Ford Vietnam contributes to promoting the comprehensive US-Vietnam partnership

DNHN - In 2023, the US-Vietnam Comprehensive Partnership will have reached significant economic and trade growth milestones during its first decade. Ford Vietnam has become a symbol of U.S. investment relations in Vietnam after nearly 30 years cooperation

On May 25, 2023, Ford Vietnam Company welcomed Mr. Marc Knapper, the US Ambassador to Vietnam, to witness the assembly of Ford automobile product lines at the Ford Hai Duong Factory. This is a significant event within the context of activities commemorating the tenth anniversary of the US-Vietnam Comprehensive Partnership (2013-2023) and affirming Ford Vietnam's contributions to advancing the Vietnamese economy. Vietnam's economy experienced remarkable growth.

A significant development in US-Vietnam relations

Since the establishment of the US-Vietnam Comprehensive Partnership in 2013, bilateral trade has quadrupled and the US has become Vietnam's largest export market. Moreover, trade cooperation between the United States and Vietnam has become more diversified as global supply chains continue to bind the two nations together.

The year 2023 marks the 10th anniversary of the US-Vietnam Comprehensive Partnership, which is based on mutual understanding, mutual respect, and mutual development. A decade has passed, proving that this relationship is a driving force to elevate the bilateral relationship and a solid bridge for investors from both nations. Additionally, Vietnam's participation in the discussion of the Indo-Pacific Economic Framework (IPEF) initiative creates new economic, trade, and investment opportunities between the two nations.

Ford Vietnam promotes the strategic relationship between the United States and Vietnam.

Ford is one of the first American companies to invest in Vietnam following the normalization of relations between the two nations. Ford remains the largest US investor in Vietnam's automotive industry. Ford Vietnam has become a symbol of US investment relations in Vietnam after nearly 30 years of development. Ford Vietnam's total investment capital reached 208 million USD, including an investment package of 82 million USD to expand the production base in Hai Duong province in 2020, bringing the total assembly capacity to 40,000 vehicles per year with 1,200 direct jobs and thousands of indirect jobs at the nationwide agent system.

Ford Motor Company has always considered Vietnam, along with Australia, Thailand, and South Africa, to be one of its international strategic markets, having recognized the market's potential early on.

Ford offers numerous product lines in Vietnam that are suitable for a variety of applications. From passenger cars and SUVs to commercial vehicles like pickup trucks and vans. Ford is continuously introducing global products to the Vietnamese market, where they enjoy customer confidence. The evidence is that three out of five Ford product lines, including Ford Ranger, Ford Everest, and Ford Transit, are market leaders in their respective segments. Ford Ranger has maintained its leading position in the segment for several years and led the Vietnamese auto market in monthly sales on numerous occasions. The newly introduced Ford Territory product lines have quickly entered Vietnam’s top ten best-selling car lines, while Ford Explorer products are in the top two segments for large SUVs. The genuine dealer network of Ford is continuously expanding in Vietnam, and Ford's most advanced utilities and service experiences are rapidly implemented in the country to make vehicle ownership easier for customers. and have a better experience as a homeowner.

In addition to business and assembly activities, Ford Vietnam engages in a variety of charity and social responsibility activities, such as programs to teach safe driving skills, the donation of vehicles to colleges and vocational schools for research and teaching purposes, the construction of schools, playgrounds for children, and assistance to charities during the Covid pandemic. Ford Vietnam's accomplishments are a vivid and typical illustration of the comprehensive partnership between the United States and the United States. Vietnam is on the path to development and strategic significance, according to Ky.

With the assistance and support of the US Embassy, Hai Duong province, and the Government of Vietnam, Ford Vietnam intends to enhance production and business efficiency and introduce new products shortly. High-quality goods and services continue to contribute to the economic and social development of the region and the nation as a whole.

Thanh Chau