Business

Numerous US businesses set to arrive in HCM City to implement signed agreements

From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit Ho Chi Minh City to seek investment opportunities and implement signed agreement and reciprocal visits following a state-side visit from Vietnam.

HCM City and US entities and businesses exchange cooperation memoranda. (Photo baodautu.vn)
HCM City and US entities and businesses exchange cooperation memoranda. (Photo baodautu.vn)

HCM City (VNS/VNA) - From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit Ho Chi Minh City to seek investment opportunities and implement signed agreement and reciprocal visits following a state-side visit from Vietnam.

The HCM City Investment and Trade Promotion Centre (ITPC) announced the municipal People's Committee has just organised the 2024 HCM City Autumn Forum in the US. The week-long event featured various investment promotion activities in three major US cities, including Santa Clara, New York and Boston.

The event started in Silicon Valley, where HCM City representatives engaged with US partners on strategies for semiconductor and microchip technology development, aimed at enhancing the competitiveness in key industries.

The discussions garnered valuable insights and recommendations for workforce development.

In New York, HCM City’s leaders and hundreds of US partners discussed prospects for transforming the city into a modern financial hub and explored investment opportunities with leading US financial institutions.

The dialogues emphasised the importance of bilateral cooperation in establishing the city as a prominent financial centre in the region.

The series concluded in Boston, where businesses met with professors and scholars from Harvard University, MIT and other prestigious institutions to discuss ideas for creating a next-generation scientific library.

This initiative is anticipated to establish a foundation for the city to become a knowledge hub for Vietnam and the region in the near future.

Throughout the seven days of the forum, numerous agreements and memoranda of understanding were signed between HCM City entities and US partners.

Following the forum, in mid-November 2024, top US investment funds will travel to HCM City to hold workshops and share IPO experiences, contributing insights for the establishment of a financial centre.

By early 2025, over 30 US businesses are committed to returning to Vietnam to implement signed agreements and further connect with the HCM City business community./.

VNA
#US investment funds #investment opportunities #Vietnam #workforce development #bilateral cooperation #US #financial centre United States Vietnam
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