HCM City looks for US cooperation in startups, smart city building

 At the reception. Photo: sggp.org.vn

Nhan, also a member of the Politburo, made the statement while receiving a US delegation, led by Ted Yoho, Chairman of the Subcommittee on Asia and the Pacific under the US House Foreign Affairs Committee on October 18.

He lauded progress made in Vietnam-US relations, saying more and more US investment projects in trade, education and technology are arriving in Vietnam.

Ho Chi Minh City aims to proactively promote trade-investment ties with the US, the official added, hoping that Yoho will continue to support his country’s ties with Vietnam and Ho Chi Minh City.

Expressing delight at the development of bilateral relations and of the city’s economy, Yoho commended the effective collaboration between Ho Chi Minh City and US localities in trade, education, and infrastructure.

He said many US firms are interested in the local market and hoped authorities would create favorable conditions for US companies to study and invest in the market.

The US congressman said the US is willing to assist Ho Chi Minh City in urban development, especially smart city building.

The US is Ho Chi Minh City’s 10th biggest foreign investor with 350 projects worth more than 640 million USD. US investment accounted for a third of total overseas capital poured into the city in the first nine months of 2017.

Source: VNA