The elevation of the US-Vietnam relationship to a comprehensive strategic partnership signifies a deeper commitment to further boost trade and economic ties would lead to an increasing share of US investment soon.

With FDI accounting for more than 70% of exports, Vietnam has successfully transformed over time into an export-driven and FDI-reliant economy.

The move would help create a driving force for economic growth across the three pillars of investment, exports and consumption.

The country's policies to support growth would help Vietnam counter the global headwinds in 2023 and maintain a high growth rate.

As early as 2023, a growing number of global intra-Asian multinationals are looking to either expand or make new investments in the country.

Vietnam’s diversified network of free trade agreements with major economic powers remains the country’s competitive edge in attracting investors.

The high complementary nature of the two economies has laid the foundation for both to significantly boost economic, trade, and investment cooperation over the years.

Vietnam remains a favorite destination for foreign firms seeking to shield from a combination of geopolitical tensions, rising operational costs thanks to the country’s strong economic performance in recent years.

Singapore remained the largest investor in Vietnam during the four months with US$3.1 billion, or 28.8% of the total.