During a discussion with the startup and innovation business community of the World Economic Forum (WEF), Prime Minister Pham Minh Chinh mentioned that leading technology corporations like Google, Apple, and Nvidia are interested in investing in Vietnam’s electronics and chip industry. He emphasized that innovation has been a driving force behind Vietnam’s recent economic growth, with companies like Intel, Samsung, and Synopsys already investing in semiconductor chip production in the country.
Prime Minister Pham Minh Chinh highlighted the importance of innovation in promoting economic growth globally, including in Vietnam. He discussed the potential for growth in the semiconductor market in Vietnam, which is projected to reach $1.65 billion by 2025. To attract more investments in innovation and entrepreneurship, Vietnam has implemented policies to support industries like big data, cloud computing, artificial intelligence, chips, semiconductors, and hydrogen, among others.
In addition to developing infrastructure and fostering high-quality human resources, Vietnam aims to use public investment to lead innovation and entrepreneurship efforts. The Prime Minister also stressed the role of foreign startups in driving innovation and promoting international cooperation, particularly in transitioning to a knowledge economy. While welcoming foreign businesses to invest in various sectors, he assured that Vietnam has regulations in place to address concerns related to security and data use.
Prime Minister Pham Minh Chinh attended the 15th annual conference of pioneers of the World Economic Forum (WEF) and visited China to discuss growth opportunities and industry development in the context of artificial intelligence. This year’s event, themed “New Growth Horizons,” focused on exploring new drivers for economic growth across sectors.