The US-Vietnam Bilateral Trade Agreement (BTA) has made a big difference in the US, of how to go from war to peace, from enemy to friendship,” Chairwoman of the American Chamber of Commerce in Vietnam (AmCham) Virginia Foote has said.

The two countries aim to take their bilateral strategic partnership to a new height.

Vietnam remains a major production hub for Samsung, as revenue from Samsung Vietnam made up 30% of that of the South Korean tech giant in the global market last year

The expansion plan is part of the company’s strategy to increase production capacity in anticipation of the growing demand in the world.

Vietnam is calling for investment from African enterprises as the country is the gateway to Asian market, especially ASEAN with 650 million customers.

Hanoi is making efforts to improve its business and investment environment in order to lure more foreign investment, especially in high-tech.

The norther province of Thai Nguyen could meet the firm’s requirements in terms of infrastructure.

It is part of Masan Consumer’s strategy to invest in and expand nationwide production systems to optimize logistics costs.

By cooperating with startups, major enterprises could accelerate their development process by having access to new technologies and solutions, which otherwise would take long time to develop by themselves.