business Forum Held in Oregon State

Hoang Anh Tuan, Vietnamese Consul General in San Francisco addresses the 2023 Vietnam - US Business Forum. Source: VOV

The United States is one of Vietnam’s leading partners in key cooperation fields, reaffirmed Hoang Anh Tuan, Vietnamese Consul General in San Francisco, at the Vietnam - US Business Forum 2023 held in the State of Oregon on May 18, VOV reported.

Addressing hundreds of Vietnamese and US business executives at the forum, Tuan underscored the importance of international trade and investment for Vietnam’s economic growth and development.

He emphasised that Oregon is well known as a pioneer in innovation, technology, and sustainability with a hub for start-ups.

With a number of similarities, Tuan expressed his belief that the partnership between the two sides is expected to create fresh opportunities for businesses moving forward.

At the event. Source: Tran Thang

For his part, Vince Porter, Economic Development and Workforce Policy Advisor to Oregon Governor Tina Kotek, said Vietnam is one of Oregon's leading trading partners, as it has become an important production base for the world's leading companies based in Oregon, including Intel, Nike, and Columbia Sportswear.

Vietnam and Oregon also boast huge potential for cooperation in agricultural, food, and beverage development, said Porter revealing that a business delegation from Oregon is expected to attend the Vietnam Food Expo 2023 in Ho Chi Minh City this November.

Sharing this perspective, Nguyen Hong Duong, deputy director of the Europe-America Market Department under the Ministry of Industry and Trade pointed out that there is plenty of room to build further ties between the two sides in traditional fields such as renewable energy, manufacturing, and education.

The two governments will work together and discuss cooperation frameworks with partners, including the Indo-Pacific Economic Framework to reinforce economic cohesion and generate benefits for businesses of the two countries, Duong stressed.

Governor of Oregon Governor Tina Kotek, Vietnamese Consul General in San Francisco Hoang Anh Tuan and delegates. Source: Vu Thanh Le

At the forum, participants touched upon issues related to the local investment climate and shared experience in market development and capacity building so as to meet the stringent requirements and technical regulations set by the US market.

Experts also put forth a range of solutions aimed at developing import and export activities and attracting the supply chain and FDI inflows from the US in future.

Vietnam is the eighth biggest export market of Oregon, with the turnover surpassing USD 1 billion in 2021.

Earlier this May, the Vietnamese Embassy in Washington DC in coordination with The Asia Group held a gathering with Vietnamese enterprises participating in the 2023 SelectUSA Investment Summit.

The Vietnamese businesses delegation to the 2023 SelectUSA Investment Summit comprises over 30 delegates representing 20 firms which have invested in the US or have an intention to do so in various industries, including electric vehicle and battery production and assembly, software, construction and interior decoration, logistics and transport, food processing and packaging.

Vietnamese enterprises shared their business plans in the North American country and expressed their hope that the two governments' agencies will continue to support their business and investment activities in the US.

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