Politics

Da Nang to boost connections, trade with US investors: Party official

The central coastal city of Da Nang hopes to boost links and promote trade with US investors and enterprises, affirmed Secretary of the municipal Party Committee Nguyen Van Quang while receiving visiting US Ambassador to Vietnam Marc E. Knapper on April 22.
Da Nang to boost connections, trade with US investors: Party official ảnh 1Secretary of the Da Nang Party Committee Nguyen Van Quang (second from right) receives Marc E. Knapper, US Ambassador to Vietnam. (Photo: baodanang.vn)
Da Nang (VNA) – The central coastal city of DaNang hopes to boost links and promote trade with US investors and enterprises,affirmed Secretary of the municipal Party Committee Nguyen Van Quang whilereceiving visiting US Ambassador to Vietnam Marc E. Knapper on April 22.

Quang asked the diplomat to facilitate US investment intourism and services, IT and finance in the city.

Knapper praised Da Nang’s attraction to investors and statedthe embassy wants to coordinate with municipal authorities in luring investmentin the city.

On the same day, Knapper’s delegation met with StandingVice Chairman of the municipal People’s Committee Ho Ky Minh, who outlined thecity’s tourism recovery.

Knapper expressed his focus on a project to build a regionalfinancial centre in Da Nang. When the project begins, US financial and ITbusinesses will eager to channel their capital into the city, he said.

Also on April 22, the US Department of Agriculture (USDA)’sForeign Agricultural Service, together with the American Chamber of Commerce inDa Nang, held an expo on US food and beverages to introduce them to the localbusiness community.

According to Knapper, Vietnam is currently the 8th largestexport market for US food and farm produce, while the US is Vietnam's biggestexport market. Bilateral agricultural trade more than doubled from 4 billionUSD in 2011 to 9 billion USD in 2021.

Statistics of the Da Nang Department of Foreign Affairsshowed that the US is currently ranked 3rd among more than 50 countriesinvesting in the city, accounting for about 16 percent of the total registeredcapital. Currently, US investors and joint ventures are operating 61 projects worth700 million USD in Da Nang.

The central economic hub has so far signed pacts to set upan official cooperation relationship with three US cities – Oakland (California),Pittsburgh (Pennsylvania), and Houston (Texas)./.
VNA
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