Deputy Prime Minister Ho Duc Phoc to visit U.S., Cuba next week

After 30 years of normalization, the Viet Nam-U.S. relationship has made remarkable progress, surpassing even the most optimistic expectations.

The two nations adopted a joint statement on elevating the Viet Nam-U.S. relations to a Comprehensive Strategic Partnership for peace, cooperation and sustainable development on the occasion of former President Joseph Biden's official visit to Viet Nam in November 2023.

Viet Nam has become the eight largest trade partner of the U.S. in ASEAN. Meanwhile, the U.S. is Viet Nam's second biggest trade partner and largest importer.

Two-way trade turnover reached over US$$132 billion in 2024, of which Viet Nam's export revenue was estimated at nearly US$119 billion, up 23.3 percent compared to the previous year.

By the end of April 2024, American businesses had invested over US$12 billion in Viet Nam, spanning more than 1,300 projects, positioning the U.S. as the 11th largest investor in Viet Nam by investment value.

Cuba was the first Latin American country to establish diplomatic relations with Viet Nam in 1960. Over the past 65 years, the traditional solidarity, mutual support, and comprehensive cooperation have continuously been consolidated and strengthened across spheres.

The relationship between the two Parties has been growing intensively, serving as the political foundation and guiding the development of the Viet Nam-Cuba ties. Both sides have maintained bilateral engagements and all-level delegation exchanges.