(VOVworld) – The first Senior Officials Meeting (SOM1) and related meetings of the Asia-Pacific Economic Cooperation (APEC) Forum entered its 11^th day in Nha Trang city on Tuesday with meetings of the Ad Hoc Steering Group on the Internet Economy, the Economic Committee, and the Committee on Trade and Investment.

On Monday, authorities of Khanh Hoa province introduced the province’s potential and strengths to representatives from APEC economies on the sidelines of SOM-1. 

Le Duc Vinh, Chairman of the provincial People’s Committee, told Matthew J. Matthews, head of the US delegation, and Valery E. Sorokin, a senior official from Russia, that the province welcomes American and Russian businesses seeking investment opportunities, particularly in the Van Phong Bay economic zone. 

He said Khanh Hoa is calling for investment in petrochemistry, shipbuilding, equipment manufacturing, and seafood processing.

The US and Russian representatives said their economies will take steps to strengthen cooperation with Khanh Hoa and will encourage their businesses to invest in local projects.