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A new milestone in Vietnam and US relations

(News Portal – Dong Nai) - Recently, Vietnam and the United States officially upgraded their relationship to a comprehensive strategic partnership for peace, cooperation and sustainable development. The United States supports a strong, independent, prosperous and self-reliant Vietnam. 

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Cargill Factory inauguration ceremony at the end of September 2023 

Vietnam and the United States are currently major trading partners. This is the field that is considered to have the most successful cooperation. The United States is currently Vietnam's largest export market for both agricultural products and industrial products. Vietnam is currently the 7th largest trading partner of the United States worldwide.

In Dong Nai province, the import-export market between Dong Nai and the United States has also recorded strong growth recently. Of which, the United States is the leading market with total export turnover in the first 8 months of 2023 estimated to reach over 4 billion USD (accounting for 28,6%). Some main export items include: textiles and garments, footwear of all kinds, wooden furniture... In terms of imports, the United States ranked 6th in Dong Nai with total import turnover from the US market in August 2023 estimated to reach 78 million USD; some main imported products include: animal feed and raw materials; machinery, equipment, tools, spare parts...

With over 1,1 thousand US businesses operating in Vietnam, with a total registered investment capital of over 10.3 billion USD, the United States is always one of the largest investment partners of Vietnam. ​​

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The most modern factory of Cargill Group (USA) 

In Dong Nai province, there are US businesses that have been operating for many years. Specifically, at the end of September, the US Cargill Group inaugurated Asia's most modern Provimi factory in Dong Nai. Mr. Pham Duc Thang, General Director of Cargill Vietnam and Thailand's animal nutrition division, says that Provimi Premix Factory has a total investment of about 28 million USD, an area of 3 hectares, and a production capacity of 40 thousand tons/year. The premix factory is Cargill's most modern factory in Asia, with an automation rate of more than 95%.

Sharing about local support during the investment and construction process, Acting Chairman of the Provincial People's Committee Vo Tan Duc says that foreign investment projects, including ones from US enterprises, have made great contributions in the socio-economic growth of the province. According to the Acting Chairman, Cargill Group is one of the first foreign enterprises to come to Dong Nai province. After nearly 30 years of operation, along with the continuous development of Dong Nai industry, Cargill Vietnam has continuously and rapidly developed, and become a leading company in the field of manufacturing and processing supplements and raw materials for the production of animal feed and aquaculture feed... Ms. Melissa Bishop, Deputy US Ambassador to Vietnam, shared that over the past 30 years, the level of bilateral trade between the United States and Vietnam has increased many times. Vietnam is currently the 9th largest importer of agricultural products from the United States, while the United States is the largest importer of agricultural products from Vietnam. ​

Author: Nam Huu

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