The Ministry of Industry and Trade promotes connecting Vietnamese businesses with the business community in Portland, Oregon, USA

Representative of the Ministry of Industry and Trade, Mr. Nguyen Hong Duong, Deputy Director of the European-American Market Department, as an expert directly participating in the process of developing policies to promote economic and trade relations between Vietnam and the United States over the past 25 years have affirmed that the potential for cooperation between the two sides in traditional fields as well as new contents such as renewable energy, manufacturing, and education is huge. The two governments will work together and with partners to continue discussing cooperation frameworks, including the Indo-Pacific Economic Framework, to strengthen economic cohesion. , creating benefits for businesses and people on both sides.

Consul General of Vietnam in San Francisco Hoang Anh Tuan speaks

Speaking at the opening of the Forum, Vietnamese Consul General in San Francisco Hoang Anh Tuan affirmed the importance of international trade and investment to the country’s economic growth and development. The United States is identified as one of Vietnam’s leading partners in all pillars of cooperation. Oregon is known for its leadership in innovation, technology and sustainability. It is a startup hub, has a strong education system, and is home to a diverse economy. The Consul General believes that Vietnam and Oregon have many similarities in strengths and challenges, and believes that the partnership between the two sides can create new opportunities for businesses in both regions.

On the Oregon Government’s side, Mr. Vince Porter, Economic Development Advisor to Oregon Governor Tina Kotek, affirmed that Vietnam is one of Oregon’s leading trading partners. Vietnam is an important production base for the world’s leading companies headquartered in Oregon such as Intel, Nike and Columbia Sportswear. Vietnam and Oregon also have great potential in cooperation to develop agriculture, food and beverages and once again affirmed that they will send a business delegation from Oregon to attend the Vietnam Food Expo 2023 in November 2023. in Ho Chi Minh City.

Mr. Vince Porter, Economic Development Advisor to Oregon Governor Tina Kotek, spoke

At the Forum, businesses from both sides took every opportunity to meet and make direct contact, seek trade opportunities, grasp new business trends and solutions, thereby actively contributing to the pillar of economic and trade cooperation between Vietnam and the United States, which has achieved many great results, helping to deepen the overall Comprehensive Cooperative Partnership, meeting the interests of the Governments, people and business communities of the two countries.

The forum was attended by many Vietnamese and American businesses.

At the session, guest speakers also discussed the investment environment of both regions, highlighted areas with high growth potential, and shared success stories of companies that have invested in them. these areas; share approaches, market development and capacity building, adapting to technical requirements and regulations of the US market; At the same time, provide solutions to develop import and export and attract supply chains and FDI from the United States; From there, provide recommendations, solutions and directions so that businesses can gradually position and build their business strategies in a systematic and effective manner in the context of intertwined opportunities and challenges; contributing to motivating the business communities of the two countries to build strategies to access and expand import-export markets, promoting trade and investment exchange activities between the two countries in a balanced and sustainable direction.

 Discussion session

During the discussion, businesses from both regions had the opportunity to exchange with guest speakers to learn about opportunities, lessons and potential areas for development into large corporations in the future. The forum also devoted a large part of its time to organizing direct connections between businesses with needs from both countries. In the context of Vietnam’s unprecedented decline in exports in the first quarter of 2023, it can be assessed that trade promotion and business connection activities in the Houston area in 2023 are of particular importance, on the one hand helping businesses from both countries have the opportunity to meet directly, while at the same time supporting large US corporations that need to expand their supply chains in Vietnam, attracting US investment flows to Vietnam, especially in the fields of green manufacturing, energy and energy conversion, high technology and precision mechanics, etc., contributing to the stabilization and recovery of Vietnam’s export activities.

Businesses connect directly with partners

The forum is highly appreciated by businesses for connecting, creating an additional channel for policy advice, exchanging experiences, effective market information, and supporting businesses to overcome challenges and seize opportunities; At the same time, it creates opportunities for the  business communities  of the two countries to propose to state management agencies solutions to enhance import-export activities and promote trade and investment cooperation between Vietnam and the United States in the future. ./.