In mid-May 2025, a delegation from the Ministry of Finance, accompanied by over 100 Vietnamese enterprises, participated in the 2025 SelectUSA Investment Summit in the United States. This was the first time Vietnam attended the event with its largest-ever delegation of registered enterprises, and the bilateral dialogue activities at the Summit as well as the “Connect with Vietnam” event also left significant marks in the economic and diplomatic cooperation between Vietnam and the United States.
Deputy Minister of Finance Cao Anh Tuan attended several significant plenary sessions, including themes on industrial innovation, technological development, and green transformation. Speaking at the plenary, the Deputy Minister affirmed that Vietnam is not only opening its doors to welcome investment but also determined to establish a stable, favorable investment ecosystem that aligns with global trends. He also emphasized the role of digital transformation, green infrastructure development, and reforms in tax, customs, and finance policies to enhance national competitive capacity.
The delegation from the Ministry of Finance also held a series of bilateral meetings with representatives of the U.S. Department of Commerce. Within this framework, several major Vietnamese enterprises presented specific proposals: The National Oil and Gas Group (PVN) aims to further promote cooperation with ExxonMobil in supplying crude oil to Binh Son Refining and Petrochemical Joint Stock Company (BSR). To date, BSR has imported 27 cargoes of WTI Midland crude oil from partners such as ExxonMobil/EXTAP, Shell, Vitol, and Trafigura, with a total volume exceeding 22 million barrels and an equivalent value of nearly USD 1.8 billion. The Vietnam Rubber Group is seeking cooperation opportunities with a U.S. entity to invest in industrial park infrastructure to support Vietnamese businesses investing in the U.S., as well as to meet the needs of other companies entering the U.S. market (factories, warehouses, distribution hubs, etc.), following a model similar to VSIP in Vietnam.
Through the introduction of the Ministry of Finance, VIMC had a separate working session with the U.S. Export-Import Bank (US Ex-Im Bank). During the meeting, Vietnam Maritime Corporation presented its investment plans for a low-emission port system, the transition of its container fleet to LNG fuel, and the development of a green logistics chain. The US Ex-Im Bank highly appreciated the cooperation potential and is currently considering granting a preferential credit line aligned with sustainable development goals, with implementation expected to begin in the third quarter of 2025.
Notably, at the Connect with Vietnam conference, VIMC Vice President Dr. Le Quang Trung introduced two key initiatives: the Port Interlinks project—a smart port connectivity system between Vietnam and the United States—and the Vietnam House logistics hub model in the U.S. These two proposals not only reflect a long-term vision but also serve as concrete proof of the strategic execution capability of Vietnam’s leading logistics enterprise.
The Port Interlinks project focuses on integrating digital data between ports in both countries, applying blockchain technology and AI-powered sensors to shorten customs clearance time, optimize operations, and reduce logistics costs. The project received positive feedback from representatives of major port states such as Texas, California, and New York. At the same time, Mr. Le Quang Trung proposed advancing cooperation to develop a Vietnam–U.S. smart maritime corridor, with VIMC playing a central role in coordinating data and technical standards.
To conclude a productive day of engagements with major U.S. enterprises, Deputy Minister Cao Anh Tuan and Ambassador Nguyen Quoc Dung, along with the working delegation, held a meeting with Mr. Steven, Vice President of OEC Group.
OEC Group is a global logistics company founded in 1981, headquartered in New York (USA). With nearly 1,000 employees and a presence in over 50 countries, the company offers a full range of services including ocean and air freight, customs brokerage, warehousing, and cargo insurance. Its estimated revenue for 2025 is approximately USD 471.4 million, serving more than 50,000 customers worldwide. The company is among the market leaders and ranks in the Top 2 in terms of trans-Pacific shipping volume, making it a trusted partner for businesses across the global supply chain.
During the meeting, Mr. Steven reaffirmed OEC Group’s strong commitment to working closely with VIMC to realize the investment project for the VIMC Logistics Center in the United States. Deputy Minister Cao Anh Tuan highly valued the partnership and requested VIMC to draft a Memorandum of Understanding outlining specific areas of cooperation to be signed with OEC Group. At the conclusion of the meeting, the Deputy Minister extended a cordial invitation to OEC Group to visit Vietnam at a mutually convenient time.
SelectUSA 2025 concluded with numerous opportunities unveiled, yet Vietnam’s new journey of deeper international integration — with the Ministry of Finance acting as the chief coordinator and VIMC as one of the key strategic highlights — has only just begun. This marks an important step forward as Vietnam gradually affirms its role as a proactive, reliable partner with long-term vision, not only with the United States but also within the broader U.S. market.
