Quang asked the diplomat to facilitate U.S. investment in tourism and services, IT and finance in the city.
Knapper praised Da Nang’s attraction to investors and stated the embassy wants to coordinate with municipal authorities in luring investment in the city.
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Secretary of the Da Nang Party Committee Nguyen Van Quang (second from right) receives Marc E. Knapper, U.S. Ambassador to Vietnam. (Photo: baodanang.vn) |
On the same day, Knapper’s delegation met with Standing Vice Chairman of the municipal People’s Committee Ho Ky Minh, who outlined the city’s tourism recovery.
Knapper expressed his focus on a project to build a regional financial center in Da Nang. When the project begins, U.S. financial and IT businesses will eager to channel their capital into the city, he said.
Also on April 22, the U.S. Department of Agriculture (USDA)’s Foreign Agricultural Service, together with the American Chamber of Commerce in Da Nang, held an expo on U.S. food and beverages to introduce them to the local business community.
According to Knapper, Vietnam is currently the 8th largest export market for U.S. food and farm produce, while the U.S. is Vietnam's biggest export market. Bilateral agricultural trade more than doubled from 4 billion USD in 2011 to 9 billion USD in 2021.
Statistics of the Da Nang Department of Foreign Affairs showed that the U.S. is currently ranked 3rd among more than 50 countries investing in the city, accounting for about 16 percent of the total registered capital. Currently, U.S. investors and joint ventures are operating 61 projects worth 700 million USD in Da Nang.
The central economic hub has so far signed pacts to set up an official cooperation relationship with three U.S. cities – Oakland (California), Pittsburgh (Pennsylvania), and Houston (Texas).
Source: VNA