Such information was given at the meeting between Vietnam’s Ministry of Science and Technology and the a delegation of US enterprises, including 3M, Apple, Agoda, JUUL Google, Microsoft, Netfilx, Qualcomm, led by Michal Michalak, former US Ambassador to Vietnam and current regional managing director for the US – ASEAN Business Council on March 13.

At the meeting, Michalak said US enterprises are interested in Vietnam’s policies and initiatives towards developing a digital economy and the innovative startups.

Michalak said he is committed to serving as a bridge between the MST and US government for further cooperation of enterprises in two countries.

Bui The Duy, deputy minister of Science and Technology, said the MST is responsible for developing startups, as well as a science and technology market and all components within its ecosystem in Vietnam

According to Duy, the Vietnamese startup community would benefit from supports of the US enterprises in revising new business models and technologies.

Duy expected more improvements in cooperation between US and Vietnam’s enterprises and encouraged more investments from the US to Vietnam, especially to Hoa Lac Industrial Park, in renewable and green energy, biotech, healthcare, and hi-tech agriculture, among others.

Additionally, Duy proposed US tech firms such as Amazon, Apple, IMB, Google to support Vietnam towards the development of e-commerce and technologies of the Industry 4.0, including Internet of Things, Artificial Intelligence, Big Data and 5G network.