About the author  ⁄ AmCham Vietnam

AmCham is an independent association of companies with the objective of promoting trade and investment between Vietnam and the U.S. With two chapters, one in Ho Chi Minh City and one in Hanoi, our membership of 700 companies and 1,500 representatives is unified by a commitment to promote trade and investment between Vietnam and the United States.

On September 10, the U.S. Chamber of Commerce, AmCham Hanoi, and the Vietnam Chambers of Commerce and Industry (VCCI) hosted the 2nd annual U.S.-Vietnam Business Summit in Hanoi. The conference featured participation from Deputy Prime Minister Trinh Dinh Dung and Under Secretary of Commerce Gilbert Kaplan. The event had a digital economy focus, and included panel discussions on cybersecurity, ecommerce, innovation, supply chains and trade facilitation, as well as regional and global trade tensions. Moving forward, the Chamber, VCCI, and AmCham have agreed to form a “Digital Economy Partnership,” to advance their common interests in the development of Vietnam’s digital economy.

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Vietnam’s wood processing industry has maintained a high growth rate over the years, said Nguyen Quoc Khanh, chairman of the Handicraft and Wood Industry Association of HCMC (HAWA). From US$220 million in 2000, after 17 years, its turnover has reached US$8 billion, ranking among the seven sectors generating the greatest export value in the country. Particularly, in the first half of 2018, the export of wood and wood products earned US$4.13 billion, up 12.4% over the same period last year, according to the Ministry of Industry and Trade.

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There is no better place to witness the growing demand from technology firms and co-working operators than Vietnam, according to Stephen Wyatt, country head of JLL Vietnam.

“The country is catching up fast with its regional peers, due to a young, dynamic, tech-savvy, entrepreneurial population. We have seen a dramatic increase in demand from technology firms and co-working and flexible working operators over the past three years and anticipate this will be one of the key trends over the next five years,” said Wyatt.

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