Minh said that in March, Da Nang's leaders made a working trip to the U.S., during which they worked with many organizations and businesses to propose cooperation in human resources training programs for Da Nang and introduced the city’s business environment as well as policies to attract investment in the semiconductor industry.

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Da Nang develops human resources to serve semiconductor IC industry. (Photo: tuoitre.vn)

On March 26, Da Nang launched a training course on semiconductor integrated circuit (IC) with the support from the U.S.’s Synopsys company, he noted, adding that this is a step forward in developing the contents of the memorandum of understanding between the city and Synopsys on cooperation in the field of semiconductors.

Minh said the city hoped that the U.S. Consulate General in HCM City will assist Da Nang in accessing the International Technology Security and Innovation (ITSI) Fund under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of the U.S., thus helping the city in human resources training and developing the assembly, test, and packaging (ATP) stage.

In the near future, Da Nang will soon establish a working group to promote cooperation between Da Nang and the U.S., aiming to work with the U.S. Consulate General in HCM City to discuss cooperation in various fields between the two sides, he said.

For her part, Burns said that thanks to recent visits by Da Nang's leaders, U.S. firms have increasingly been interested in the city, which they described as a promising investment destination.

The U.S. diplomat expressed her hope that along with cooperation in traditional areas, the U.S. and Da Nang will expand collaboration in other fields such as semiconductor chips, renewable energy, finance, and seaports.

Da Nang now has cooperative relations with three U.S. cities, namely Oakland in California, Pittsburgh in Pennsylvania, and Houston in Texas.

As of the end of October 2023, Da Nang had hosted 82 valid U.S.-funded projects worth 831 million USD, accounting for 8% of the project number and more than 19% of the investment capital of the city, mostly in the fields of tourism, real estate, high technology, and supporting industries. The results made the U.S. the third largest investor among 45 countries and territories investing in the central economic hub.

Meanwhile, more than 20 firms of Da Nang have engaged in import-export activities with the U.S. In the first half of 2023, Da Nang’s exports to the U.S. reached 205 million USD.

The U.S. is running four ODA projects in Da Nang with total capital of 46.57 million USD, while U.S. non-governmental organizations are funding nine projects in the city.

Regarding educational cooperation, as of 2019, Da Nang University had signed cooperation agreements with 30 reputable partners in the U.S., while coordinating with leading U.S. technology enterprises such as Intel, Boeing, Microsoft and IBM.

Source: VNA