The Vietnam-US relationship has seen significant economic advancements since its elevation to a Comprehensive Strategic Partnership on September 10, 2023, during President Joe Biden's visit. In the first eight months of 2024, bilateral trade volume increased by 22%, reaching nearly $88 billion. Vietnam's exports to the US surged to $77.9 billion, marking a 24.5% increase, solidifying the US as Vietnam's largest export market for agricultural products with a turnover of $8.58 billion. The US has also become the 11th largest foreign investor in Vietnam, with 1,340 projects worth over $11.8 billion. Conversely, Vietnam has 230 projects in the US valued at nearly $1.3 billion. Ted Osius, President & CEO of the US-ASEAN Business Council, noted the substantial growth potential of Vietnam's economy, projecting a growth rate of over 6.6% over the next decade. Additionally, the US launched a $4 million ITSI-CHIPS Workforce Accelerator Programme to bolster Vietnam's semiconductor industry, demonstrating a commitment to enhancing trade relations. Both countries are also working to address the recognition of Vietnam's Market Economy Status, which is crucial for future economic collaboration. As the two nations approach the 30th anniversary of their normalization of relations and the 50th anniversary of Vietnam's reunification, expectations are high for further benefits to arise from this evolving partnership. Security and defense cooperation, while still limited, remain important issues in the regional context, and human rights is an area where both sides need to foster better understanding and respect. The comprehensive strategic partnership for peace, cooperation, and sustainable development is based on mutual respect and shared interests, paving the way for continued collaboration in various sectors, including education and people-to-people exchanges. [dd01ad32][4c806ffc][c7d0a90c]