Vietnam, US seek cooperation opportunities in energy, manufacturing, insurance, finance

The event was co-organised by a delegation of the Commission for the Management of State Capital at Enterprises (CMSC), the Vietnam Trade Office in the US, and the Asian American Chamber of Commerce (AACC).

At the seminar, CMSC Vice Chairman Do Huu Huy said that by the end of 2023, Vietnam had 676 state-owned enterprises (SOEs), of them 478 100% state-owned, with total assets of about 150 billion USD. SOEs hold large capital and assets, technology, high-quality human resources and contribute significantly to the state budget. They play a dominant and leading role in many important sectors and fields of the Vietnamese economy.

Operating since 2018, the CMSC represents the State ownership in 19 corporations and companies in 16 economic and technical sectors and fields, he said, noting the commission has actively coordinated with State management agencies and policy-making agencies to detect obstacles and facilitate production and business activities. The Vietnamese representative also told US businesses about investment cooperation opportunities between the two countries.

Dr. Gergana D. Yordanova of the School of Policy and Government at George Mason University said that after the two countries upgraded their relationship last year, their educational cooperation has seen many new directions, with training majors expanded.

Currently, the university has provided training to a large number of Vietnamese students. It has plans to cooperate with universities in Vietnam. Meanwhile, many US businesses said they have planned to come to Vietnam as soon as possible to continue implementing steps in their investment cooperation agreements that have been reached at this seminar.

The seminar was held within the framework of the CMSC delegation’s working visit to the North American region.