In October 2007, the two cities entered into a cooperation agreement that bolstered strong relations at the local level and formalized interactions through sister-city relationships including exchange programs in a variety of fields such as industry, agriculture, medicine, sports, culture and youth education.

In addition, the city of Osaka has set up an overseas office in HCM City that is involved in gathering and providing a variety of information on trade and investment required by Osaka-based corporations.

The office is also engaged in implementing market surveys, offering liaison services for business transactions, and carrying out promotion activities to attract overseas corporations and tourists to the Osaka region. 

The 2-day event features a wide array of art exhibitions, music and dance performances along with cultural exhibitions and food and beverage events that are free and open to the public.