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Leading U.S. companies, including Apple (NASDAQ:AAPL), Boeing (NYSE:BA), and Amazon (NASDAQ:AMZN), are set to join a major business mission to Vietnam next week. Organized by the US-ASEAN Business Council, the delegation of over 60 firms signals strong economic ties as Vietnam seeks to avoid U.S. trade tariffs.
The visit comes as Vietnam reviews tariffs on American products like liquefied natural gas (LNG) and high-tech goods. Meanwhile, U.S. President Donald Trump has threatened to impose more trade restrictions on key partners. Companies with existing operations in Vietnam, such as Intel (NASDAQ:INTC), Coca-Cola (NYSE:KO), and Nike (NYSE:NKE), will participate alongside those eyeing expansion, including Bell Textron (NYSE:TXT) and Exxon Mobil (NYSE:XOM).
Energy players like Excelerate Energy and GE Vernova are also joining, with both firms having signed preliminary agreements with Vietnamese companies for LNG equipment supply. Vietnam, aiming to reduce its $123 billion trade surplus with the U.S., has expressed interest in boosting LNG imports.
The delegation will meet top Vietnamese officials, including Prime Minister Pham Minh Chinh and Communist Party General Secretary To Lam. U.S. businesses have raised concerns about potential tariffs affecting Vietnam, a key manufacturing hub.
Boeing, which has existing agreements for the sale of up to 250 planes to Vietnamese airlines, will participate, as will financial giants like JPMorgan, Visa (NYSE:V), Mastercard (NYSE:MA), and Warburg Pincus.
Defense firms Boeing and Bell Textron have been in long-term discussions with Vietnam regarding helicopter and military equipment sales, signaling growing security cooperation. The high-profile visit underscores the deepening economic and strategic relationship between the U.S. and Vietnam amid shifting global trade dynamics.
