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Dear AmCham,

Many thanks from the AmCham team to our AmCham members and friends for all your support in 2024! Wishing all a Happy New Year! We look forward to supporting you throughout 2025 and helping you and your businesses succeed through our advocacy, committees, and events. 

We are co-hosting an event next week on everyone’s favorite topic – tax! Register here and join us on Tuesday to receive critical updates in tax regulations, practical strategies for maximizing tax efficiencies, and key compliance considerations that businesses face in Vietnam. 

Vietnam's economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows. Gross domestic product grew 7.55% in the fourth quarter, the fastest quarterly growth in more than two years. Exports to the US were estimated at US$119.3 billion, up 23% from 2023. These included computers, electronic products and components; machinery, equipment, tools and spare parts; garments and textiles; phones of all kinds and components; footwear of all kinds; and wood and wood products among others. 

Leadership Opportunities. Many committees are now soliciting interest from potential candidates interested in serving in leadership positions. Elections for most committees will take place in January or February. If you are interested in serving in a leadership role, please contact existing Committee leaders, Board Liaisons, Executive Director Travis Mitchell at travis.mitchell@amchamvietnam.com, or Events and Committees Manager Lily Nguyen at lily.nguyen@amchamvietnam.com. 

It’s that time of year to renew your AmCham membership for 2025! Please be on the lookout for 2025 Membership Renewal notices. Please renew promptly, and if you don’t receive your renewal notice, please contact Membership Manager Sam Hoang at sam.hoang@amchamvietnam.com! AmCham recognizes the significance of the Comprehensive Strategic Partnership between Vietnam and the U.S. In this context, our role in supporting members becomes even more crucial. Amidst the uncertainties of the times, we aim to provide you with valuable support, leveraging the expertise of our dedicated team. Throughout the year, our efforts have intensified, delivering enhanced value through Committees, Business Intelligence events, and Advocacy. Your continued support is vital to us, and we also extend a warm welcome to new members. As you embark on or renew your membership, we encourage you to explore the benefits of becoming a Premium Member.

AmCham Premium membership offers the opportunity for qualified companies to highlight your status as business leaders and your strategic support for AmCham Vietnam’s mission and programs. Premium Membership offers a range of benefits, and exclusive VIP access. Customized packages are available. To learn more, see LINK or contact Office Manager Cindy Tran at cindy.tran@amchamvietnam.com

We welcome your feedback to let us know how we can serve you better I wish you 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.

• Draft Decree detailing several provisions and measures for implementing the Law on Pharmacy. The Position paper was submitted to the Ministry of Health, Drug Administration of Vietnam on Dec 30, 2024

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:

• Tourism and Hospitality Committee Meeting, January 10, 2025 – 10:00 am - 11:00 am

[Reuters] Vietnam's 2024 GDP growth accelerates to 7.09%, driven by strong exports. Vietnam's economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday.

[Bloomberg] Vietnam Wary of Trump Tariff Risks as PM Eyes 8% GDP Growth. Vietnam, Asia’s growth star whose economy surpassed all expectations in the fourth quarter, could face price pressures and challenges to the prime minister’s 8% expansion target on the Trump administration’s policies.

[Vietnam Investment Review] Business leaders outline investment plans for 2025. Vietnam is expected to achieve impressive economic growth in 2025 as it continues to draw investment from the global business community. VIR’s Bich Ngoc talks with foreign investors about their business plans for 2025.

[VietnamNet Global] Vietnam’s 2024 GDP and inflation: Key metrics and achievements. Vietnam’s economy continues its upward trajectory, achieving 7.09% GDP growth in 2024, while inflation remained well-controlled at 3.63%.

[VNExpress] PM urges HCMC for policy changes to attract $200B investment by 2030. HCMC needs VND5 quadrillion (US$200 billion) in the next five years to invest in infrastructure and urban development, prompting the need for policies to mobilize resources, Prime Minister Pham Minh Chinh has said.

[VOV.vn] Exports to Europe and America recover with significant growth. Vietnam's trade turnover with the European and American markets in 2004 witnessed a positive recovery and robust growth compared to 2023.

[VOV.vn] A glance at major socio-economic indicators in 2024. 2024 saw Vietnamese economy record positive outcomes as the gross domestic product (GDP) grew by 7.09%, whilst foreign arrivals to the country surged by 39.5% on-year.

[Vietnam News] Việt Nam to upgrade port infrastructure to accommodate larger cargo vessels. The Vietnam Maritime Administration (VMA), under the Ministry of Transport, is preparing a proposal to enhance the operational capacity of public maritime infrastructure and existing port facilities

[Vietnam News] Greater efforts to be made for stronger cooperation with European-American market. The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam's economic and trade ties.