Written by: Basant El-Farmawy
American technology and energy companies are exploring promising investment opportunities in Ho Chi Minh City, as part of strengthening economic and trade cooperation between the United States and Vietnam, and expanding their comprehensive strategic partnerships in various vital sectors.
Promising Opportunities in Clean Energy and Technology Sectors
In this context, the Chairman of the People's Committee of Ho Chi Minh City, Nguyen Van Duoc, received a US business delegation headed by the Deputy Assistant Secretary of Commerce for Asia and Interim Executive Director of SelectUSA, Kelly Coldron, to discuss prospects for joint cooperation and support the flow of foreign investments into the city.
The Vietnamese official emphasized that the city always welcomes foreign investments, especially from American companies that possess extensive expertise and high capabilities in the fields of clean energy, semiconductor chip technology, artificial intelligence, and the digital economy, pointing out that these fields align with the region's modern developmental orientations.
Expanding Prospects for Economic and Developmental Cooperation
The officials noted that Ho Chi Minh City has worked to expand the scope of its developmental zones to include the knowledge economy, green economy, high-tech industries, and international services, in addition to focusing on clean energy sectors, especially offshore wind energy, oil and gas, and logistics.
For her part, the US official affirmed that the United States considers itself a key partner in Vietnam's economic development and digital transformation. She pointed out that the American companies participating in the delegation possess advanced capabilities in the fields of advanced technology, energy, artificial intelligence, and innovation, and are ready to provide digital infrastructure, data centers, and advanced technological solutions to support the development of the digital economy and information and communications technology in the city, to the benefit of both sides and supporting local socio-economic development.
