Vietnamese enterprises " step out to sea"
From May 12, 2025, the Ministry of Finance's working delegation led by Deputy Minister Cao Anh Tuan attended the 11th SelectUSA Investment Summit at the gaylord National Convention Center ( Mer Mer Mer Merited State, USA). This is the largest annual investment conference in the United States chaired by the country's Department of Commerce, attracting more than 5,500 delegates from more than 100 countries and 54 states across the United States.
The Vietnamese delegation had the participation of more than 130 representatives from more than 100 enterprises in many key fields: information technology, energy, processing industry, equipment manufacturing, logistics services, healthcare, agriculture, environment, tourism... Including many large enterprises such as PVN, VIMC, TKV, VRG, PVGas, FPT, An Phat Xanh, Tam Anh Hospital. The large number of enterprises has made Vietnam one of the countries with the largest delegation of enterprises attending SelectUSA 2025.
The event "Connecting with Vietnam: Cooperation - Sharing - Development" took place on the evening of 12.5 at the International Trade Center in Washington D.C, organized by the Ministry of Finance of Vietnam in collaboration with the US Department of Commerce and the Embassy of the two countries, leaving a strong impression. Deputy Deputy Minister of Commerce Dianne Farrell highly appreciated the large and serious presence of Vietnamese businesses, affirming that the United States is ready to support, accompany and create favorable conditions for Vietnamese investors to expand their operations in this market.
According to Mr. Pham Tuan Anh - Deputy Director of the Department of Debt Management and Foreign Economic Affairs (Ministry of Finance), the biggest difference of the Vietnamese delegation at SelectUSA this year is the proactive spirit and determination of both state-owned and private enterprises. "Not only large enterprises, but many small and medium enterprises have also proactively learned, connected and proposed very specific cooperation ideas. This is evidence that the Vietnamese business community has matured, ready to reach out to the world with a proactive, equal and substantial mindset," he emphasized.
From policy promotion to specific actions
Within the framework of the conference, a series of investment promotion activities were implemented by Vietnamese enterprises. Vietnam Oil and Gas Group (PVN) continues to promote cooperation with ExxonMobil in supplying crude oil to Binh Son Refinery (BSR). To date, BSR has imported 27 WTI Midland oil lots from US partners, with a total volume of over 22 million barrels and a total conversion value of nearly 1.8 billion USD.
Vietnam Rubber Industry Group (VRG) is seeking cooperation in investing in industrial parks in the US, to support Vietnamese enterprises to the US to invest in a similar model to VSIP industrial parks in Vietnam. This proposal not only supports investment infrastructure but also helps create a foundation for small and medium-sized enterprises to expand their markets internationally.
Vietnam National Shipping Lines (VIMC) has launched an initiative to connect seaport data between US and Vietnamese port systems (PORT inter interLINKS), aiming to develop Vietnam House Logistics Center in the US. VIMC had a specific working session with OEC/WORLDEX Group and the Export-Import Bank of America (US EximBank) to develop a preferential capital financing mechanism for the project.
US Vice President EximBank highly appreciated the investment opportunities suggested by VIMC. Immediately afterwards, US EximBank's international business development department, Mr. John Ahn, worked with VIMC to learn in detail about the projects and also scheduled a meeting with VIMC on June 23-24, 2025 in Hanoi to discuss more carefully and implement Due dilligences assessments of the projects.
Mr. Tuan shared that Vietnam and the United States are two economies with complementary structure. Vietnam has a need for products that are the strength of the United States in the field of energy, high technology, aviation, machinery and equipment, agricultural products, while the consumer goods that Vietnam produces and exports create a variety of choices to meet the needs of the US people with reasonable costs without competing with the United States. The strengthening and deepening of financial cooperation between the two countries will open a new cooperation space, and a symbol of trust and a comprehensive strategic partner, essentially for the prosperity of the two countries.
At the above meetings, whether with government partners or businesses, the Ministry of Finance's working delegation also frankly discussed existing issues, or the contents that both sides were interested in and were in the process of discussing to find a common voice.
"It is the frank exchanges, towards the Win-Win relationship in cooperation that in each work and dialogue we receive frank opinions that build and foster good relationships from your side" - Mr. Tuan shared.
