He made the suggestion at a reception on October 20 for Whitney Baird, Deputy Assistant Secretary for the Bureau of Economic and Business Affairs at the U.S. Department of State, who is on a visit to the city.

The official expressed his delight at the strong development of the Vietnam-U.S. relationship and their extensive and substantive cooperation.

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At the reception

The U.S. and Vietnam have been each other's important trading partner, he said, noting that the U.S. currently has more than 500 investment projects worth 1.3 billion USD in the city, ranking 10th among countries and territories investing in the locality. The North American country is the city's top trading partner with a total two-way trade turnover of 4.4 billion USD in the first six months of this year.

However, he said, the economic cooperation between HCM City and the U.S. has not met the potential and desire of both sides.

Chau voice his hope that there will be more specific projects between the U.S. and city partners to fulfill their cooperative potential.

For her part, Baird highly appreciated the collaboration between the U.S. and HCM City on customs clearance of goods traded between the two countries after her visit to Cat Lai port.

She affirmed that the U.S. Government always wants to diversify the supply of goods so it will pay attention to the city's proposal on cooperation in this field.

As climate change is seriously affecting people's life and demand for clean and green energy sources is on rise, the U.S. wishes to further expand investment and business cooperation of U.S. enterprises in HCM City in this regard, Baird said.

Source: VNA