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Dear AmCham,

I would like to thank our Members for their contributions to two position papers which we submitted last week to the government – one concerning the Resolution on the Publication and Registration of Food Supplement Products, and the other being the second draft of the Decree guiding the implementation of the Law on Food Safety (replacing Decree 15/2018/ND-CP).

In terms of the broader economic outlook, as the U.S. continues to announce trade deals with Japan and the Eurooean Union, we still await further clarification about the trade deal with Vietnam. The Asian Development Bank has downgraded Vietnam’s 2025 GDP forecast to 6.3%, though some experts remain optimistic about reaching 8.5%. Despite global headwinds, Vietnam’s trade sector remains robust, with continued export growth and strong manufacturing momentum, particularly as Nike’s largest global production hub (for the 3rd year in a row).

We are grateful to The Straits Kitchen & Bar – Sedona Suites HCMC for hosting our Connect & Cocktail networking event on July 23, 2025. Our thanks also go to Hera Jewelry, Lamy, Morning Fruit, and Sedona Suites HCMC for generously sponsoring our lucky draw prizes. With 90+ guests from over 70 companies, it was an evening filled with meaningful conversations, new connections, and a true celebration of our vibrant business community.

I’d like to point out that AmCham is hosting our annual Blood Donor Day, which will take place on both August 14 and August 22, 2025, so this is a great opportunity if your organization is looking to participate in any Corporate Social Responsibility activities. Reach out to me directly for more information. 

Finally, I’m excited to inform you that our wonderful AmCham ESG Committee is organizing a three-part legal briefing in cooperation with Russin & Vecchi, which is entitled "Environmental Legislative Updates - August 2025.” These updates are free for our Members to join and a great way to follow all the changes happening in that space. Scroll down in the Events section for more information. 

I hope you all have a great week ahead!

Yours sincerely,



Travis Mitchell

Executive Director

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

• AmCham submitted to Prime Minister, Ministry of Health, Ministry of Agriculture and Environment, Ministry of Industry and Trade, Ministry of Justice, and U.S Embassy the position paper regarding Resolution about publication, registration food supplement products and decree on guiding law of food safety (replacement Decree 15/2018/ND-CP)

• AmCham submitted to Prime Minister, Ministry of Health, Ministry of Agriculture and Environment, Ministry of Industry and Trade, Ministry of Justice, and U.S Embassy the position paper regarding the 2nd draft of food safety law

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:

• Education & Training Committee Meeting, Aug 6, 2025 – 9:00 am - 10:00 am
• Tourism & Hospitality Committee Meeting, Aug 12, 2025 – 10:00 am - 11:00 am
• Legal & VBF Liaison Committee Meeting, Aug 13, 2025 – 5:00 pm - 6:00 pm
• Environment, Social and Governance (ESG) Committee Meeting, Aug 14, 2025 – 4:00 pm - 5:30 pm
• Manufacturing Committee Meeting, Aug 15, 2025 – 9:00 am - 10:00 am
• Digital Economy & Technology Committee Meeting, Aug 19, 2025 – 9:00 am - 10:00 am
• Healthcare Committee Meeting, Aug 20, 2025 – 4:15 pm - 5:30 pm
• HR Committee Meeting, Aug 21, 2025 – 9:00 am - 10:00 am
• Logistics & Transportation Committee Meeting, Aug 27, 2025 – 9:00 am - 10:00 am

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Vietnam’s Strategic Approach to US Tariffs: Supporting Industries in Focus. Amid rising US tariffs on key trading partners, Vietnam’s supporting industries are emerging as a strategic alternative for global manufacturers. This article examines how Vietnam’s supporting industries are poised to capitalize on global shifts.

[Reuters] Major developments in Trump's trade war. U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

[Bloomberg] Vietnam Sees Trump Tariffs Cutting Up to a Third of US Exports. Vietnam estimates its exports to the US could decline by as much as a third if higher tariffs announced by President Donald Trump take effect, an internal government assessment shows.

[AP News] Flurry of trade deals offers relief for some Asian countries, while others wait. U.S. President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States.

[Vietnam Investment Review] ADB trims Vietnam’s GDP forecast to 6.3 per cent for 2025. The Asian Development Bank (ADB) has revised Vietnam's GDP growth forecast for 2025 down to 6.3 per cent from the 6.6 per cent it predicted in April.

[Vietnam Investment Review] Vietnam is showing resilience amid global headwinds. Amid global uncertainties, Vietnam is navigating both opportunities and challenges. Nguyen Thuy Hanh, CEO of Standard Chartered Vietnam, shared her outlook with VIR’s Hong Dung.

[VOV.VN] Vietnam still has room to achieve ambitious 8.5% growth target, say experts. While Vietnam’s GDP growth target of 8.3–8.5% by the end of 2025 presents significant challenges, experts believe the country still has sufficient economic momentum to achieve this ambitious goal.

[VOV.VN] Vietnam’s trade surge defies global headwinds. Vietnam’s export-import sector maintained its vigorous pace into the first half of July, emerging as a standout driver of economic growth despite global uncertainties thanks to strong demand for electronics, apparel, and machinery.

[The Investor] Vietnam remains Nike’s biggest manufacturing hub for 3rd year in row. Vietnam remains Nike’s largest manufacturing base globally for the third fiscal year running, according to the U.S. sportswear giant’s annual report for fiscal year 2025 ending in May.

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