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Vietnam-U.S. Cooperation Forum 2024: Strengthening Bilateral Relations for the Future.
The Vietnam-U.S. Cooperation Forum 2024 highlighted the growing partnership between Vietnam and the U.S., focusing on trade, investment, and innovation. Held in Ho Chi Minh City, the event showcased Vietnam’s role as a key global supply chain hub and a strategic partner for U.S. businesses. Join Eili Industrial in exploring the Vietnam-U.S. Cooperation Forum 2024, which highlighted the strengthening partnership between Vietnam and the U.S.
When was Vietnam-U.S. Cooperation Forum 2024 held?
On December 6, 2024, the Vietnam-U.S. Cooperation Forum was successfully held at the Rex Hotel in Ho Chi Minh City. This high-profile event marked a pivotal moment in fostering bilateral relationships, particularly as Vietnam becomes a key player in global supply chains and a strategic partner for U.S. businesses.
Organized by Vietnam’s Ministry of Industry and Trade in collaboration with AmCham Vietnam and the U.S.-ASEAN Business Council (USABC), the forum showcased Vietnam’s potential as a reliable partner amidst global economic shifts. The event was conducted in a hybrid format, accommodating both in-person and virtual participants to enhance accessibility and inclusivity.
Highlights of Vietnam-U.S. Cooperation Forum 2024
One of the most impactful sessions was led by Mrs. Barbara Weisel, Former Assistant U.S. Trade Representative. Her candid and insightful discussion on U.S. trade policies offered actionable recommendations for businesses navigating the intertwined opportunities and challenges of today’s global economy. Mrs. Weisel emphasized the importance of structured business plans, tailored to address both the evolving trade landscape and Vietnam’s growing role in international commerce.
The forum also highlighted significant trade growth between Vietnam and the U.S., supported by data from the U.S. Census Bureau and Vietnam Customs. In 2024, Vietnam became the 8th largest trading partner of the U.S., with total trade reaching $123.2 billion, marking a 19.3% increase compared to 2023.
- Vietnam’s Exports to the U.S.: $112.7 billion
- Vietnam’s Imports from the U.S.: $10.5 billion
- Trade Surplus: $102.2 billion
This milestone underscores Vietnam’s rising economic significance and its capacity to meet U.S. market demands across various sectors.
The forum focused on the theme “Overcoming the Headwinds”, exploring strategies to navigate the global economic challenges while seizing opportunities for deeper economic integration. Key topics included:
- Trade and Investment Policies: Updates on Vietnam’s efforts to attract U.S. investments, particularly in technology and manufacturing sectors.
- Supply Chain Resilience: Discussions on how Vietnam can position itself as a crucial hub in global value chains, supported by insights from business leaders and experts.
- Technology and Innovation: Sessions addressing frontier technologies, artificial intelligence, and cybersecurity, featuring speakers from leading global companies like Walmart, TikTok, and Google DeepMind.
- Networking and Collaboration: The forum provided a platform for business leaders from both nations to connect, explore partnerships, and participate in trade promotion activities.
Attendees included representatives from the Vietnamese government, U.S. multinational corporations, and local businesses, creating an ecosystem for mutual growth and innovation. Notable speakers included experts in technology, trade policy, and sustainability
Partnering with Eili Industrial for Future Success
As Vietnam strengthens its position in the global supply chain, companies like Eili Industrial play a crucial role. Specializing in electronics accessory manufacturing, Eili Industrial embodies the innovative spirit that events like the Vietnam-U.S. Cooperation Forum aim to highlight.
With advanced manufacturing capabilities and a strong commitment to quality, Eili Industrial is well-positioned to meet the growing demand for electronics components from U.S. businesses. Companies looking to collaborate with reliable Vietnamese suppliers can benefit from Eili Industrial’s expertise in creating solutions tailored to international standards.
For partnerships or more information about Eili Industrial, reach out via their corporate contact channels.
Conclusion
The Vietnam-U.S. Cooperation Forum 2024 not only highlighted the growing synergy between two nations but also emphasized the need for innovation, collaboration, and strategic investments to overcome global economic challenges. By engaging in forums like this and fostering partnerships with forward-thinking companies like Eili Industrial, businesses from both countries can look forward to a future filled with opportunities and mutual growth.
