Calling on US businesses to invest in semiconductor and AI technology in the Central region

Aiming to develop high-tech economic sectors, the Central region has a lot of room to attract US businesses to invest in semiconductor and AI technology.

On June 23, at Furama Resort Danang , the Danang Young Entrepreneurs Association in collaboration with the American Chamber of Commerce in Vietnam (AmCham Vietnam) organized the Forum "Exploiting the investment power of the United States in the Central region - Vietnam".

According to Mr. Le Tri Hai - Chairman of the Danang Young Entrepreneurs Association, this is a meaningful event to celebrate the 30th anniversary of the establishment of diplomatic relations between Vietnam and the United States.

According to the Chairman of the Danang Young Entrepreneurs Association, there is still a lot of room for investment cooperation between US businesses in the Central region.

From July 1, Quang Nam - Da Nang officially merged. After the merger, Da Nang's position will reach new heights, including a team of young entrepreneurs with ambition, desire, ready to integrate internationally.

The Da Nang Young Entrepreneurs Association co-organized the forum "Exploiting the investment power of the United States in Central Vietnam".

“International integration in this period will bring strong and sustainable development to the country, in line with the spirit of Resolution 59 of the Politburo on “International integration in the new situation” that General Secretary To Lam emphasized. This is one of the “four resolutions” that are pillars for the country’s development, including Resolution 57 on breakthroughs in science and technology development, innovation and national digital transformation; Resolution 66 on innovation in law-making and enforcement to meet the requirements of national development in the new era; Resolution 68 on private economic development,” Mr. Hai said.

The Forum on Harnessing the Power of US Investment in Central Vietnam was organized with the desire to connect US businesses with the Central Vietnam region, especially Da Nang.

Besides, promoting specific cooperation in strategic areas, including high technology, digital transformation, renewable energy, logistics, education, high-quality healthcare, etc.

Mr. Marc Knapper - US Ambassador to Vietnam affirmed that the cooperation and investment relationship between Vietnam and the US has recorded many important and proud achievements.

After 30 years of establishing diplomatic relations, this is the time for the two countries to elevate their cooperation in new areas such as high technology, semiconductors, AI, cloud computing, and energy.

There are many US corporations currently looking to invest in Vietnam. New business development models also promote increased cooperation between Vietnam and the US at the national to local levels.

Mr. Marc Knapper - US Ambassador to Vietnam spoke at the Forum.

According to Mr. Marc Knapper, the Central region in general and Da Nang city in particular are shifting their economy from focusing on tourism to moving towards high-tech economic sectors. These are areas where US businesses have strengths and are ready to cooperate and support to contribute to the development of the Central region and Vietnam.

Speaking at the Forum "Exploiting the investment power of the United States in Central Vietnam", Mr. Ho Ky Minh, Permanent Vice Chairman of Da Nang City, said that the United States is a key partner of the City.

Currently, Da Nang has 89 investment projects from the United States, with a total registered capital of more than 511 million USD, ranking third in total foreign investment capital in the city, focusing on priority areas of the city such as high technology, supporting industry, tourism, real estate, and services.

In particular, in the high-tech field, there are 8 enterprises from the United States such as Synopsys, Uniquify, Marvell Vietnam recognized as strategic partners in the field of semiconductor industry and artificial intelligence.

Mr. Ho Ky Minh called on US businesses to invest in the fields of semiconductors and AI.

“The above figures not only reflect the confidence of US investors in the investment environment in Da Nang, but also vividly demonstrate the increasingly deep cooperative relationship between Da Nang and US partners, in the spirit of trust, sustainable development and creating the future together,” said Mr. Ho Ky Minh.

According to Mr. Ho Ky Minh, after merging with Quang Nam, Da Nang will have a new stature, a larger development space with economic potential, outstanding cultural values... along with many special mechanisms from the Central Government for Da Nang.

These are favorable conditions for Da Nang to strengthen international cooperation, attract investment, trade, tourism, science and technology, innovation, etc. Notably, the Prime Minister has decided to establish the Da Nang City Free Trade Zone.

The establishment of the Free Trade Zone in Da Nang demonstrates the city's long-term vision in the process of deep integration and transformation of the growth model. The Free Trade Zone will be a new driving force to turn Da Nang into a regional economic center, playing the role of a strategic growth pole of the Central region and the whole country.

Therefore, Da Nang city is very interested in inviting investors and US businesses with financial and technological capacity to learn about the investment and business environment and cooperation opportunities in the city.

The fields in which US businesses have strengths are also the fields in which Da Nang city wishes to attract investment, such as information technology, high-tech manufacturing, automation, semiconductor industry, artificial intelligence, supporting industry, healthcare, education, tourism real estate, etc.

“We consider investors, especially from leading economies like the United States, as key partners in this new development phase. The city is committed to accompanying businesses in the spirit of creation, companionship and risk sharing,” Mr. Ho Ky Minh affirmed.

Source: https://baodautu.vn/keu-goi-doanh-nghiep-hoa-ky-dau-tu-cong-nghe-ban-dan-ai-tai-mien-trung-d311731.html