Vietnam has built strong credibility by enabling a stable macroeconomic environment, high GDP growth, and low inflation, as well as fiscal prudence with one of the lowest Government debt-to-GDP ratios in the world.

AmCham will continue to work on lowering barriers to trade and creating a high-standard, transparent, and stable business environment in Vietnam.

John Rockhold has been elected as the new Chairman of the American Chamber of Commerce in Vietnam (AmCham Vietnam) in 2022, succeeding Virginia Foote, who held the post in 2020 and 2021.

With the new United States administration recently established, the US and Vietnam are expected to continue building bilateral trade and investment ties 

As the United States and Vietnam celebrate 25 years of diplomatic relations, the partnership between the two is arguably at its strongest level, with growing trade and investment ties.

Through candid dialogue, mutual respect, and a strong commitment to succeed by the leadership of both countries, Vietnam and the United States created a comprehensive partnership that identifies areas for both countries to work together.

Vietnam has made solid efforts to be more enabling and responsive to businesses that form a firm pillar for strong economic growth. 

As Vietnam’s population continues to grow, coupled with increasing incomes and the rising demand for new food and beverage markets, issues related to sustainability and food safety management standards have become crucially important.

Improving corporate governance capacity is a major challenge for businesses, especially small-and-medium sized enterprises when joining the EVFTA, requiring the Government to have policies and mechanisms to facilitate their operation.

As American investors see bright growth prospects in Vietnam that is climbing global supply chains, many are pushing ahead with ventures across the country. 

At many political and economic events, American officials and businesses all have said that they believe the US would be the top investor in Vietnam in the near future. But this has yet to happen.

Decree 54 and the draft circular that guides its implementation compiled by the Ministry of Health have both raised controversy: foreign investors say the regulations break Vietnam’s WTO commitments.

Vietnam has been warned that FDI flow to Vietnam could shrink as investors will head for the US, where the corporate income tax (CIT) rate has been cut from 35 percent to 21 percent.

VietNamNet Bridge - Economists, while agreeing that Vietnam has opportunities to boost exports to the US and other choosy markets, say enterprises may not be prepared to grasp the chances afforded to them. 

VietNamNet Bridge - The value of Vietnam’s exports to the US increased from $1 billion in 2001 to $38.46 billion in 2016, and it may reach $40 billion in 2017. 

The government has made great efforts to be more enabling and responsive to businesses. This has received a thumbs-up from international organisations, which believe it is a sign that brighter prospects lie ahead. 

In order to attract more foreign investment, many Vietnamese localities are going above and beyond the central government’s investment incentives. And their ideas seem to be working. 

Vietnam - US two-way trade forecast at US$34.9 billion in 2014; Value-added services crucial to VN telecom; Viettel insists on mobile tariff cuts; Business shutdowns outnumber startups;

 HCM City invests just VND4.5 tril. in science, technology, HCM City invests just VND4.5 tril. in science, technology, Kinh Do continues boosting M&A activity; VFA, provinces team up for rice production