US firms sign memoranda of understanding on Da Nang investment
US firms have inked three memoranda of understanding (MoU) on investment in hi-tech and information technology in the central city of Da Nang during a recent working trip to the US and Canada by Chairman of the municipal People’s Committee Huynh Duc Tho.
At the Da Nang Business Roundtable (Photo: nhandan)
Hanoi (VNA) – US firms have inked threememoranda of understanding (MoU) on investment in hi-tech and informationtechnology in the central city of Da Nang during a recent working trip to theUS and Canada by Chairman of the municipal People’s Committee Huynh Duc Tho.
The signing ceremony took place at the Da Nang Business Roundtable recentlyheld in the US’s Silicon Valley, according to the municipal Investment PromotionAgency on August 21.
The first MoU between the Authority of Da Nang's Hi-Tech Park and industrial parks andAi20X Silicon Valley will focus on developing Da Nang Hi-Tech Park.
The MoU between the US’s Meritronics AMT Company and Da Nang Hi-Tech ParkDevelopment JSC looks to establish Trung NamMeritronics Technology JSC, which will provide electronic manufacturingservices at the Da Nang Hi-Tech Park.
The third MoU, signed by Ai20X Silicon Valley and Da Nang IT Park DevelopmentJSC, aims to develop the Danang IT Park into an expanded Silicon Valley.
At the event, Chairman Tho said the US is now the third largestinvestor in Da Nang with 63 projects worth 595 million USD, accounting fornearly 19 percent of the total.
He invited US investors with financial and technological capacity to Da Nang tolearn about its business environment and opportunities, especially ininformation technology, electronics, aeronautics, automation, artificialintelligence, support industry, health care, education and real estate.
This year, Da Nang will continue providing optimal support for businesses viavocational training, protection of intellectual property rights and incentivesat Da Nang Hi-Tech and IT Parks.-VNA
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At the Da Nang Business Roundtable (Photo: nhandan) 
