As part of their ongoing working trip to the USA, a group of Da Nang’s leaders, led by municipal Party Committee Secretary Truong Quang Nghia, held a talk about Da Nang’s trading and its investment activities in San Francisco on 7 September (local time in San Francisco).

Secretary Nghia (front row, 3rd left) attending the talk

Attending the event were Vietnamese Consul General in San Francisco Ho Xuan Son, along with nearly 100 investors, businesspeople ,and representatives from the Association of Vietnamese and US companies.

In his remarks at the event, Da Nang People’s Committee Vice Chairman Tran Van Mien expresssed his delight at the fine development of bilateral relations between Viet Nam and the USA through visits by high-ranking officials. Specifically mentioned was the State visit to Viet Nam by the US President Donald Trump from 10 - 12 November 2017 to attend the APEC Economic Leaders’ Week 2017.

Vice Charman Mien added his city has established cooperative relations with Oakland City, California, in 2005, and Pittsburgh City, Pennsylvania, in 2008. He noted currently Da Nang was now home to 53 US-invested projects with a total investment capital of around 520 million USD.

Vice Chairman Mien remarked his city is rolling out the red carpet for investors from multinational corporations to learn about the investment environment and cooperation opportunities in various aspects which focus on hi-tech, information technology (IT), clean industry, tourism, trading, education and social welfare programmes. The intention was to build Da Nang into an environmentally friendly city with developed economy.

Secretary Nghia speaking at the event

He underlined the focus was on perfecting the infrastructure of the city’s over 1,100ha Hi-Tech Park which is one of the country’s 3 high class industrial parks. Meanwhile, the construction of the 341ha dedicated IT Industrial Park is underway.

He noted the 2 parks were considered as inviting investment venues for foreign investors, including those from the USA, thanks to their favourable geographical locations, synchronous infrastructure, and the city’s preferential policies.

During the talk, the Da Nang visitors briefed the invited guests on the city’s investment environment and business opportunities, plus local incentive policies. In addition, they answered questions raised by the participants about the city’s investment environment, human resources and others.

The US investors spoke highly the city’s open, fair, and transparent investment environment, and its development orientations. They also affirmed that the bilateral cooperative relations between the USA and Da Nang, and Viet Nam as a whole, would be further strengthened in the years ahead.

During his closing speech at the event, Secretary Nghia pledged to enhance his city’s investment environment through practical actions in order to attract even more foreign investors to the city.

“With the determination of the local authorities and the active response from investors, Da Nang will continue uphold its strengths to promote its socio-economic development in order to become one of the country’s top attractive destinations for foreign investors, especially those from the USA”, Mr Nghia emphasised.

The city party chief also asked for help from the San Francisco government and the US business community to advertise the images of Da Nang and appeal for foeign investment into the city’s aspects such as hi-tech, IT, clean industry, logistics, tourism, trading, and education.

Also on the same day, the Da Nang delegation visited the Allied Telesis Holdings and Advantech companies in the Silicon Valley, the State of California, the USA. The purpose was to appeal for these businesses to invest into the city’s smart infrastructure.

The city leader Nghia (1st left) speaking with representatives of businesses in the Silicon Valley

The Da Nang delegation visiting companies in the Silicon Valley

Earlier on 6 September (local time in San Francisco), the Da Nang guests paid a courtesy visit to Chairman of the Council of the Oakland City.

Secretary Nghia (3rd left) and representatives from the Council of the Oakland City

During the meeting, the hosts and the guests agreed to foster the bilateral friendship and cooperation relations between the 2 localities in the coming time.