Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan (third, from left) receives US Senator from Indiana state Todd Young (fourth, from left) on March 29. (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City and the US state ofIndiana have the potential forcooperation in many fields, particularly industrial production, agriculture,education, and healthcare, said Vice Chairman of the Ho Chi Minh City People'sCommittee Vo Van Hoan at a meeting with US Senator from Indiana state ToddYoung on March 29.

Speaking at the meeting, Hoan said that the two sides need toincrease exchanges and connections to seize opportunities for furtherdevelopment.

Hoan said that Vietnam and the US are important economic and tradepartners of each other. Since the two countries upgraded their relations toa comprehensive strategic partnership, many US business delegations and congressmen have come to Vietnam, particularly Ho Chi Minh City, which shows theUS business community’s interest in the southern metropolis.

Hoan said that HCM City is a major economic hub,contributing 27% of the country’s budget. The city is thriving strongly towardsgreen growth and digital transformation, developing new industries and applyinghigh technologies.

🎉 It has many favourable conditions for developing high-techindustry, for example, its high-tech parks are planned to expand by 600 ha toattract investors into semiconductors and electronic chips. With more than 60universities and 10 international schools, the city’s human resources can meetthe requirements when it develops new and high-tech industries.

In addition to the Government's support policies, the city has its special mechanism with attractiveincentives on land, corporate income tax, and personal income tax to attractstrategic investors. Investors in the high-tech industrial sector are alsofacilitated with simple investment procedures, Hoan said.

For his part, Senator Young spoke highly of HCM city's achievements and sustainable development orientations.

He said Indiana state is prioritising the development ofhigh-quality industrial production, agriculture, food, and education sectors.In the context that the relationship between Vietnam - US relations has been elevated to a new height,there is a lot of cooperation potential for the two countries' localities.

♐ Indiana is a friendly, open state and is ready to connect withother countries through investment and trade activities, he said, adding that it is strong in education and health, research and development,and technology transfer./.