Vietnamese Ministry Of Finance Seeking New Investment Opportunities In The United States

20/05/25 10:33 PM

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A Ministry of Finance delegation was recently joined by over 100 Vietnamese companies on a trip to the United States to participate in the 2025 SelectUSA Investment Summit and the “Connect with Vietnam” event.

The summit fostered bilateral dialogue between Vietnamese and American business leaders that will strengthen the diplomatic and economic cooperation between Vietnam and the United States.

Deputy Minister of Finance Cao Anh Tuan led the Ministry of Finance’s working delegation, accompanied by more than 100 Vietnamese enterprises, making Vietnam one of the countries with the largest number of participating businesses among over 100 nations attending 2025

Deputy Minister of Finance Cao Anh Tuan spent his time at the summit attending sessions on green transformation, industrial innovation and technologic development. In his remarks at the summit, the deputy minister said that Vietnam isn’t just open for investment, but that the country is committed to establishing a favorable, stable investment ecosystem that meets the current global economic moment. Digital transformation, green infrastructure development and reforms in customs, finance and tax policies, he said, would be key to enhancing Vietnam’s ability to meet that moment.

Deputy Minister of Finance Cao Anh Tuan and Ambassador Marc Evans Knapper

The Ministry of Finance delegation also met bilaterally with representatives from the U.S. Department of Commerce to discuss major Vietnamese enterprises including oil and gas initiatives and rubber production. 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. TKV and VRG are seeking American partners to invest in industrial park infrastructure which connected to VIMC’s logistics system to support Vietnamese businesses investing in the U.S., as well as to meet the needs of other companies entering the U.S, following a model similar to VSIP in Vietnam.

Major Vietnamese enterprises such as PVN, PVGas, VRG, FPT, VIMC, and others presented an overview of the economic and investment landscape as well as potential cooperation opportunities

The Ministry of Finance was also able to connect VIMC to the U.S. Export-Import Bank (U.S. Ex-Im Bank) for a joint working session. During that session, the Vietnam Maritime Corporation presented its plans for a low-emission port system, a container fleet powered by liquified natural gas, and the development of a green supply chain. After the meeting, the U.S. Ex-Im Bank is considering granting a preferential line of credit for these sustainable development goals, with implementation expected to begin in the third quarter of 2025.

VIMC Vice President Dr. Le Quang Trung introduced two key initiatives at the Connect with Vietnam conference as well, unveiling the Port Interlinks project and the Vietnam House logistics hub model in the U.S. Port Interlinks will create a spart port connectivity system between Vietnam and the U.S., and these two proposals signify how Vietnam’s leading logistics enterprise is equipped with a long-term vision and the capability to execute strategically.

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, Vice President 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 Steve Glennon, Vice President of OEC Group.

OEC Group is a global logistics company that was founded in 1981 and is 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. The company’s estimated revenue for 2025 is approximately US$471.4 million. OEC Group serves more than 50,000 customers worldwide. The company is among the market leaders and ranks in the Top two in trans-Pacific shipping volume, making it a trusted partner for businesses across the global supply chain.

During the meeting, Mr. Glennon reaffirmed OEC Group’s strong commitment to working closely with VIMC to realize the goal of a 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.

The delegation from Vietnam and its US’s counterparts at the Connect with Vietnam conference.

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.