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Tuesday, July 16, 2024

PM calls for U.S. businesses to invest in Vietnam

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh had a meeting on August 1 with a California State delegation comprising officials and business executives, led by Mayor of Oakland City Sheng Thao, during their visit to Vietnam.

The PM expressed his appreciation for strong relations between Vietnam and Oakland, as well as California as a whole. Notably, trade and marine cooperation have flourished between the two sides.

California currently stands as Vietnam’s largest local partner, with nearly 100 businesses having investment projects in the country. Simultaneously, more than 70 Vietnamese companies have established their presence in California, where a significant Vietnamese-American community thrives.

Recognizing the immense potential for further collaboration in areas such as economy, trade, investment, science-technology, energy transition, hi-tech, innovation, education, and business start-ups, both sides are eager to maintain and enhance this positive cooperation.

The PM proposed Mayor Sheng Thao and California officials continue their efforts in developing ties with Vietnam, particularly in the field of economy, trade, and people-to-people exchange. He also expressed his hope for increased exchange activities, information sharing, and support for the Vietnamese community in the U.S.

In response, Mayor Sheng Thao conveyed her admiration for Vietnam’s dynamism, stunning landscapes, and hospitable people. She pledged to strengthen friendship and cooperation with Vietnam, focusing on sectors where Oakland and California excel, such as transportation, logistics, digital economy, and innovation. This mutual effort aims to foster the development of relations between California and Vietnam.

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