Vietnam is a new “promised land” for American businesses
The relationship between Vietnam and the US is developing better and better, opening up new opportunities for the two sides’ economies to cooperate more broadly and deeply. The US chooses Vietnam as a new “promised land” for the movement of American businesses
Marks of “talking”
After more than 25 years of officially normalizing diplomatic relations (1995), bilateral trade turnover between the two countries has increased 250 times from 450 million USD to more than 111 billion USD in 2021.
The US became Vietnam’s largest export market, and Vietnam became the US’s fastest growing export market.
General Secretary Nguyen Phu Trong received and held talks with President Donald Trump in February 2019
The bilateral trade agreement between the US and Vietnam officially took effect in 2001, removing economic barriers between the two countries. In addition, former US presidents have always tried to maintain special diplomatic relations with Vietnam in many different fields.
Notably, bilateral trade between Vietnam and the US has set a new record in 2021, reaching more than 111 billion USD, up nearly 21 billion USD from a year earlier. This figure has made the US the second largest trading partner with import-export turnover exceeding 100 billion USD with Vietnam.
According to experts, “Vietnam is holding the key to the balance of power in the Asia-Pacific region” when it has a positive and continuously developing diplomacy with other countries, including America
“Promised land” for American businesses
It is considered as a country full of potentials, as well as a dynamic emerging region. Vietnam faces many opportunities for American businesses when gradually shifting production to Southeast Asia
Strategic location, low cost, skilled labor, Trade Agreements connecting the region, especially according to the report of StartupBlink 2022, Vietnam has a startup ecosystem that has surpassed the Philippines to take the position. 5th after Thailand, Indonesia, Malaysia and Singapore. As for the world, our ecosystem has increased 4 places compared to 2021, stopping at 54th position on the rankings.
Vietnam has emerged as an attractive destination for American businesses, according to Vietnam Briefing. Major US companies such as: Qualcomm, Apple, Intel, Universal Alloy Corporation (UAC), Nike and Key Tronic EMS have moved production lines to Vietnam.
In recent years, Qualcomm Technologies Corporation (USA) has always worked with Vietnam to promote the common goal of developing a digital transformation ecosystem and the 4.0 industrial revolution.
Viettel is one of four global partners selected by Qualcomm to participate in the development and application of the latest 5G chipset.
QVIC – Qualcomm Vietnam Innovation Challenge 2022 is hotter than ever!
With the goal of nurturing innovative startups that are designing 5G, IoT, machine learning, smart cities, wearables and multimedia products using Qualcomm Technologies mobile technology and platforms . QVIC was born with the mission to encourage startups to come up with innovative ideas and demonstrate the strengths and creativity of Vietnam’s startup ecosystem.
After the preliminary round, 10 companies will be selected and receive financial support as well as participate in many months of technical and business incubation. The three finalist winners will receive bonuses and post-program support from Qualcomm Technologies Corporation.
See more about QVIC 2022 here
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The Qualcomm® Vietnam Innovation Challenge is a potential playground for technology startups in Vietnam. The incubation period includes seminars from subject-specific experts, technical support and technical support. from Qualcomm Technologies and provide intellectual property consulting support.
TOP 10 excellent projects will be able to demonstrate their technologies at FINALE EVENT – Final Round and QVIC Awards 2022 taking place on September 14, 2022. Activities taking place at QVIC
The presentation and critique session between the TOP 10 most typical Technology startups in Vietnam and the Jury Council, who are longtime experts in the industry.
Technology demonstration of TOP 10 – Demo of products that are incubated and developed within the framework of the contest – future technology products with the goal of developing the country’s technology ecosystem.
Closing Ceremony and Awarding Ceremony for TOP 3 Best Projects QVIC 2022 with a total prize value of more than 200,000 USD
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FINALE EVENT – QVIC 2022 – The last leg of the Innovation Challenge from Qualcomm® Vietnam for startups in promising new technology areas in Vietnam.
Join the program to experience typical technology demonstrations in Vietnam’s technology ecosystem.
