This is the third working visit of the
state to Vietnam over the last nine years, according to Cong Thuong (Industry
& Trade) newspaper.
Director at Idaho Department of Commerce Megan Ronk answers reporters' queries at a press conference
Speaker of the Idaho House of
Representatives Scott Bedke said the mission includes 15 businesses operating
in cultivation, dairy production, and breeding. He added that the US firms see
huge cooperation opportunities in Vietnam.
Idaho has strengths in agricultural and
food production, hi-tech industries, and semi-conductor industry. In 2016,
Idaho exported USD 11.35 million worth of goods to Vietnam, up 55 percent
year-on-year.
Director at Idaho Department of Commerce
Megan Ronk said many businesses from the state have upwards of 10-year-old
working relationships in Vietnam.
She said that Idaho is the biggest dairy
producer in the US with 25,000 farms.
In the last two years, Vietnamese dairy
companies and farms have imported more than 8,000 milk cows from the US’s
western states, including Idaho. Therefore, Idaho wants to seek more
cooperation opportunities and share development experience with Vietnamese
businesses.
The state’s government is also accelerating
activities to draw foreign direct investment from Vietnam, she said.
She noted that projects worth USD 500,000 or
more and generating jobs for at least 10 workers are eligible to enjoy the
state’s incentives.
Source: VNA