HCM City looks for US cooperation in startups, smart city building - HCM City looks for US cooperation in startups, smart city building - Website Ho Chi Minh City
Ho Chi Minh City hopes for assistance from the US Government and businesses to local startup and innovation activities as well as smart city building, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
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.
HCM 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 HCM City.
Expressing delight at the development of bilateral relations and of the city’s economy, Yoho commended the effective collaboration between HCM 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 favourable conditions for US companies to study and invest in the market.
The US congressman said the US is willing to assist HCM City in urban development, especially smart city building.
The US is HCM 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.