Ho Chi Minh City courts US investors in AI and strategic industries
The city is prioritising long-term investment in technology, biotechnology and smart healthcare following its administrative merger.
Ho Chi Minh City wants American companies to make long-term investments in its priority industries, People's Committee chairman Nguyen Van Duoc said during talks with US commerce official Kelly Coldiron. Duoc said the city was seeking investment in areas including innovation, digital transformation and the energy transition following its recent administrative merger.
Science and technology, biotechnology and smart healthcare are also among the priorities. Duoc said authorities were pursuing greater transparency and better business conditions for foreign investors, including those from the United States.
Coldiron, U.S. Deputy Assistant Secretary of Commerce for Asia and Acting Executive Director of SelectUSA, pointed to opportunities for cooperation in high technology, smart cities, innovation, and the digital and green economies. She also identified superintelligence, which the US delegation used as a reference to AI.
She called for continued support for American businesses looking to expand locally and said the delegation sought to address business concerns and identify economic and technological partnerships.
Coldiron separately offered to help businesses in the city find potential US partners and examine opportunities in the American market. She also highlighted SelectUSA, a US government programme supporting international businesses considering investment and expansion in the United States.
City officials later met US Consul General Melissa A. Brown and representatives from companies operating in Vietnam, including Microsoft, NVIDIA, Dell Technologies and Starlink.
