US company Marvell Technology, Inc., which offers infrastructure semiconductor solutions, has announced the opening of a new design centre in Da Nang City.

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.

Apple is for the first time allocating product development resources for the iPad to Viet Nam, said Nikkei Asia in a recent article.

Nvidia wishes to establish a base in Vietnam as it views the Southeast Asian nation as its home, President and CEO of the US chip giant Jensen Huang told Prime Minister Pham Minh Chinh at their meeting in Hanoi on December 10.

The central city of Da Nang has called for cooperation and investment programmes from Intel, Marvell Technology Group and Synopsys in building the city into a global semiconductor manufacturing centre.

The Vietnam - US Trade Forum 2023 will take place on November 21 in Ho Chi Minh City as part of efforts to step up economic and trade co-operation between the two countries.

Out of nearly US$12 billion pledged by U.S. companies in Vietnam, only US$149 million has been committed to agricultural projects, representing a mere 1.35% of the total.

Nearly 30 years after the establishment of diplomatic relations, bilateral trade increased 300 folds to 124 billion USD, making the US the biggest importer of Vietnam.

A number of US technology firms have announced ambitious investment plans for investment in Vietnam.

 President Truong Tan Sang on November 17 held a roundtable talk with representatives of the US groups in the Philippines as part of his trip to the country to attend the 23rd APEC Economic Leaders’ Meeting.

 VietNamNet Bridge - US investors are interested in at least four areas in Vietnam, said Mr. Pham Viet Muon, former Vice Chair of the Government Office, an organizer of Vietnam’s investment promotion conference in the US on July 1-5.

Mr. Vu Bang, Chairman of the SSC, spoke with VET following the successful investment promotion trip to the US from July 1 to 5.

 VietNamNet Bridge - Foreign investors see Vietnam as a safe country and an attractive destination of international capital flows, especially in the field of manufacturing and real estate.

 Trade between Vietnam and the US has grown exponentially under a bilateral trade pact that went into force in late 2001 and totalled nearly US$11,035 billion as the end of February this year.