US-ASEAN Business Council Leads Virtual Delegation to Support Vietnam on COVID-19 Economic Recovery

(Hanoi) - From September 30 to October 16, 2021, the US-ASEAN Business Council (the Council) led a delegation of 37 leading U.S. companies on the 2021 Vietnam Business Mission. The Council's delegation met with government officials and key stakeholders across several ministries and agencies to reinforce the Council's dedication to supporting Vietnam's COVID-19 economic recovery. During the Mission, the Council reaffirmed its commitment to establish working relationships with the new Government in Vietnam and deepen existing relationships with key Government of Vietnam (GOV) agencies and offices, relevant members of the National Assembly, and members of the Politburo. This year, the Mission was conducted virtually. The Mission was also co-led by the Council’s President & CEO Ambassador Ted Osius; the Council's Senior Vice President & Regional Managing Director Ambassador Michael W. Michalak; and Son Pham, CEO of GE Vietnam, Country Leader of GE Healthcare and Chair of the Council’s Vietnam Committee.

"We commend the Vietnamese Government's efforts to keep everyone safe, maintain business continuity, and adapt to improve its pandemic control approach," said Ambassador Ted Osius. “The American business community is committed to supporting Vietnam’s dual goal of pandemic control and economic growth. We look forward to deepening our existing relationship with the Government of Vietnam and supporting its post-COVID-19 economic reopening plan."

During the Mission, members highlighted their contributions to Vietnam COVID-19 control and prevention, including through the shipment of vaccines, and introduced digital and financial tools to support safe reopening of the economy, especially for travel and tourism. In addition, members proposed new areas of cooperation and highlighted ongoing initiatives in various sectors including energy, health, digital transformation, and innovation in Vietnam.

“As both Vietnam and the United States face immense economic impacts caused by latest COVID-19 wave, bilateral relations between our two countries have never been more important,” said Ambassador Michael W. Michalak. “Over the last few months, we have seen a blossoming of the US-Vietnam relationship, with visits by Secretary of Defense Lloyd Austin and by Vice President Kamala Harris during which many cooperative programs were raised in important fields including digital transformation, health cooperation and climate change. The US business community hopes to contribute to this bilateral relationship by maintaining our operation and creating jobs and further growth for the broader economy.”

"The American business community continues to be encouraged by the value the new administration under Prime Minister Pham Minh Chinh places on engaging U.S. businesses, especially given the context of the ongoing pandemic," said GE. "In each discussion throughout our mission, Vietnamese Government leaders identified priority growth sectors and welcomed our ideas and project proposals on how industry can collaborate with the government to help the economy bounce forward and maintain sustainable economic growth.”

The delegation met with Cabinet members and senior members of the Vietnamese Government, including: Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, Chairman of the Central Party Committee on Economic Affairs Tran Tuan Anh, Minister of Public Security To Lam, Governor of the State Bank of Vietnam Nguyen Thi Hong, Minister of Culture, Sports and Tourism Nguyen Van Hung, Vice Minister of Finance Vu Thi Mai, and Vice Minister of Health Truong Quoc Cuong among many others.

Companies in the Council’s delegation include: GE, Abbott, AES, Coca-Cola, 3M, Agoda, AIG, Amazon Web Services (AWS), Autodesk, Apple, Bayer, Bay Global Strategies, Bell, Boeing, Bank of America, Citi, CropLife Vietnam, Energy Capital Vietnam (ECV) Holdings, Facebook, FedEx, Ford, Google, IBM, Lockheed Martin, Mastercard, MSD, Netflix, Oracle, Organon, Suntory PepsiCo, Philip Morris International, Qualcomm, Salesforce, UL, UPS, Varian, and Visa.


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Since 1984, the US-ASEAN Business Council has been the premier advocacy organization for U.S. corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's membership of nearly 170 companies generates almost US$7 trillion in revenue and employs more than 14.5 million people.  Today our members include the largest U.S. companies conducting business in ASEAN and range from newcomers to the region to companies that have been working in Southeast Asia for more than 100 years. The Council has nine offices around the globe, in Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; Singapore; and Yangon, Myanmar.