The largest US delegation ever is about to visit Vietnam: 50 businesses including SpaceX, Netflix, and Boeing are present

According to a list obtained by Reuters, more than 50 companies in the defense, pharmaceutical and technology sectors will join a delegation to visit Vietnam organized by the US-ASEAN Business Council.

The business delegation’s visit shows a growing interest in Vietnam, a country that is considered to be a great beneficiary of the shift of the production chain.

With a population of 100 million, Vietnam also has a rapidly growing consumer market as the middle class expands.

“This is the largest delegation ever to Vietnam,” said Vu Tu Thanh, representative of the US-ASEAN Business Council in Vietnam. this for three decades.

Last month, Reuters also reported that streaming giant Netflix is ​​planning to open an office in Vietnam.

Aerospace companies Boeing, Lockheed Martin and Bell will hold meetings with Vietnam’s state-owned defense procurement companies, Thanh told Reuters.

In December, these companies negotiated with the Vietnamese government about the possibility of selling helicopters and drones.

“Helicopters are one of the things that companies hope to sell to Vietnam,” said Thanh, although he also noted that deals take time to complete.

Boeing said that its discussions with Vietnamese leaders will focus on the close partnership, as well as ways to strengthen the country’s aviation capacity.

Most of the companies participating in the business delegation already have business or manufacturing operations in Vietnam and plan to expand, including Apple, Coca-Cola and PepsiCo, Thanh said.

According to Mr. Thanh, a number of companies are paying special attention to Vietnam as a production center and providing services for increasingly affluent consumers when the GDP here reaches more than 8% by 2022.

Among them is SpaceX, which is said to be looking to sell its satellite internet services to Vietnam and other countries in the region.

The delegation will also include semiconductor companies, pharmaceutical giants Pfizer and Johnson & Johnson, medical device maker Abbott, financial firms Visa and Citibank, internet and cloud companies Meta and Amazon Web Services.