Vietnam and the U.S. Sign Multiple Cooperation Agreements in Technology and Energy

Vietnam and the United States deepened their economic partnership at the 79th UN General Assembly. On September 23, the two nations signed several key agreements in technology and energy. The deal was overseen by Vietnamese President Tô Lâm marking a new milestone in their bilateral trade and investment relations. 

Key agreements include a partnership between the Vietnam National Oil and Gas Group (PVN) and Kellogg Brown & Root, focused on energy transition and technology transfer. PVN also inked a memorandum with GE to collaborate on software solutions for the electricity and oil & gas sectors. 

Vietnam’s Petroleum Technical Services Corporation (PTSC) signed a liquefied natural gas deal with Excelerate Energy, reinforcing Vietnam's move towards cleaner energy. In the technology sphere, Sovico and SuperMicro agreed to collaborate on artificial intelligence (AI), semiconductors, and data centers in Vietnam. 

Further enhancing trade prospects, Vietjet Air and Honeywell entered an agreement to improve aviation technology, while Wealth Power Group Vietnam partnered with Eternal Natural Resources for natural gas production. These deals highlight Vietnam’s growing appeal as a high-tech investment destination, particularly in sectors such as green energy, AI, and semiconductors. 

The agreements reflect both nations' commitment to deepening trade relations and fostering sustainable economic growth. As U.S. businesses expand their presence in Vietnam, the Southeast Asian nation is poised to strengthen its position as a key player in global supply chains, particularly in high-tech and renewable energy sectors. This development comes as Vietnam pushes to attract more U.S. investments, further diversifying its economy and enhancing its trade capacity. 

These collaborations will likely accelerate trade between the U.S. and Vietnam, with a focus on innovation, sustainability, and energy efficiency, fostering long-term economic growth and stability for both nations.