Vietnam Prime Minister calls for global investment at WEF

HCMC – Prime Minister Pham Minh Chinh, speaking at the World Economic Forum (WEF) in Davos, has called for companies from developed economies to continue investing in Vietnam. During his dialog with global corporations at the WEF on January 16, PM Chinh highlighted collaborative initiatives in the fields of artificial intelligence (AI) and semiconductor technology, as well as the ecosystems surrounding them. The dialog, arranged by Vietnam’s Ministry of Planning and Investment in collaboration with the Vietnamese Embassy in Switzerland and FPT Corporation, were attended by major corporations, including Google, Mitsubishi Heavy Industries, Qualcomm and Siemens. Vietnam has taken concrete steps, including the establishment of national data centers and comprehensive investments across the semiconductor value chain, including design, manufacturing, and packaging, to solidify its position in these sectors. Despite economic challenges in 2023, Vietnam demonstrated resilience by maintaining stability, controlling inflation, and attracting nearly US$37 billion in new foreign direct investment (FDI), with US$23 billion disbursed by the end of the year.