Prime Minister Pham Minh Chinh hosted a reception in Hanoi for a delegation from the US Semiconductor Business Affiliation (SIA), led by Chairman John Neuffer. The delegation was composed of executives from main tech corporations marking an necessary event for strengthening the ties between the US and Vietnam to drive the high-tech sector.
In the course of the assembly, Prime Minister Chinh praised the proactive position of Neuffer and the SIA in connecting member corporations and LAM Analysis with promising enterprise alternatives in Vietnam. The Prime Minister emphasised that innovation, particularly within the semiconductor business, has grow to be an important pillar of the Vietnam-US Complete Strategic Partnership.
This rising focus is aligned with Vietnam’s socio-economic growth technique, which locations a powerful emphasis on science, know-how, innovation, and digital transformation as key drivers of progress.
PM Chinh outlined that Vietnam’s macroeconomic stability, peaceable atmosphere, and dedication to sustaining sovereignty and nationwide safety create a stable basis for enterprise progress and international funding.
The nation continues to make strategic breakthroughs in key areas akin to institutional and administrative reform, infrastructure growth, and human assets. These initiatives are aimed toward enhancing the enterprise local weather, lowering prices and time burdens, enhancing competitiveness, and creating new growth alternatives for buyers.
The Prime Minister additionally reassured the delegation of Vietnam’s dedication to offering beneficial circumstances for buyers in science, know-how, and innovation, notably within the semiconductor sector. He highlighted the nation’s strategy to “harmonising pursuits and sharing dangers” between the state, companies, and residents, making a sustainable and mutually helpful atmosphere for all events concerned.
“Collectively, we hear and perceive, share visions and actions, work collectively, win collectively, get pleasure from collectively, develop collectively, and share within the pleasure, happiness and satisfaction,” PM Chinh said, underscoring the spirit of cooperation that Vietnam seeks to foster with its worldwide companions.
PM Chinh urged the SIA to encourage extra US corporations to put money into Vietnam, notably in semiconductors, AI, and cloud computing. He highlighted the necessity to assist Vietnamese corporations be a part of the worldwide provide chain, put money into infrastructure, and set up R&D and coaching centres for semiconductors. These efforts intention to spice up Vietnam’s competitiveness and drive innovation within the international high-tech market.
Moreover, the Prime Minister referred to as on the SIA to encourage the US authorities to deepen its relations with Vietnam in a extra intensive, intensive, and sensible method. He urged that the US formally recognise Vietnam as a market financial system and raise restrictions on the export of high-tech merchandise to the nation. This would offer a big enhance to Vietnam’s technological capabilities and assist place it as a key participant within the international know-how panorama.
Chairman Neuffer, in his remarks, praised Vietnam as a chief vacation spot for funding, notably within the semiconductor business. He highlighted the nation’s outstanding progress in diversifying and strengthening its provide chain and identified a number of benefits that make Vietnam a sexy location for high-tech funding, together with an ample and expert workforce, trendy infrastructure, and an rising presence of internationally recognised know-how corporations akin to Viettel.
Neuffer additionally famous the rising curiosity amongst SIA members and different US enterprises within the US-Vietnam relationship. He expressed robust help for Vietnam’s efforts to develop its semiconductor business and construct a strong and aggressive provide chain. The SIA delegation reaffirmed its dedication to the Vietnamese market, sharing updates on its present operations and plans for increasing investments shortly.
The assembly underscored the shared dedication to advancing US-Vietnam relations, notably within the high-tech sectors, and highlighted the promising future for collaboration in semiconductor manufacturing, AI, and cloud computing. As each nations work collectively to create a dynamic and modern enterprise atmosphere, the potential for mutual progress and success continues to develop.
