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Dear AmCham,

Greetings from Washington! I just wrapped up my time at the AmChams of Asia Pacific Doorknock, where we met with several members of the Trump administration, Congress, and policy think tanks. We underscored the importance of U.S. businesses in Asia-Pacific, and learned more about the current administration’s perspective on trade and investment. We advocated for our members and directly informed the administration about the challenges of the uncertainty resulting from current U.S. policies. Ultimately, the lack of clarity was a consistent message from all the meetings, though the administration is laser focused on addressing the trade imbalances and demanding better market access for American goods. We are still waiting for details of the Vietnam trade deal, and USTR and the Vietnamese embassy confirmed they are working hard to finish it ASAP. I will be organizing a webinar within the next few weeks to provide more information about what we learned, so please keep a look out. 

Vietnam’s economy continues to demonstrate strong momentum, recording 7.5% growth in the first half of 2025. This expansion was driven by a $62 billion trade surplus with the US and a 32.6% increase in foreign direct investment. Despite lingering uncertainty over proposed U.S. tariffs of up to 20%, ongoing trade negotiations and sustained investor confidence are helping to stabilize economic outlooks.

Vietnam and the United States are celebrating 30 years of diplomatic relations, highlighting their evolution from wartime adversaries to comprehensive strategic partners. As part of this growing relationship, both nations are continuing to engage with each other in multiple sectors and have both stressed that they will continue to further partner. 

On July 14th, Daniel J. Kritenbrink, Partner at The Asia Group and former U.S. Ambassador to Vietnam, met with the AmCham Board of Governors to discuss the opportunities and challenges facing Vietnam in the current economic landscape and beyond. Despite recent tariffs, there is broad consensus that Vietnam continues to be a key focal point for global investors, particularly in relative terms.

VNeID Level 2 for Foreigners and Organization Identification. To support businesses in addressing the issues mentioned above, Department C06 (Police) has established a Zalo group titled "Business Community - C06" to facilitate information sharing and respond to inquiries. We kindly encourage you to share this information with your relevant Vietnamese staff members and join the Zalo group if appropriate.

Zalo Group Link: Business Community - C06

https://zalo.me/g/bmmteh428

(For businesses under JCCI, AmCham, EuroCham, and other foreign business associations)

For direct support, please contact:

• Mr. Hiển – 0838 858 585 (General information on electronic identification)

• Mr. Kỳ – 0383 626 584 (Assistance with legal entity identification registration issues due to data discrepancies)

Join us for July’s Connect & Cocktails at The Straits Kitchen & Bar, Level 28, Sedona Suites, 67 Le Loi Street, District 1, HCMC! This popular monthly networking event offers a relaxed, informal setting to connect with AmCham members and other professionals over a glass of wine, beer, or a cocktail. Enjoy a great evening of conversation, city views, and don’t miss your chance to win exciting prizes in our Lucky Draw! Please register here.

We would like to inform you that the Environment, Social, and Governance (ESG) Committee will hold its monthly meeting on Thursday, July 24, from 9:00 AM to 10:30 AM. In addition, the Tax & Customs Committee Meeting is scheduled for the same day, Thursday, July 24, from 5:00 PM to 6:00 PM. We hope you can join us for both sessions. Please register here.

We’re here for you! Please let us know if we at AmCham can help your business in any way, or if you would like to become more involved in our committees. We’d love to have you!

Yours sincerely,



Travis Mitchell

Executive Director

We thank all members who recently shared their comments on draft legislation currently being discussed: 

• AmCham submitted to Ministry of Finance, Office of Government the position paper regarding Comments on Draft Decree detailing a number of articles of the Law on Corporate Income Tax.

Members are encouraged to bring forward any advocacy needs or related questions to the relevant Committees, or by email to advocacyaction@amchamvietnam.com.

Similarly, we invite members experiencing instances of administrative delays and challenges to share details via email to communications@amchamvietnam.com. We are compiling this information on behalf of our members.

Members are welcome to join, in-person or virtually:

• Environment, Social and Governance (ESG) Committee Meeting, July 24, 2025 – 9:00 am - 10:30 am
• Tax & Customs Committee Meeting, July 24, 2025 – 5:00 pm - 6:00 pm

Make the Most of Your AmCham Membership!

AmCham members are encouraged to take full advantage of the exclusive discounts and special offers available through the AmCham Membership Discount Program. Simply present your AmCham Membership Card to enjoy valuable deals from our trusted Discount Partners. You can view the complete list of offers here.

Interested in Becoming a Discount Partner?

We welcome companies looking to join the program and promote their products or services to a dynamic network of over 2,000 business professionals representing more than 550 corporate members. It’s a great opportunity to boost visibility and attract new customers.

To become a Discount Partner, please complete this Form or contact us at amcham.membership@amchamvietnam.com for more details.

[Vietnam Economic News] Viet Nam, US mark 30 years of remarkable diplomatic journey. Viet Nam and the US have traversed a remarkable path over the past three decades—from former foes to friends, partners, and comprehensive strategic partners.

[Bloomberg] Vietnam Says Negotiators Still Working With US on Trade Deal. Vietnam’s negotiators are still working on the terms of the tariff deal with their US counterparts, more than two weeks after it was first announced by US President Donald Trump.

[VOV.VN] Vietnamese imports from the US see strong growth in early 2025. Vietnam’s imports from the United States recorded a sharp increase in the first five months of 2025, reaching US$7.3 billion, up 21% compared to the same period last year, according to data from Vietnam Customs.

[Việt Nam News] Timely issuance of origin criteria for domestically marketed goods essential to protect the 'Made in Vietnam' label. Timely issuance of origin criteria for domestically marketed goods essential to protect the 'Made in Vietnam' label

[Nikkei Asia] Vietnam's US trade surplus grows to $62bn in 1st half of 2025. Vietnam’s trade surplus with the U.S. widened to $62 billion in the first six months of 2025, up 29% from the same period in 2024, according to official data. 

[Vietnam Investment Review] Citi raises forecast for Vietnam’s 2025 GDP growth. Citi remains cautiously optimistic on Vietnam's growth outlook, although US tariffs on Vietnam will increase post a recently agreed trade deal.

[Reuters] Vietnam targeting 8.3%-8.5% GDP growth this year, PM says. The Vietnamese government will aim to raise its gross domestic product by 8.3% to 8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday, despite challenges.

[Vietnam Investment Review] Tariff reprieve leads to positive Q2 for Vietnam. Trade negotiations with the United States in early July appeared promising for Vietnam, prompting the UOB (United Overseas Bank) to revise up its forecast for Vietnam's GDP growth in 2025 by 0.9 per cent to 6.9 per cent. 

[Vietnam Investment Review] FDI jumps 32.6 per cent in first half. Vietnam is emerging as an increasingly attractive destination for global investors, with foreign direct investment (FDI) surging on renewed confidence and strong economic fundamentals.

[Vietnam Investment Review] Vietnam's overseas investment hits nearly $490 million in first half of 2025. Vietnamese enterprises are ramping up their global presence, launching 86 new overseas ventures in the first half of 2025, three times higher than the same period last year, according to the Foreign Investment Agency under the Ministry of Finance.

[Vietnam Briefing] Vietnam’s Economic Performance in H1 2025: Inflation, Trade, FDI, and Business Trends. In the first half of 2025, Vietnam’s economy grew by 7.52 percent, building on the strong momentum of 2024 when it posted a GDP growth of 7.09 percent.

[Vietnam News] Vietnam plans special visa exemption for high-profile foreigners. The Ministry of Public Security eyes special visa perks for top-tier professionals and influencers.

[Vietnam Investment Review] Coca-Cola inaugurates $136 million plant in Tay Ninh. Coca-Cola Beverages Vietnam inaugurated a $136 million manufacturing plant at Phu An Thanh Industrial Park (Ben Luc, Tay Ninh province) on July 11, its largest factory so far in Vietnam.

[Vietnam Investment Review] Google to support Vietnam’s digital and scientific development. As Vietnam accelerates its digital transformation and high-tech development strategies, global technology leaders are stepping up engagement, signalling confidence in the country’s innovation potential and policy direction.

[The Investor] Intel’s 20 years in Vietnam: $1.5 bln invested, 4 bln chips produced. U.S. chip maker Intel has invested over $1.5 billion in its nearly 20 years in Vietnam and exported more than 4 billion products, contributing over $100 billion to Vietnam’s export revenue.

[VOV.vn] Vietnam pledges support for AES investment in green energy. Vietnam will continue to facilitate foreign investment and business activities, including those by US enterprises, in line with laws and the country’s evolving development needs, said Tran Luu Quang, Chairman of the Party Central Committee’s Commission for Policies and Strategies.

The American Chamber of Commerce in Vietnam

in Ho Chi Minh City

New World Hotel Suite 323

76 Le Lai Street, District 1

Ho Chi Minh City, Vietnam

Phone: +84 28 3824 3562