Ho Chi Minh City expects to establish in-depth cooperation with localities in the US to promote trade, investment, scientific and technological development, and innovation, Chairman of the municipal People’s Committee Phan Van Mai has said.
The southern city is on its way to building an International Financial Center so needs to learn from the experience of others and attract investors for the center’s development, he told a visiting delegation of US businesses led by the Major of Oakland, California, Sheng Thao, on August 7.
“Ho Chi Minh City is facing the impact of climate change and looks forward to cooperating with Oakland in sharing experience and technologies to tackle climate change and in building a green finance fund to help it have resources to implement projects on climate change adaptation,” Mr. Mai said.
Regarding trade and investment, the city hopes for cooperation between businesses on both sides to invest in clean energy, manufacturing new materials, science and technology, and digital transformation.
The city also invites businesses from Oakland to invest at Saigon Hi-tech Park (SHTP), in manufacturing chips, semiconductors, and new material technology, and in infrastructure for exports and in building seaports, Mr. Mai said.
He stressed that the city pledges to work more efficiently, creating better conditions for US businesses, including those owned by Vietnamese-Americans.
For her part, Ms. Sheng Thao said Oakland as well as California hold great potential for cooperation with Ho Chi Minh City and other localities in Vietnam.
The two cities share a lot of similarities and common targets in tackling climate change. This offers a range of opportunities for mutual cooperation besides other areas of potential, like trade, investment, and seaport construction, she said.
Google translate