Multiple U.S. companies said they wanted to invest in the fields of technology, energy, healthcare, aerospace, and others in Ho Chi Minh City, heard participants at a meeting held in San Francisco on Thursday (local time).

The meeting gathered chairman of the Ho Chi Minh City administration Phan Van Mai and representatives of nearly 30 major U.S. enterprises operating in energy, infrastructure development, hi-tech, information technology, finance, and innovation.

The event was part of Vietnamese State President Vo Van Thuong’s trip to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week in San Francisco from Tuesday to Friday this week.

Speaking at the meeting, David Lewis, chairman and CEO of Energy Capital Vietnam, pledged that the company will invest in innovation and green energy in the upcoming time.

Energy Capital Vietnam was established in 2017 by a group of experienced investors and experts in energy and infrastructure development.

Patrick Sweeney, vice-president at Business Executives for National Security (BENS), said many BENS member companies look to invest in technology, aerospace, defense, finance, healthcare, and energy in Ho Chi Minh City.

At the event, the Ho Chi Minh City chairman stressed that the city is aware of its pioneering role in executing cooperation activities, with a focus on developing hi-tech, semiconductor, digital economy, and green economy sectors.

Mai also briefed the U.S. investors on the southern Vietnamese metropolis’ green and sustainable development strategies.

The Vietnamese city had completed its green growth strategic framework until 2030 with a vision to 2050, Mai continued.

The city encourages green consumption behaviors, green transportation, and green construction and prioritizes investment in hi-tech, green startup, innovation, and green tourism projects.

Mai also called on U.S. firms to invest in renewable energy and green transportation projects in the city.

The head of the Ho Chi Minh City administration revealed that his city wishes to approach green credit and green finance programs.

The Ho Chi Minh City administration on Thursday also held an investment promotion conference in San Francisco, where U.S. Ambassador to Vietnam Marc Knapper highlighted the favorable conditions in the investment climate of the Vietnamese city and called on U.S. firms to make further investment in the city.

At the conference, Vietnamese and U.S. enterprises signed and exchanged four memoranda of understanding (MoU) and two letters of intent to bolster green growth and hi-tech projects.

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