Nebraska, which is situated in the center of the American Midwest, has a strong and stable economy with a nominal GDP growth rate of roughly 7.3% and an unemployment rate that is continuously kept at a national record low. The state is a leader in the production of corn, soybeans, and beef processing, and its basic strengths include a great balance between modern industrial and high-tech agriculture. In the new era, driven by the Nebraska Department of Economic Development (DED), the state is rapidly transforming into a global knowledge hub by pioneering the development of Agricultural Technology (AgTech), renewable energy (biomass, wind power), advanced healthcare, and hyperscale data center systems for major conglomerates like Meta and Google, leveraged by the advantage of optimized industrial energy costs.
Former Prime Minister Pham Minh Chinh receives the Governor of Nebraska, Mr. Jim Pillen - Photo: Government Electronic Newspaper
Through trade lanes, high-level delegation exchanges, multi-sectoral investment promotions, and intellectual education, the two localities' collaborative accomplishments throughout the years have shown to be very useful. Trade flows and economic connections between the State of Nebraska and Ho Chi Minh City have consistently reached significant milestones since the signing of the Memorandum of Understanding on establishing cooperative and sister-state relations. Mega-conglomerates with headquarters in Nebraska, like Berkshire Hathaway, Union Pacific, and Kiewit Corporation, have investment flows and management capabilities that are consistently regarded as high-quality resources. These resources are crucial for bolstering logistics supply chains, connecting transcontinental trade infrastructure, and improving technical capabilities.
In order to draw in direct investment and establish strategic partnerships with partners from the State of Nebraska in five crucial areas, Ho Chi Minh City is growing its networks of partnerships, especially in light of its recently expanded sustainable development space:
1. High-Tech Industry and Agricultural Technology (AgTech): Promoting joint research, the transfer of core technologies, and digital solutions for agricultural supply chains, high-tech cultivation, and smart food governance systems.
2. Logistics and Transcontinental Trade Infrastructure: Optimizing maritime transport infrastructure, transferring operational solutions for modern railways, and multimodal logistics drawing from Union Pacific's global model to enhance supply chain capacities.
3. Finance, Insurance, and Investment: Collaborating on the implementation of the Ho Chi Minh City International Financial Center Project and attracting major investment funds, financial institutions, and leading insurance conglomerates from the Omaha hub to participate in the market.
4. Digital Infrastructure and Next-Generation Data Centers: Attracting enterprises to collaborate on constructing digital infrastructure, optimizing cloud storage solutions, and developing large-scale green data centers that meet international Net-Zero standards.
5. Renewable Energy and Circular Economy: Partnering in the transfer of smart grid management solutions, the development of biofuels and wind power, and the implementation of sustainable green engineering projects adapted to climate change.