Accordingly, the two sides will promote liaisons that involve market information and partnership opportunities. They will inform and support each other’s goods promotion at trade fairs and exhibitions, as well as organise exchanges and workshops for companies of both sides and carry out joint market studies.

At the signing ceremony, HCA Chairman Lam Nguyen Hai Long stated that Vietnam’s software industry is ready to turn itself into the next silicon valley of Asia, with Ho Chi Minh City emerging as a startup hub.

He noted the HCA, with 30 years of development, plays an important role in promoting cooperation between local authorities and businesses. It also serves as an advisor for the city on policies for IT planning and development, he added.

TAITRA Chairman James Huang said Taiwan (China) has years of experience in building smart cities, with significant capacity in relevant research and development (R&D), original equipment manufacturing (OEM), and original design manufacturing (ODM).

He suggested that the two sides also cooperate in the fields of agriculture, education, retail, and transport.