US businesses seek new investment opportunities in Central Vietnam

Hundreds of experts, policy makers, and Vietnamese and American businesses attended the forum "Exploiting the power of US investment in Central Vietnam" on June 23 in Da Nang.

Mr. Ho Ky Minh (middle) - Permanent Vice Chairman of Da Nang City People's Committee presented flowers to the speakers - Photo: DOAN NHAN

The forum "Tapping the power of US investment in Central Vietnam" was organized by the Da Nang Young Entrepreneurs Association in collaboration with the American Chamber of Commerce in Vietnam (AmCham Vietnam), within the framework of the 30th anniversary of the establishment of diplomatic relations between Vietnam and the United States.

Central region could become economic bright spot

The forum brought together hundreds of investors, business leaders, economic experts and policy makers from the two countries to discuss ways to accelerate attracting high-quality investment to the Central region - a land expected to become a strategic destination for global capital flows.

Mr. Le Tri Hai - Chairman of the Da Nang Young Entrepreneurs Association - said the forum aims to achieve three goals: connecting US businesses with the Central region, introducing the investment potential of localities, especially Da Nang, and promoting specific cooperation in key areas such as high technology, digital transformation, renewable energy, logistics, education and high-quality healthcare.

At the discussion session on "Sustainable energy and sustainable infrastructure - the driving force for the future of the Central region", Mr. Richard Mclellan - founder and CEO of RMAC Advisory, LLC - said that the Central region can become a bright spot in energy and financial development, if it knows how to take advantage of opportunities from US capital flows.

He said: "Free trade zones, financial centers, seaport development... are valuable commitments from the Da Nang government. I am willing to bet on innovative investment opportunities here." However, he also emphasized the need to improve the legal and financial framework so that businesses can confidently invest.

Central region businesses introduce products at the forum - Photo: DOAN NHAN

Sharing the same view, Mr. Matthew McGarvey - co-founder of Xylem Capital - said that the demand for energy in the Central region is very large, but it comes with many challenges in terms of capital, institutional framework and capacity to receive new models such as nuclear power, liquefied gas power or advanced power turbines.

"We cannot just look within Da Nang. We must have a regional view, even broader to countries in the region, to connect capital flows, infrastructure and sustainable energy strategies," he said.

Ms. Shuyin Tang - co-founder and CEO of Beacon Fund (right) - learns about Central Vietnam businesses on the sidelines of the event - Photo: DOAN NHAN

Investing in education and a high-quality workforce

A notable highlight at the forum was that experts called for investment in education, especially local universities.

Experts see the Central region as having the opportunity to become a center for innovation, high-tech manufacturing and the semiconductor industry.

Experts discuss the topic "High-tech manufacturing and high-quality human resource training "Unlocking the potential of Central Vietnam" - Photo: DOAN NHAN

Mr. Le Quang Dam - General Director of Marvell Technology Vietnam - highly appreciated the rapid development of Da Nang and emphasized the role of education in a relatively new field in Vietnam such as semiconductors.

"Vietnamese students are excellent in science and technology, but lack expertise in semiconductors. We are working closely with universities to build special training programs, support disadvantaged students with potential, and develop specialized laboratories," Mr. Dam shared.

Marvell currently has offices in Ho Chi Minh City, Hanoi and Da Nang, and is promoting support for Da Nang University to implement a semiconductor engineering training program.

FLY OF GOOSES

Source: https://tuoitre.vn/doanh-nghiep-my-tim-co-hoi-dau-tu-moi-tai-mien-trung-20250623143854175.htm