Da Nang calls for high-tech investments in the US
A delegation of Da Nang City People's Committee led by chairman Huynh Duc Tho is paying a visit to the US to call for investment.
The Da Nang delegation signed three co-operation memorandums in the US
The Da Nang Business Roundtable was held on August 19 at Silicon Valley to call for investment into Danang with over 100 attendees from Vietnam and the US.
Tho said relationship between the two countries had seen great improvements in past years, especially business between the two countries. The US are the third biggest investor in Danang with 63 FDI projects and total registered capital of USD595m, accounting for 19% of the city's FDI investment.
According to Tho, Vietnam will continue to be an ideal investment destination thanks to political stability, ample labour and reasonable cost of living. Danang has the most potential in the central region.
The city authorities want to call for investments for information technology, electronics, aerospace, automation, artificial intelligence, supporting industry, healthcare, education and real estate which are USA's strong points.
Danang's authorities have answered questions about human resource development, intellectual property rights and preferential policies and received positive feedback from American firms.
On the same day, three co-operation memorandums were signed.
The first one was between Danang High-Tech Park and Industrial Zone Management Board with Ai20X Silicon Valley about co-operation in the construction and development of Danang High-Tech Park.
The second was between Danang Information Technology Park Development JSC with Meritronics AMT about setting up Trung Nam Meritronics Technology JSC to provide electronic manufacturing services at the high-tech park.
The third was between Ai20X Silicon Valley and Danang Information Technology Park Development JSC about providing services to build and develop Danang information technology park as an "extended Silicon Valley".
Danang People's Committee said they would continue to improve the business environment.
The biggest craft beer festival in Da Nang, Beer United 3, will be held on August 24.
Da Nang Water Supply Company (Dawaco) announced that water sources have become eight times saltier so they will have to cut supplied freshwater.