Prime Minister Pham Minh Chinh highlighted Vietnam’s immense potential and advantages in developing high technology, science, and innovative breakthroughs during a session with global businesses in Davos, Switzerland. The discussion, part of the Prime Minister’s official trip to the 54th Annual Meeting of the World Economic Forum, focused on cooperation in AI, automotive technology, semiconductor chips, and ecosystems.
In his address, PM Chinh emphasized Vietnam’s commitment to becoming a reliable partner and a vital link in the global semiconductor, automotive technology, and AI value chains. He noted that major electronics and semiconductor corporations, including Intel, Samsung, Amkor, Qualcomm, Infineon, Marvell, and Hana Micron, have plans to expand their presence in Vietnam.
With over 190 diplomatic relations and strategic partnerships with key global players, Vietnam is deeply integrated into the global economy. The nation has signed 16 Free Trade Agreements (FTA), including high-quality agreements like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA).
PM Chinh stressed that these agreements provide a favourable platform for Vietnam to access new manufacturing technology, participate effectively in the global value chain, and achieve rapid and sustainable development.
Regarding AI development, automotive industry progress, and semiconductor advancements, the Prime Minister shared that after two years of implementing the National Strategy on Research, Development, and Application of AI, Vietnam has risen to the 55th position out of 181 countries in the global AI readiness index. Vietnam has successfully created an environment conducive to developing global AI companies across various sectors, such as healthcare, communications, education, cybersecurity, finance, smart factories, smart cities, and semiconductor technology.
In the automotive sector, PM Chinh highlighted the national strategy for green growth, outlining a roadmap for transitioning to electric vehicles and promoting green and clean energy in transportation. Vietnam is committed to developing the industry in the semiconductor sector and will soon release a project to train 50,000 engineers in this field. The Prime Minister urged corporations to invest in research and development and play a leading role in digital transformation. Vietnam aims to invest in all three stages of the semiconductor value chain, prioritizing design, testing, and large-scale production.
PM Chinh proposed the establishment of training and research facilities in Vietnam, emphasizing the need for collaboration, technology transfer, and support for high-quality human resource training in the semiconductor field. He encouraged partnerships with Vietnamese enterprises for chip product design and manufacturing, exploring the possibility of establishing chip manufacturing plants in Vietnam.