According to the Ho Chi Minh City Investment and Trade Promotion Center (ITPC), from this month until early 2025, major U.S. investment funds and over 30 companies will successively visit Ho Chi Minh City to seek investment opportunities and implement signed agreements. These mutual visits are follow-up exchanges after the Vietnamese delegation’s visit to the United States.
The Ho Chi Minh City People’s Committee recently held the 2024 Ho Chi Minh City Fall Forum in the United States. The week-long activities included investment promotion events in three major cities: Santa Clara, New York, and Boston.
The forum’s first stop was in Silicon Valley, where the Ho Chi Minh City delegation engaged in in-depth discussions with U.S. partners on semiconductor and microchip technology development strategies, aiming to enhance key industry competitiveness. Both sides reached valuable insights and suggestions on talent development.
In New York, Ho Chi Minh City leadership explored prospects of transforming the city into a modern financial center with hundreds of U.S. partners and discussed investment opportunities with leading U.S. financial institutions. The talks emphasized the importance of bilateral cooperation in promoting the city as an important regional financial center.
The forum’s final stop was in Boston, where business representatives met with professors and scholars from prestigious institutions including Harvard University and MIT to exchange views on building next-generation science libraries. This initiative is expected to lay the foundation for Ho Chi Minh City to become Vietnam’s and the region’s knowledge center in the near future.
During the seven-day forum, Ho Chi Minh City institutions signed multiple agreements and memorandums of understanding with U.S. partners.
Following the forum, top U.S. investment funds plan to visit Ho Chi Minh City in mid-November 2024 to hold seminars and share IPO experiences, providing advice for the city’s financial center development.
By early 2025, over 30 U.S. companies will return to Vietnam to implement signed agreements and further strengthen connections with Ho Chi Minh City’s business community.
Key Points:
- U.S. investment funds and companies will intensively visit Ho Chi Minh City in coming months.
- Ho Chi Minh City successfully held investment promotion events in three major U.S. cities.
- Both sides reached multiple consensuses on semiconductor technology, financial center development, and educational cooperation.
- Multiple cooperation agreements and memorandums signed.
- U.S. delegations will visit Vietnam in batches to advance project implementation and economic cooperation.
