In recent years, the high-precision manufacturing industry has been actively establishing new manufacturing bases outside China, the supply chain has increased requirements for green power and net-zero carbon emissions, and the large-scale and stable demand for green electricity from global high-tech manufacturers has brought huge business opportunities.

On January 22, Micro Electricity signed a memorandum of cooperation with Saigontel, Vietnam's largest industrial park developer under Saigon Investment Group, and Energy Capital Vietnam, the United States, to select the first 300MW demonstration site to jointly invest in the development of renewable energy facilities at the level of industrial parks in Vietnam, covering solar power grids, energy storage, and green power direct supply models.

Micro Electricity is Taiwan's first energy-integrated service provider from the perspective of energy management, emphasizing "solar energy as a service", the demonstration park power plant in cooperation with Saigontel is expected to start construction by the end of this year, and will build a demonstration case for the use and management of renewable energy in the industrial park with a green energy management service model, supply the green power needs of the stationed manufacturers, provide the best backing for Taiwanese companies in Vietnam, and then become the best partner to achieve carbon reduction commitments in Southeast Asia.

On January 22, Micro Electricity and Saigontel, a developer in Vietnam's industrial zone, jointly invested in the development of Vietnam's industrial park-level renewable energy facilities, covering solar power grids, energy storage, and green power direct supply models. (Micro-electric energy/provision)

Micro Electricity will work with the local team in Vietnam to organize and recruit outstanding solar energy talents, integrate relevant resources in the mode of green power services, solve the problem of carbon emission coefficient from the development, construction, maintenance, and management of solar power sites, and apply Taiwan's green power certificate and green power trading experience to help enterprises achieve RE100. "Based on data, Microelectronics conducts energy integration services such as climate prediction, monitoring and analysis, equipment operation, photovoltaic storage, and direct power supply, and integrates relevant technologies into microgrid-level enterprise RE ratio settlement, to optimize power efficiency by mastering 'green energy data'," said Chairman Wang Mindi, Chairman of the Board of Directors.

Founded in 2015, Micro Electricity focuses on the integration of green energy asset innovation and cross-border application, solar power station design, construction, and operation services. Micro Electricity expects cross-field integration and innovation, building an open ecosystem solar energy business model, and developing a sustainable future. It has a solid solar power station engineering number, independently develops industrial data analysis, IoT-level remote monitoring system, predictive operation and maintenance management, and integrates related technologies for production capacity, energy storage, and load; It constitutes a solar energy application platform integrating current, gold flow, and information flow, and creates sustainable value such as green energy development, green power application, technology research and development, and common good with society.

Quote from Economic Daily Weng Yongquan

On January 19, 2024, with the aim of creating favorable conditions for attracting the semiconductor industry, Long An province solemnly organized a working program with a delegation of US and Taiwanese enterprises under the Green Alliance SAIGONTEL. The theme of the program was 'Collaboration to Enhance Long An's Position in Green Growth and Global Semiconductor Supply Chain.' The objective was to call for resources to support the local area in promoting investment attraction in the high-tech sector and developing the semiconductor industry ecosystem, as well as preparing infrastructure to welcome investors in this field.

The People's Committee of Long An Province and SAIGONTEL signed a memorandum of understanding to promote and invite investment projects in the province's green growth sector.

Participating in the program, representing Long An Province were Mr. Nguyen Van Duoc - Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Mr. Nguyen Van Ut - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Mr. Huynh Van Son - Vice Chairman of the Provincial People's Committee, along with departments and local authorities. On the participant's side, with the support and connection of Saigontel, the program attracted the attention of representatives from the U.S. Department of Energy, U.S. Department of Commerce, National Agency for Technology Entrepreneurship and Commercialization Development under the Ministry of Science and Technology of Vietnam, Consulting Companies, Investment Funds, and Enterprises in the field of clean energy infrastructure and semiconductor workforce development from the United States, Taiwan, and Korea.

At the working session, on behalf of the province, the Deputy Director of the Department of Planning and Investment of Long An introduced the orientation of attracting local support resources in the green growth sector, especially in high-tech investment, particularly semiconductor technology. Currently, Long An's economic scale ranks 13th in the country and leads the Mekong Delta region. Looking towards 2030, Long An province continues to vigorously develop infrastructure, including transportation and clean energy infrastructure. Identifying potential projects that can generate carbon credit funds, with a strong emphasis on training and developing a high-quality workforce, aiming for green growth, innovation, and establishing green industrial parks with a goal of 'Zero' Carbon by 2050, following the Government's roadmap.

At the program, the investor group from the SAIGONTEL Green Growth Alliance also provided advice and proposed solutions to help the locality establish a carbon reduction roadmap in the province, as well as methods to attract green credit capital. They discussed practical solutions for the development of clean energy in local industrial parks, addressing the carbon tax in the import and export of goods to the US and Europe markets. The investors emphasized the importance of building a semiconductor microchip ecosystem, training and developing human resources. Additionally, they suggested piloting a specialized industrial park model for high-tech and semiconductor industries.

Representatives of the investors

Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council - Nguyen Van Duoc expresses the desire for supporting units to assist the locality in conducting statistics, inventory, and planning the development of clean energy, carbon targets that the province may have, and a mechanism for offsetting carbon credits to attract investment from high-tech businesses in a reasonable and effective manner. In addition, the shortage of skilled labor in the high-tech field is one of the barriers that the locality needs the active cooperation of partners to balance the resources.

Mr. Nguyen Van Duoc - Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council had a speech

In the concluding remarks at the working session, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee – Mr. Nguyen Van Ut affirmed that Long An with the spirit of integration, development, and towards sustainable growth goals is always committed to accompanying and supporting units in the process of coordinating the implementation of the above-mentioned project.

Chairman of the Provincial People's Committee – Mr. Nguyen Van had a speech

Representatives of the U.S. Departments expressed their commitment to actively support Long An in building a roadmap for emission reduction and energy planning in industrial parks. They also pledged to promote technology transfer and be ready to attract green credits to help the locality quickly realize its goals. Regarding Taiwanese partners, they proposed promoting the development of human resources through short and long-term training programs for the province's workforce in the semiconductor industry. In the long term, the parties will move towards proposing investment in the Vietnam-Taiwan-USA industrial park to pilot the model.

At the conclusion of the program, the parties reached an agreement and signed a Memorandum of Understanding on the discussed collaboration points.

The Department of Labor, war Invalids, and Social Affairs and Saigontel

have signed a Memorandum of Understanding regarding the support for workforce training.

Investment Promotion Department.

On January 17, 2024, the People's Committee of Thai Nguyen Province organized a working session and signed a memorandum of understanding on green growth cooperation with the Saigontel Green Alliance. The goal of the memorandum is to effectively implement green growth across all sectors.

The signing ceremony between Saigontel and the Green Alliance with Thai Nguyen Province

The working program included representatives from Thai Nguyen Province, Mr. Le Quang Tien, Vice Chairman of the Provincial People's Committee, and representatives from departments, committees, sectors, and localities. On Saigontel's side and its partners, there were Ms. Nguyen Cam Phuong, General Director of Saigon Telecommunication & Technologies Corporation (Saigontel); Mr. Robert Cresanti, Forbes Council Member, Responsible of The US Semiconductor microelectronics and nanoelectronics programs; Mr. David Lewis, President and CEO of ECV, a member of the Green Alliance; Mr. Truong Vu Thanh, Local Partner and Country Director of ECV, a member of the Green Alliance; Mr. Ho Anh Tung, Director of Allotrope Partners Vietnam, a member of the Green Alliance.

During the program, representatives from the Saigontel Green Alliance reported and proposed collaboration related to waste assessment, suggesting solutions and a roadmap to achieve the goal of net-zero emissions suitable for the province's current situation. Partners also shared potential for green growth in the province, strategies for waste reduction in the energy sector, as well as green finance, carbon credits, and current transaction methods. They discussed the support of the U.S. government for high technology and green growth.

Representatives from the Green Alliance reported and proposed content related to green growth

The proposed memorandum of cooperation aims to effectively implement the green growth objectives in all areas with developing projects, plans, analyzing timelines, and deploying solutions for the green growth roadmap of Thai Nguyen province towards achieving a net-zero emission standard. This aligns with the actual situation of Thai Nguyen province, conforms to the Provincial Planning for the period 2021-2030, envisions until 2050, and complies with relevant legal regulations.

Speaking at the working session and signing ceremony, Mr. Le Quang Tien suggested that Saigontel and its partners collaborate with Thai Nguyen province in formulating policies and implementing plans to reduce emissions, attracting green financial resources from foreign investors and multinational corporations. He also urged joint efforts to enhance the investment environment, business environment, and attract investment from sources such as green energy development funds and foreign investors and multinational corporations. Additionally, providing training services on methods and strategies for greenhouse gas emission reduction and related green growth content was discussed.

Mr. Le Quang Tien suggested that Saigontel and its partners collaborate with Thai Nguyen province

At the conclusion of the working session, Mr. Le Quang Tien, on behalf of the People's Committee of Thai Nguyen province, and Ms. Nguyen Cam Phuong, on behalf of Saigon Telecommunication & Technologies Corporation (Saigontel) signed the memorandum of understanding for green growth cooperation and environmental protection in the province.

Investment Promotion Department.

On the morning of September 22nd, at the Sustainable Real Estate Market Development Forum, The Ori Garden project had the honor of receiving the 'Being worth living Project of the Year 2023' award.

Among hundreds of nominated projects and residential buildings, including social housing in the Bau Tram Lakeside urban area, commercially known as The Ori Garden, was named the 'Being worth living Project of the Year 2023' in the social housing category. This award is organized by the Business Forum magazine, the official publication of the Vietnam Chamber of Commerce and Industry, to honor businesses with quality housing projects that contribute to building a civilized urban environment and social development.

The OriGarden project received “Being worth living project of the Year 2023” award (Image: organizing committee)

The project's award was evaluated based on the specific criteria set by the organizers, including compliance with housing regulations, infrastructure, and construction engineering laws. Additionally, criteria related to the project's innovations in social welfare development were also considered.

The Ori Garden social housing project is developed by Sai Gon Urban Development And Investment Joint Stock Company (SGU), a subsidiary of the Saigontel ecosystem. The Ori Garden has redefined social housing by providing modern, sustainable designed homes with a range of amenities comparable to mid-range commercial projects in the market. This enhances convenience and quality of life for residents. In addition, the project has invested in a comprehensive fire protection system, clean water supply, and building security, ensuring safety and well-being. It is expected to be a healthy living place for thousands of workers in Da Nang and a place for relaxation and entertainment for children, adults, and the elderly.

Community activities exclusively for The Ori Garden residents (Image: The Ori Garden)

In addition to providing a civilized life with amenities such as a swimming pool, children's playground, schools, play areas, and squares, The Ori Garden residents also regularly participate in activities and events within the project, contributing to community building and connectivity.

Investment Promotion Department.

Former President of Korea, Mr. Lee Myung-bak visited Long An province on December 3rd, It is a trip to strengthen connections and promote the friendship between Vietnam and Korea. The visit aimed to enhance cooperation, Promotion investment, and facilitate trade connections between Long An and key regions and large businesses in Korea. The delegation was welcomed by Vietnamese former President, Mr. Truong Tan Sang; Secretary of the Provincial Party Committee, Mr. Nguyen Van Dieu; Chairman of the Provincial People's Committee, Mr. Nguyen Van Ut; Other provincial leaders; The Consul General of Korea in Vietnam; Representatives of Vietnamese and Korean enterprises

Former President, Mr. Truong Tan Sang welcomes Former President of Korea, Mr. Lee Myung Bak

Mr. Lee and the accompanying Korean businesses visited the Tan Tap and Nam Tan Tap industrial parks which invested by Saigon Telecommunication & Technologies Corporation (Saigontel). In the presence of former leaders of both countries, Saigontel representatives introduced a low-carbon industrial park model aligned with sustainable economic development goals. This initiative contributes to environmental protection, aligning with Vietnam's commitment to net-zero emissions at the 2021 United Nations Climate Change Conference (COP26). This effort aims to promote Long An province forward in attracting high-tech investments. The Chairman of Saigontel, Mr. Dang Thanh Tam expressed gratitude to Mr. Lee Myung Bak, Mr. Truong Tan Sang, and Korean businesses for their contributions to Vietnam and particularly Long An province over the years.

Representatives of Saigontel's Green Infrastructure Alliance introduced the low-carbon industrial park model.

After visiting the Tan Tap and Nam Tan Tap industrial park models, Mr. Lee xpressed his impres and shared with Vietnam, Long An province, and Korean enterprises about the right path that Vietnam was taking, which would make it a exemplary and proud nation worldwide. Korean businesses are keenly interested in Vietnam, with many already investing and planning to expand further. He highly praised Long An province and shared this sentiment with Korean investors, believing that the province's development plans will succeed, and he hopes the province continues to support Korean businesses, bringing mutual benefits.

Former Korean President Lee Myung Bak sent a sincere message to Vietnam, Long An province as well as businesses

Former President of Korea and former President Truong Tan Sang, participated in a conference with the theme of "Promoting friendly cooperation between Long An province and Korean localities and businesses" which is organized by Long An province. The event, attended by businesses from Korea and Vietnam, as well as former leaders of both countries and the provincial Party Secretary, saw sincere and open exchanges about the positive sentiments and strong relations between the two nations, as well as the attractive infrastructure conditions of Long An province.

The conference of promoting friendly cooperation between Long An province and Korean localities and businesses

At the end, Mr. Lee expressed his emotional at the reunion with Vietnamese former President, Mr. Truong Tan Sang and appreciated the meticulous preparations by the leadership of Long An province. He evaluated the development potential of Long An province positively. Former President, Mr. Truong Tan Sang conveyed his gratitude for the warm sentiments of the Korean former president towards Vietnam over the years, contributing to elevating the relationship between the two countries to the level of a strategic partnership as it stands today. He hopes that the Korean former president will continue to show increased interest and affection towards Vietnam, further enhancing cooperation between Korean corporations and businesses in Vietnam overall, and specifically in Long An province, contributing to the enduring friendship between the two countries.

Investment Promotion Department.

Quyết định Hội đồng quản trị về việc miễn nhiệm Phó Tổng Giám Đốc Công Nghệ

Infrastructure plays a crucial role in the economic and social development of a country, and economic growth goes hand in hand with the need for significant investment in infrastructure. In Vietnam, seaports are an essential part of the effort to build and upgrade social infrastructure. Additionally, they serve as a driving force for the development of both maritime and national economies. Furthermore, seaports serve as trade routes for goods, linking various transportation methods from sea routes to railways, roads, and inland waterways.

The Port Authority of New York and New Jersey, (PANYNJ) is a joint venture between the U.S. states of New York and New Jersey, established in 1921 through an interstate compact authorized by the United States Congress. The Port Authority oversees much of the regional transportation infrastructure, including bridges, tunnels, airports, and seaports, within the geographical jurisdiction of the Port of New York and New Jersey. This 1,500-square-mile (3,900 km2) port district is generally encompassed within a 25-mile (40 km) radius of the Statue of Liberty National Monument. The Port Authority is headquartered at 4 World Trade Center. The Port Authority operates the Port Newark–Elizabeth Marine Terminal, which handled the third-largest volume of shipping among all ports in the United States and operates six bi-state crossings: three connecting New Jersey with Manhattan, and three connecting New Jersey with Staten Island. The Port Authority Bus Terminal and the PATH rail system are also run by the Port Authority, as well as LaGuardia Airport, John F. Kennedy International Airport, Newark Liberty International Airport, Teterboro Airport and Stewart International Airport.

Working session between representatives of the Port Authority of New York and New Jersey (PANYNJ) with the Hai Phong delegation and group of American and Vietnamese investors

During the working trip to the United States, as part of the High-Level Week of the Asia-Pacific Economic Cooperation (APEC) Forum 2023, a memorandum of understanding was signed between PANYNJ and the city of Hai Phong, along with the Vietnam-US Investor Consortium consisting of Saigon Telecommunication and Technology Corporation (Saigontel), Kinh Bac City Development Holding Corporation (KBC), and Energy Capital Vietnam Company (ECV). The parties signed the MOU to collaborate on the research of the international airport complex project in Tien Lang, Nam Do Son port, railway system, logistics center, and Hai Phong World Trade Center with the aim of benefiting all parties in areas such as operational optimization, business and marketing development, innovation, sustainability, and transformation.

Memorandum signing ceremony between PANYNJ and Hai Phong city along with the group of Vietnam - US Investor

After the signing ceremony, Mr. Le Tien Chau - Central Committee member, Secretary of the Hai Phong City Party Committee led the working delegation to visit and work with PANYNJ along with the Investor Consortium including Mr. Dang Thanh Tam - Chairman of KBC, Ms. Nguyen Cam Phuong - General Director of Saigontel, and Mr. David Lewis - Chairman of ECV. The delegation was welcomed by Bethann Rooney, port director, and the port leadership. During the visit, the parties exchanged insights and discussed the research, construction, management, and operation of airport projects, railways, logistics centers, and commercial centers. Additionally, they discussed development directions and future visions.

Promoting investment with leading partners in the field of infrastructure development from the United States brings potential and development opportunities which helps Hai Phong City to become one of the leading cities in Asia and the world. This contributes to enhancing the city's infrastructure development, as outlined in the general planning for the city in 2040 with a vision to 2050, which has been approved by the Prime Minister. It also strengthens the cooperative relationship between Vietnam and the United States following the establishment of the Comprehensive Strategic Partnership for peace, cooperation, and sustainable development.

Investment Promotion Department.

The high-level week of the Asia-Pacific Economic Cooperation (APEC) Forum 2023 officially commenced on November 11 in San Francisco City, California, USA, attracting 21 world leaders from Pacific Rim economies and approximately 30,000 attendees. Upon an invitation from President Joe Biden, President of the Socialist Republic of Vietnam Võ Văn Thưởng and the Vietnamese high-level delegation participated in and engaged in bilateral activities in the United States from November 14th to 17th, 2023

According to the Ministry of Foreign Affairs of Vietnam, APEC is currently the leading economic cooperation and linkage mechanism in the Asia-Pacific region, encompassing 38% of the population, 62% of GDP, and nearly 50% of global trade. The theme for APEC 2023 is "Forging a Resilient and Sustainable Future for All," focusing on three priorities: "Connectivity," "Innovation and Digitalization," and "Inclusivity."

One of the significant sideline events at APEC was the roundtable discussion connecting U.S. businesses with Vietnamese localities, organized by the Ministry of Planning and Investment at the JW Marriott San Francisco Union Square hotel on November 15, 2023. This took place in the presence of the President, representatives of Ho Chi Minh City People's Committee, and Saigontel Green Alliance. During this event, a memorandum of understanding for research and the establishment of an Innovation Center by private sector investment in Ho Chi Minh City's High-tech Park was signed. The center is expected to encompass fundamental components such as a Green Growth Operation Center, Carbon Reduction Consultancy and Accreditation Center, Workforce Training focusing on semiconductor chip manufacturing and high technology, Chip Design and High Technology Development Center, and a Biotechnology Center.

The President, Vo Van Thuong, witnessed the People's Committee of Ho Chi Minh City and Saigontel Green Alliance exchanging a memorandum of understanding for the research and establishment of an Innovation Center funded by private sector investment.

At the JW Marriott San Francisco during this APEC event on November 16, 2023, the Ho Chi Minh City Investment Promotion Conference 2023 took place under the chairmanship of Mr. Phan Van Mai, Chairman of Ho Chi Minh City. The invitees included the San Francisco city government, Business Executives for National Security (BENS), American Critical Minerals Association (ACMA), Semiconductor Industry Association (SIA), Center for Strategic and International Studies (CSIS), US-ASEAN Business Council (US-ABC), National Small Business Association (NSBA), Ampere Computing Corporation, Exmar, and other distinguished guests attending the APEC 2023 Conference.

Mr. Phan Van Mai, Chairman of the Ho Chi Minh City People's Committee, witnessed the Saigontel Green Alliance signing agreements with members of the U.S. semiconductor chip, high technology, and innovation association.

At the conference, Mr. Phan Van Mai delivered a speech regarding Ho Chi Minh City's efforts to attract investments in high technology. Together with various dignitaries, he witnessed the Saigontel Green Alliance signing agreements with members of associations involved in semiconductor chip technology, high technology, and innovation, such as Context Labs, Semiconductor Industry Association, Corner Stones Group, E-mobility, and Solis Power. The purpose was to attract U.S. enterprises seeking to expand their operations in Vietnam to the proposed Innovation Center in Ho Chi Minh City's High-tech Park, as suggested by the Saigontel Green Alliance.

During this event, the World Bank and the National Small Business Association (NSBA) expressed their confidence and interest, with a letter of concern, in participating in the alliance to aid in implementing emission reduction roadmaps at various localities. Furthermore, the NSBA pledged support in the implementation of the innovation center in Ho Chi Minh City.

Regarding the Association and major businesses in the United States as partners, they co-organized and participated in the conference on November 16, 2023.

BUSINESS EXECUTIVES FOR NATIONAL SECURITY (BENS): Established in 1982, headquartered in Washington, D.C., BENS is a non-partisan, non-profit organization comprising top-level executives from leading businesses, leveraging expertise in the private sector to enhance the national security of the United States. BENS members represent various industries and enterprises, including technology, aerospace, defense, finance, healthcare, and energy.

US-ASEAN BUSINESS COUNCIL (US-ABC): Established in 1984, headquartered in Washington, D.C., USA, the US-ABC is a non-profit organization representing nearly 175 corporate members, a majority of which are listed among the top 100 US companies by Fortune magazine. The member companies of the Council operate in diverse, dynamic, and highly influential sectors within the American economy.

SEMICONDUCTOR INDUSTRIAL ASSOCIATION (SIA): Established in 1977, headquartered in Washington, D.C., USA, SIA is a trade association representing 99% of the US semiconductor industry by revenue and nearly two-thirds of chip manufacturers outside the United States. SIA's members consist of companies involved in semiconductor design, manufacturing, and sales, as well as those providing equipment and materials to the semiconductor industry, and companies utilizing semiconductors in their products.

CENTER OF STRATEGIC AND INTERNATIONAL STUDIES (CSIS): Established in 1962, headquartered in Washington, D.C., USA, it is a non-profit, non-partisan policy research organization dedicated to promoting practical ideas to address the world's greatest challenges.

NATIONAL SMALL BUSINESS ASSOCIATION (NSBA): Established in 1937, headquartered in Washington, D.C., USA, the NSBA is a non-profit, non-partisan organization representing the interests of long-standing small businesses and is the largest such organization in the United States, with over 65,000 members across all sectors and in over 50 states. NSBA fulfills its mission by providing small businesses with extensive resources and services, including advocacy programs, education, networking, and research.

AMPERE COMPUTING CORPORATION: Established in 2018, headquartered in Santa Clara, CA, Ampere is a semiconductor design company for the new era, pioneering high-performance, energy-efficient computing. Ampere is at the forefront of driving sustainable computing for the Cloud, AI inference, and applications.

Context Labs:Established in 2016, Context Labs utilizes artificial intelligence combined with precision mapping to optimize carbon credits for emission reduction projects.

Investment Promotion Department.

Infrastructure always plays a profoundly crucial role, serving as the backbone of socio-economic development. As the economy grows, the demand for infrastructure development increases. This is the outcome of investments that lay the foundation for comprehensive societal progress. In Vietnam's infrastructure development, seaports hold a pivotal role as the driving force for maritime economic development specifically and the nation's economy in general. They serve as gateways for importing and exporting goods, hubs for transitioning transportation methods from sea to rail, road, and inland waterway transport.

In the United States, the Port of Los Angeles (POLA), also known as the Los Angeles International Port, is a government-owned seaport complex that opened in 1907. Handling an annual cargo volume of 9.3 million TEUs and sprawling across 7,500 acres (3,000 hectares) with a shoreline stretching 43 miles (69 kilometers), the Port of Los Angeles stands as the largest seaport in the United States. Situated on San Pedro Bay, it lies approximately 20 miles (32 kilometers) south of downtown Los Angeles. Adjacent to the Port of Los Angeles is the Port of Long Beach, collectively employing over 16,000 individuals. The Port of Los Angeles features a total of 80 docks and container terminals, including the largest container terminal in the U.S., APM Terminals Pier 400. Serving as a gateway for goods to and from Pacific Rim countries, the Port of Los Angeles facilitates trade with nations bordering the Pacific Ocean. Collaborating with the Port of Los Angeles presents significant opportunities for partners involved in port operations and management.

The signing ceremony held in San Francisco, USA, as part of the activities during the Asia-Pacific Economic Cooperation (APEC) 2023 High-Level Week, with President Võ Văn Thưởng, ministries, departments, and the local government of Los Angeles in attendance, marked a significant moment between the Port of Los Angeles, the city of Hai Phong, and a consortium of American and Vietnamese investors, including Saigontel Telecommunications Company (Saigontel) and Energy Capital Vietnam (ECV). All parties involved committed to cooperation, collaboration, and sharing best practices in developing the Nam Đồ Sơn comprehensive port, focusing on investment opportunities, administrative reforms, and information exchange to ensure the sustainability of the international seaport. Additionally, they aimed to promote mutual priorities related to sustainable financial investment and management, environmental sustainability, and operational efficiency within the Nam Đồ Sơn Port Project. Furthermore, they outlined plans to develop and construct a green transport corridor between POLA and the Nam Đồ Sơn port to support future trade routes.

Succeeding the signing ceremony, a delegation from Hai Phong, led by Comrade Le Tien Chau, Central Committee member of the Party and Secretary of the Hai Phong City Party Committee, embarked on a visit to observe and learn from the experience of the Port of Los Angeles in the United States. During their working session, both parties shared insights regarding port management and operations, as well as exchanged views and directions for the future development of seaports.

The collaboration with leading and reputable partners from the US Government in port infrastructure brings expectations for development, positioning Hai Phong as a highly developed city among the top cities in Asia and the world. This aligns with the city's general plan until 2040 and its vision until 2050, which has been approved by the Prime Minister. It further emphasizes the cooperative relationship between Vietnam and the US after establishing the Comprehensive Strategic Partnership for peace, cooperation, and sustainable development.

Investment Promotion Department

The elevation of Vietnam - U.S. relations to a Comprehensive Strategic Partnership marks a significant and positive turning point, providing substantial opportunities for U.S. businesses to enhance cooperation with Vietnamese enterprises and localities, particularly in areas where the United States has strengths, such as the semiconductor industry. Recently, on the sidelines of the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting held in San Francisco, USA, on the evening of November 15th (Vietnam time), Saigontel supported, facilitated, and organized a working session between the delegation of Thai Nguyen Provincial People's Committee leaders and the Semiconductor Industry Association of the United States (SIA).

During the working session, the Thai Nguyen Province representatives included Comrade Trinh Viet Hung, Member of the Central Party Committee (absent), Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, alongside representatives from departments, committees, sectors, and localities. The Semiconductor Industry Association of the United States (SIA) was represented by Mr. John Neuffer, President, CEO of the Association, and Mr. Mary Thornton, Vice President of Global Policy. The Green Alliance was represented by Ms. Nguyen Cam Phuong, General Director of Saigon Telecommunication Technology Joint Stock Company (Saigontel), and Mr. David Lewis, Chairman cum CEO of Energy Capital Vietnam (ECV).

In a spirit of open exchange and cooperation, Comrade Trinh Viet Hung expressed delight in meeting and exchanging experiences in the semiconductor industry and investment opportunities with SIA. The semiconductor industry is a sector in which Thai Nguyen Province holds significant potential, advantages, and is of particular interest to the province. With an investment-friendly environment, favorable geographical location, and ample industrial land reserves, Thai Nguyen Province aims to attract U.S. investors to the semiconductor industry within the region. The United States possesses strengths in the semiconductor industry, and following the elevation of bilateral relations to a Comprehensive Strategic Partnership, Thai Nguyen looks to SIA as a bridge to connect U.S. investors with investment opportunities in Thai Nguyen. The province is committed to creating the most favorable conditions for semiconductor industry investors to implement investment projects within its jurisdiction.

Thai Nguyen Province acknowledges Saigontel's collaboration in supporting and facilitating investment promotion with experienced partners, which has been instrumental in the province's development. The province hopes that Saigontel will continue this supportive role, standing by the province in attracting U.S. investors in the future. On this occasion, Thai Nguyen Province cordially invites Mr. John Neuffer and Mr. Mary Thornton to arrange a visit and working session with the province at their earliest convenience. This visit aims to further delineate specific objectives for investment promotion between the two parties.

Mr. John Neuffer, representing SIA, expressed immense pleasure in participating in the working session with Thai Nguyen Province and Vietnamese partners. He noted Vietnam's overall commitment to attracting investment, particularly Thai Nguyen Province's focused efforts to draw U.S. investors, especially those within the semiconductor industry. Following the elevation of both countries' relations to a Comprehensive Strategic Partnership, SIA and associated enterprises view this as an excellent opportunity to expand their business operations. The Association is particularly interested in Vietnam's investment environment, with Thai Nguyen Province being a key area of focus.

SIA also shared its experiences in the semiconductor industry and emphasized the need for the province to prepare infrastructure conditions, focus on workforce development, and establish a clear plan to attract U.S. investors. The President and CEO of SIA expressed gratitude to the province and Saigontel, ECV partners for their insights shared during the working session and accepted the invitation from Thai Nguyen Province's leadership. SIA commits to acting as a bridge for semiconductor manufacturing enterprises to explore and decide on implementing projects in Vietnam in general and Thai Nguyen Province in particular. This commitment aims to leverage the potential and advantages, delivering value, efficiency, and benefits to all parties involved.

Investment Promotion Department.