During the working program in the United States, on the afternoon of November 7 (local time), in Dallas city, Texas state, Nghe An province coordinated with the Consulate General of Vietnam in Houston city to organize a workshop: "Vietnam's economic development prospects after upgrading Vietnam - US relations and investment opportunities in Nghe An".
Attending the workshop were Mr. Nguyen Trac Ba - Consulate General of Vietnam in Houston; Ms. Samatha Taylor - Director of the Department of Economic Development of Dallas City and more than 30 delegates from 24 businesses in the fields of: Banking, finance, law, construction, energy, electronics manufacturing, semiconductor equipment...
On the side of the delegation of Nghe An province, comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee was the Head of the delegation. The delegation included comrades: Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; Dang Thanh Tung - Chief of Office of the Provincial People's Committee; Pham Hong Quang - Director of the Department of Planning and Investment; Trinh Thanh Hai - Director of the Department of Finance; Pham Van Hoa - Director of the Department of Industry and Trade; Phung Thanh Vinh - Director of the Department of Agriculture and Rural Development; Hoang Phu Hien - Director of the Department of Transport; Le Tien Tri - Head of the Management Board of the Southeast Economic Zone; Tran Khanh Thuc - Director of the Department of Foreign Affairs.
Speaking at the opening of the workshop, Mr. Nguyen Trac Ba - Consulate General of Vietnam in Houston said that Nghe An and the United States have a lot of potential for investment cooperation, especially in developing high-tech industrial projects and supporting industries. The Consulate General of Vietnam in Houston is ready to act as a bridge between Nghe An province and investors, organizations and companies wishing to learn about the market as well as the ability to invest in potential fields in Nghe An province.
Speaking at the workshop, comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Nghe An province said that the workshop: "Vietnam's economic development prospects after upgrading Vietnam - US relations and investment opportunities in Nghe An" was held in the context of US President Joe Biden's state visit to Vietnam from September 10 to September 11, 2023.
Vietnamese Prime Minister Pham Minh Chinh also had bilateral activities in the United States from September 17 to September 23, 2023, aiming to deepen the relationship between the two countries in the spirit of the Joint Statement on upgrading Vietnam - US relations to Comprehensive Strategic Partnership for Peace, Cooperation and Sustainable Development.
Nghe An sees great opportunities for the province to seek cooperation with partners in the United States after the two countries upgraded their relationship to a Comprehensive Strategic Partnership. The legal frameworks that have been built by the Vietnamese State are stable, transparent, and favorable for foreign enterprises, including those from the United States, to continue operating, expanding their scale, and developing long-term in Vietnam, especially in areas where Texas has strengths and Nghe An province has needs.
Chairman of the Provincial People's Committee Nguyen Duc Trung said that the state of Texas in general and the cities of Dallas and Houston in particular include many large US enterprises. Therefore, he hopes that the Workshop will open up many activities to contact Dallas and Houston enterprises, creating a bridge for enterprises to come and learn about investment in Nghe An province.
On this occasion, Chairman of the Provincial People's Committee Nguyen Duc Trung gave an overview of the conditions of Nghe An province. Nghe An is a province located in the North Central region of Vietnam, with the largest natural land area in the country with nearly 16,500 km2 , rich and diverse terrain, including sea, plains, midlands and mountains, likened to a miniature Vietnam.
Nghe An has a population of over 3.4 million people, ranking 4th in the country; it is the hometown of President Ho Chi Minh - an outstanding cultural figure. Nghe An province's transportation system fully converges roads, airways, sea routes, inland waterways, railways and border gates. Nghe An has a strategic position on the North-South and East-West traffic routes; connecting the Northeast of Thailand, Laos with the East Sea and is a gateway for regional and international trade.
Nghe An's economic scale is ranked 10th out of 63 provinces and cities in Vietnam. The annual economic growth rate is high, reaching 9.08% in 2022 and 6.27% in the first 9 months of 2023.
In particular, attracting investment capital and foreign investment capital is a bright spot. In 2022, it reached nearly 1 billion USD, in the first 10 months of 2023, it reached more than 1.27 billion USD, ranking 9th out of 63 provinces and cities in Vietnam. Up to now, Nghe An province has 130 FDI projects registered for investment, with a total registered capital of nearly 3.85 billion USD. The fields of culture, society, national defense and security are of interest and maintained.
In particular, Nghe An province was issued Resolution No. 39 by the Central Government on construction and development until 2030, with a vision to 2045. This is an extremely important policy, creating new momentum and unique, outstanding mechanisms and policies for the province's development in the new period.
Chairman of the Provincial People's Committee Nguyen Duc Trung emphasized that Nghe An province has prepared favorable conditions to attract investment. The province focuses on attracting investment in the Southeast Economic Zone with 5 industrial parks with a scale of about 2,000 hectares, enjoying the highest incentives according to the regulations of the Vietnamese Government, fully meeting the requirements of investors when coming to learn about and invest in Nghe An. These industrial parks are invested by investors with brands, quality, and experience in the field of industrial park infrastructure business domestically and internationally.
Nghe An province has prepared platforms and ecosystems to welcome US businesses in high-tech fields such as: Semiconductor technology, manufacturing industry, production of materials, electronic components, financial services, banking. The attractive fields aim to meet the requirements of innovation, digital economy, green economy, circular economy, knowledge economy, sharing economy, climate change response economy, new energy, renewable energy for sustainable development.
To attract investors, Chairman of the Provincial People's Committee Nguyen Duc Trung emphasized that Nghe An is focusing on implementing 5 tasks that the province calls "5 readiness".
The first is planning readiness. The Prime Minister of Vietnam has approved the Nghe An Provincial Planning for the period 2021-2030, with a vision to 2050. It integrates 49 planning contents, including 28 sectoral planning and 21 local planning.
In addition, Nghe An province is expanding the Southeast Economic Zone into Nghe An Economic Zone for approval by the Prime Minister; establishing and completing the zoning plan, building functional areas in the Economic Zone according to the overall adjustment of the general planning for construction of the Economic Zone until 2040 approved by the Prime Minister.
Second is to prepare essential infrastructure. Nghe An province is focusing on mobilizing resources to invest in completing important and essential infrastructure, such as: Cua Lo deep-water port construction investment project; Vinh international airport upgrade and expansion investment project; North-South expressway section through Nghe An province will be completed in June 2024.
Nghe An is also completing its infrastructure and social services, including housing for workers, housing for foreign experts, high-quality educational, vocational and medical facilities, commercial facilities, services, hotels and international-standard resorts.
Third is the readiness of investment sites. By 2025, Nghe An province will ensure that there is enough clean land fund and synchronous, modern infrastructure, aiming for green growth in the Southeast Economic Zone with a total area of about 2,000 hectares and industrial parks to welcome investment waves from foreign investors.
Fourth is the readiness of human resources. With an abundant workforce of 1.6 million people of working age, well-trained, hardworking and creative, Nghe An is the education and training center of the North Central region with 6 universities, 11 colleges and more than 70 secondary schools and vocational training centers, ensuring human resources for investors.
Fifth, we are ready to support investors with the most transparent and fastest procedures; promptly resolve problems and difficulties from research and survey, licensing to implementing investment and construction projects, putting projects into production and business operations.
Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung expressed his belief that businesses from Dallas and Houston will find opportunities to cooperate and invest in Nghe An province, because the province has all the necessary conditions to meet the maximum needs of investors.
Nghe An province is committed to always accompanying and creating favorable conditions for businesses from Dallas and Houston to invest successfully, sustainably and long-term in Nghe An. Nghe An province is also willing to listen to the opinions, concerns and aspirations of the business community in Dallas and Houston regarding policies and the investment and business environment of Nghe An.
"I wish the friendly relationship between the United States and Vietnam in general and Nghe An province with businesses from Dallas and Houston in particular will continue to develop and be effective," said Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung.
At the workshop, Chairman of the Provincial People's Committee Nguyen Duc Trung directly answered many questions that businesses and investors in Dallas and Houston were interested in regarding investment procedures, fields/projects attracting investment in the province, labor resources, investment support policies of the government, etc.
Texas is the second largest state in the United States by both land area and population, located in the South Central region of the United States. Texas is the leading producer of oil in the United States. Texas leads the country in cattle and cotton production and is home to more farmland and sheep than any other state in the United States.
Texas has three cities with populations over 1 million: Houston, San Antonio, and Dallas, with Houston being the largest. Texas' GDP in 2022 is $1,876 billion, second in the United States (after California), comparable to the GDP of India or Canada. Its gross state product (GSP) in 2022 is $1.9 trillion, with a growth rate of 2.4% over the five years to 2022.
Texas's key industries include: Agriculture, minerals, energy, aerospace, and commerce. Texas has a strong commercial sector that includes retail, wholesale, banking and insurance, and construction. Some Fortune 500 companies that are not based in traditional Texas industries include AT&T, Kimberly-Clark, Blockbuster, JC Penney, Whole Foods Market, and Tenet Healthcare.
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