Vietnam Should Get Ready for More US Investment

Vietnam's Ambassador to the US, Nguyen Quoc Dung, says relations between the two countries are at their strongest since 1995, creating opportunities for provinces and cities to attract high-quality investment.
Ambassador Dung said the upgraded partnership has created a framework for deeper economic and investment cooperation.
Local diplomacy supports economic development.
A conference on foreign affairs brought together over 300 participants to discuss how to use international resources for development.
Deputy Foreign Minister Ngo Le Van said local governments have signed over 900 international agreements and organized over 2,500 conferences and seminars.
Local authorities are paying more attention to cooperation after agreements are signed. They are also managing delegations and implementing mechanisms more effectively.
Many provinces and cities are aligning foreign affairs with investment promotion and tourism development.
Foreign direct investment is driving local economic development. Localities are focusing on technology transfer and workforce development.
Investment in electronics and energy is strengthening local production capacity.
Ambassador Dung urged provinces to find the right US investment opportunities.
Ambassador Dung said Vietnam-US relations are at their most favorable since 1995.
The new partnership has created opportunities for cooperation in investment and technology.
The partnership will only be successful if it leads to concrete investment projects.
The new context of Vietnam-US relations is a special opportunity for local governments.
US foreign economic policy has evolved to strengthen domestic manufacturing. Vietnam is an important partner in the Indo-Pacific region.
The US and Vietnam are cooperating in semiconductors, artificial intelligence, and clean energy.
US companies want more than low production costs.
American businesses see Vietnam as more than a low-cost manufacturing destination.
US companies are exploring opportunities to establish manufacturing facilities and research centers in Vietnam.
Vietnam's institutional reforms and economic growth strategy are attractive to foreign investors.
Vietnam's priorities align with the investment interests of American companies.
Companies consider the quality of the workforce, policy transparency, and digital infrastructure when making investment decisions.
The focus should shift from attracting more investment to attracting the right investment.
Many localities are still taking a passive approach to investment promotion.
US states are becoming active in international cooperation, and Vietnamese provinces can connect with them directly.
Local authorities should focus on attracting the right investors in the right sectors.
Provinces and cities should prepare investment projects that are ready for implementation.
This will demonstrate that local governments are prepared to receive high-quality investment.
Vietnam-US relations have entered a new stage. Localities must prepare infrastructure and investment-ready projects to attract high-quality foreign investment.
Tran Thuong