Round table discussion: Unlocking investment and trade opportunities

On May 29 in New York City, U.S.A, Nguyen Hai Ninh, Central Party Committee Member, Secretary of Khanh Hoa Provincial Party Committee together with the provincial delegation attended a round table discussion with Vietnamese businesses and U.S businesses, investment funds and groups.

Round table discussion.

Also present at the event were Dang Hoang Giang, Ambassador, Head of the Permanent Delegation of Vietnam to the United Nations together with Ho Van Mung, Alternate member of the Party Central Committee, Secretary of Nha Trang City Party Committee and Tran Hoa Nam, Vice-Chairman of Provincial People’s Committee.

The discussion aimed to introduce the potential and investment opportunities; development strategies and specific mechanisms and policies in Khanh Hoa to US businesses and investors.

Provincial Party Secretary Nguyen Hai Ninh speaks at the round table discussion with Vietnamese businesses and U.S businesses, investment funds and groups.

Speaking at the event, Tran Hoa Nam emphasized the potential and advantages of Khanh Hoa Province to US businesses. Till 2023, the province attracted 607 non-budget capital investment projects with a total registered capital of nearly USD18.9 billion (VND480 trillion); 113 foreign direct investment projects with a total registered capital of more than USD3.9 billion, including 6 direct investment projects from the United States with a total registered capital of more than USD70 million.

Khanh Hoa prioritizes investment in 3 sectors of its strength, including high-quality services such as tourism, finance, trade, logistics; education and training, and urban development; processing industry, manufacturing, energy, information technology and telecommunications, and supporting industries; large-scale agriculture with the application of high technology and digital technology associated with processing and consumption in the value chain and competitiveness and international integration improvement. The province focuses on the 3 key regions of Cam Ranh Bay, Nha Trang Bay and Van Phong Bay for investment appeal and development.

Tran Hoa Nam, Vice-Chairman of Provincial People’s Committee speaks at the discussion.

He also suggested some specific areas that Khanh Hoa hopes to cooperate with US partners and businesses such as seaports, petrochemical refining, renewable energy development, urban development, tourism, education, high-quality healthcare, high-tech processing and manufacturing; information technology, software production, artificial intelligence, semiconductors; high-tech aquaculture and seafood processing; cooperate in urban development investment with US investment funds and strategic Vietnamese investors.

On this occasion, representatives of US and Vietnamese businesses shared their investment and business experience in Khanh Hoa, focusing on Van Phong Economic Zone; and discussed cooperation and investment opportunities.

Chau Ngo Anh Nhan, Director of Khanh Hoa Department of Planning and Investment speaks at the event.

In his concluding remarks, Provincial Party Secretary Nguyen Hai Ninh affirmed U.S.A - Vietnam comprehensive strategic partnership for peace, cooperation and sustainable development after 30 years of diplomatic relation, based on which, Khanh Hoa Province wishes to expand cooperation with the U.S.A for mutual development.

This is a step to concretize the comprehensive strategic partnership between Vietnam and the United States established during the State visit of US President Joseph R. Biden Jr. to Vietnam in September 2023.

Provincial Party Secretary Nguyen Hai Ninh talks with a US business.

Provincial Party Secretary Nguyen Hai Ninh affirmed that Khanh Hoa is among the few provinces for which the Politburo has issued a specific  Resolution on development orientation to promote its strategic socio-economic position as a regional connection center and the main gateway to the East Sea from ​​the Central Highlands and South Central Coast of Vietnam.

The province also benefits from preferential and specific mechanisms and policies together with infrastructure investment in motorways, international airports, international seaports, etc. contributing to boosting regional connectivity and competitiveness for the province.

Besides, the local major planning has been approved with the general planning and urban zoning planning completed and underway as a foundation for spatial development orientation and investment promotion. With its great potential and advantages, Khanh Hoa Province hopes to attract more US investors in the 3 key economic regions.

A representative of Sungroup talks with a US business.

Khanh Hoa Salanganes Nest Company introduces products to US businesses

On this occasion, Vietnamese businesses organized a B2B (Business to business) session with US businesses in the fields of investment, tourism, trade and preferential policies in Khanh Hoa Province.

Australis Vietnam Seafood Co., Ltd., which invests in aquaculture in Van Phong Bay area, shared some investment advantages in Khanh Hoa. The company with 1,000 employees is producing about 10,000 tons/year with 4 processing factories in Khanh Hoa.

A US business with sea grape products of DT Group Company.

L.H

Translated by N.T