Overseas Vietnamese Entrepreneurs Bridge US-Vietnam Business Ties

Overseas Vietnamese (OVs) are increasingly seen as a crucial bridge for Vietnam's business ties, particularly with the United States, offering not just capital but also knowledge, technology, management experience, and access to international markets. Vietnam's development needs in high technology, digital transformation, artificial intelligence, green economy, environmental protection, and education and training are areas where OVs' expertise is expected to contribute significantly. Minh Ha Patmore, an artist with the Vietnam-Australia Cultural Exchange Organisation (VACEO), highlighted that overseas Vietnamese artists can act as "cultural ambassadors," connecting Vietnam with international friends through art. This underscores the multifaceted contributions of OVs beyond economic sectors. Resolution No. 23 by the Communist Party of Vietnam reflects a strategic shift, recognizing OVs as an important resource for national development and demonstrating Vietnam's continued commitment to openness and deeper international engagement. This policy adjustment aims to better leverage the skills and networks of the Vietnamese diaspora. Local authorities are actively creating an enabling environment for investment. Hai Phong city is committed to building an efficient administration that provides excellent services to residents and businesses. An Giang province plans to showcase its urban development, key industries, and investment prospects at an expo, promoting its agricultural products, industrial parks, and investment incentives. As Vietnam's economy grows, its integration into global supply chains is deepening. The green transition is becoming critical for Vietnamese electronics companies to maintain their position in global markets. Furthermore, advancements in logistics are evident, with the first shipment of finished buses by Kim Long Motor to an international market via a dedicated roll-on/roll-off vessel marking a new development in port connectivity. Overseas Vietnamese entrepreneurs can serve as strategic partners for Vietnamese companies looking to expand globally. A Memorandum of Understanding between the Vietnam Industrial Park Supply Enterprises Association and the Korea-Vietnam Association of Science and Technology aims to help thousands of firms expand internationally, signaling a push for global reach. By effectively harnessing the networks and expertise of overseas Vietnamese, Vietnam aims to further accelerate its economic growth and strengthen its international cooperation. Copyright, VietnamPlus, Vietnam News Agency (VNA)