SCIC talks with The Asia Group and US Ambassador to promote stronger US-Viet Nam ties

HANOI, Viet Nam, July 10, 2025 - The State Capital Investment Corporation (SCIC) and the US consulting firm The Asia Group (TAG) held a meeting and working session on Viet Nam-US investment cooperation opportunities.

The TAG delegation was represented by Mr. Daniel Kritenbrink, TAG Partner and former US Ambassador to Viet Nam from 2017-2021, and Mr. Hung Nguyen, Director at TAG Vietnam; and other representatives from the group.

On the SCIC side, there was Mr. Nguyễn Quốc Huy, Board Member and CEO; along with representatives from SCIC's functional departments.

Overview of the working session

During the working session, SCIC and TAG exchanged and updated each other on recent international economic and trade developments, and shared feasible economic and investment cooperation opportunities between Viet Nam and the United States. SCIC's CEO introduced to TAG the functions and tasks of SCIC, as well as the Development Strategy approved by the Prime Minister, which focuses on investing in and attracting international investment for strategic projects that serve socio-economic development and contribute to the overall growth of Viet Nam's economy. The projects mentioned concern areas of mutual interest, such as seaports, high-tech, energy, and digital infrastructure, among others. SCIC welcomes cooperation and increased investment from US firms and equity funds, while proposing that SCIC act as a bridge to support these investors in accessing information about enterprises in SCIC's divestment portfolio, and to connect enterprises seeking cooperative partners in Viet Nam, creating the most favorable conditions for long-term collaboration between the two sides in the future.

On behalf of the TAG delegation, Mr. Daniel Kritenbrink shared some brief introduction about the group and its capabilities to implement cooperative and investment opportunities between Viet Nam and the United States in evolving contexts. Mr. Kritenbrink pointed out that, amid international fluctuations along with administrative and economic reforms in Vietnam under the direction of General Secretary Tô Lâm, Vietnam is becoming an extremely attractive destination for investors worldwide. With its extensive network of relationships connecting firms in Vietnam, the United States, and other Asian countries, TAG is ready to create feasible investment opportunities to support multilateral economic cooperation in Viet Nam for projects in seaports, energy, technology, digital banking, and more, helping foreign investors and firms to in invest in Vietnam or vice versa. Mr. Kritenbrink also mentioned the possibility of introducing US firms and investors to connect with enterprises in SCIC's divestment portfolio.

In response to the proposals from the former US Ambassador to Viet Nam, Mr. Nguyễn Quốc Huy, SCIC's CEO, expressed agreement with the Ambassador’s suggestion to realize the potential for more profound investment activities from US investors to Viet Nam. In addition to planning roundtable activities or roadshows to attract investors to approach Viet Nam, Mr. Nguyễn Quốc Huy also proposed that SCIC and TAG should facilitate more frequent exchanges and contacts with each other to advance trade promotion and mutual understanding for Vietnamese-US enterprises.

SCIC leaders and TAG delegation taking commemorative photos

At the conclusion of the working session, Mr. Daniel Kritenbrink, former US Ambassador to Viet Nam and TAG Partner, expressed his appreciation for the strong economic relationship between the United States and Vietnam, the valuable insights shared by SCIC, and stated that both sides will continue to support and share experiences with each other in the coming time. On behalf of SCIC, CEO Nguyễn Quốc Huy extended his sincere thanks for the very practical and useful information shared by TAG regarding activities and prospects for cooperation between Viet Nam and the United States, expressing a desire for both sides to actively exchange information and promote investment opportunities in the future to achieve mutual and sustainable economic development goals.