Prime Minister Pham Minh Chinh urges global investors to explore Vietnam’s AI, automotive, and semiconductor sectors, emphasizing the government’s commitment to providing support.

Speaking at a meeting with executives from Google, Mitsubishi Heavy Industries, Qualcomm, and Siemens in Davos, Switzerland, on Tuesday during the World Economic Forum, Chinh highlighted the importance of these industries.

Organized by the Ministry of Planning and Investment, the Vietnamese embassy in Switzerland, and tech giant FPT Group, the meeting focused on discussions related to these three sectors.

Chinh emphasized that Vietnam’s 2021-30 socio-economic development strategy has identified resources essential for the rapid and sustainable development of science, technology, innovation, creativity, and digital transformation.

The AI, semiconductor, and automotive industries play a crucial role in achieving these goals. Vietnam has unveiled an AI development strategy, including the establishment of national data centers.

Recognizing the semiconductor industry as a new driving force for development, Vietnam plans to invest comprehensively in design, manufacturing, and packaging in this sector.

Regarding automotive technologies, the focus is on developing electric cars, utilizing clean materials, reducing carbon emissions, and promoting green transportation.

Organizations like the American Semiconductor Industry Association, the Asian Semiconductor Association, and various corporations acknowledge Vietnam’s potential in this field.

Chinh highlighted Vietnam’s ability to maintain economic stability, control inflation, and foster growth despite the challenges in 2023. He mentioned that the country attracted nearly US$37 billion in foreign direct investment (FDI).

While relying on internal resources, Vietnam also welcomes support and collaboration from international partners, Chinh added.