Greetings from Bangkok! Our annual Thailand Business Mission kicked off today, with a delegation of 33 leading U.S. companies from across multiple industry sectors. The continued strength of the U.S.-Thailand commercial relationship is reflected in the list of high-level Thai government officials with whom we will meet, including but not limited to: Prime Minister General Prayut Chan-o-cha, Deputy Prime Minister Somkid Jatusripitakon, and the Ministers of Commerce, Digital Economy and Society, Energy, Finance, Industry, Tourism and Sports, and Transportation. With a new U.S.
(Bangkok) – The US-ASEAN Business Council concluded its annual Thailand Business Mission today, with 33 leading U.S. companies visiting Bangkok to further develop longstanding commercial ties between the two countries.
The Deutsche Bank released the report, "Reimagining ASEAN to 2025", on Thursday. The removal of trade barriers, supportive national and regional policies, and investment in digitalisation are highlighted as key areas of focus for the region moving forward, according to a statement.
"The 2025 ASEAN Economic Community (AEC) blueprint, and the corresponding 2025 ASEAN Capital Markets Vision have already set an ambitious vision for ASEAN's future," explains Boon-Hiong Chan, Deutsche Bank's GTB Head of Market Advocacy APAC, and lead of the "Reimagining ASEAN" report.
WASHINGTON DC — About 20 business deals worth a total of some US$10 billion between US and Vietnamese enterprises were signed yesterday during Prime Minister Nguyễn Xuân Phúc’s visit to the US.
Vietjet Air, a Vietnamese low-cost carrier, inked several deals with General Electric (GE) to buy Airbus engines for 10 new Airbus A321 aircrafts along with maintenance deals worth a total $3.58 billion.
Another billion-dollar deal was between GE and the Phú Cường Group to develop an 800 MW wind farm in the southern province of Sóc Trăng. The $2-billion agreement was among five deals involving GE worth $6 billion to support Việt Nam’s energy and aviation sectors.
GE also signed a memorandum of understanding with the state-owned PetroVietnam to develop two 750 MW combined cycle gas turbine power plants.
PM meets US trade official
It was the first visit to the US by the PM in his role as head of government.
In Washington DC, PM Phuc and President Trump held talks and met the press. It was their first meeting since the two nations chose new leadership.
During talks, the two leaders expressed their delight at the development of the bilateral comprehensive partnership in diverse areas, bilaterally and multilaterally and agreed that there are opportunities ahead to develop ties further.
Host and guest committed to developing stable, long-term, constructive and mutually beneficial ties for the sake of the two countries and for peace, stability, cooperation and development in Asia-Pacific and the world, on the basis of compliance with the United Nations Charter and international law, respect to independence, sovereignty, territorial integrity and the political regimes of each other.
(Manila) The US-ASEAN Business Council led a delegation of five food and agriculture companies to the Philippines last week. The delegation discussed how U.S. companies can support the Government of Philippines' plans to improve food security and agricultural development initiatives. This industry mission, the second U.S. mission to the Philippines to solely focus on food and agriculture issues, was led by Bruce Blakeman, Vice President for Corporate Affairs in the Asia-Pacific region for Cargill and Chair of the Council’s Food & Agriculture Committee.
This week, Vietnam’s Prime Minister Nguyen Xuan Phuc is in Washington, D.C. for a series of engagements, including an event hosted by the U.S.-ASEAN Business Council and U.S. Chamber of Commerce which occurred on Tuesday night as well as meetings with officials and U.S. President Donald Trump at the White House that will take place on Wednesday.
Phuc’s trip from May 30 to 31 is yet another signal that the Trump administration’s engagement of the subregion remains an early priority and that it continues to place an importance in cultivating Vietnam as an emerging partner in the region.
At a more general level, Phuc’s trip – the first White House visit for a Southeast Asian official – is an indication that Trump administration’s engagement of subregion remains an early priority even as it sorts out its wider domestic and foreign policy (See: “The Real Challenge for US-ASEAN Relations Under Trump”).
Nations can’t choose their neighbors, but Vietnam, a country long buffeted by war, is proving it can certainly choose its friends.
President Trump on Wednesday will greet Vietnamese Prime Minister Nguyen Xuan Phuc at the White House, the clearest sign to date that Washington and Hanoi, once-implacable foes burdened by a bloody and tragic history, increasingly share overlapping strategic interests and a mutual outlook on the region and the world.
It’s a measure of how far the two countries have come — and how large Vietnam looms in the emerging Trump administration strategy for Asia — that Mr. Phuc will be the first Southeast Asian leader to visit the White House since Mr. Trump’s election.