In his meeting with Dave West, President for Cisco Asia Pacific, Japan, and Greater China, Chinh praised the firm’s effective global and local investments and welcomed its efforts to deepen cooperation with Vietnam, particularly in innovation, advanced technology, and digital transformation.

He emphasised that science, technology, innovation, and digital transformation are key drivers for Vietnam to restructure its economy and transition to a new growth model, with the goal of becoming a high-income developed country by 2045.

The Prime Minister called on Cisco to expand its investment and serve as a bridge to attract other US businesses to Vietnam.

He also proposed that Cisco cooperate in human resource development in priority fields such as high technology and artificial intelligence (AI), and work with ministries and Vietnamese tech firms like Viettel and CMC on specific projects.

He encouraged Cisco to establish a research and training center in Vietnam focused on semiconductors, AI, cybersecurity, and digital governance, aiming to train 100,000 engineers in these fields within the next five years, while supporting Vietnam’s “digital literacy for all” campaign.

During talks with Tan Yinglan, Founding Managing Partner of Insignia Ventures Partners, the Prime Minister thanked the firm for supporting Vietnam’s dynamic and rapidly growing startup and innovation ecosystem.

He noted Vietnam's abundant tech talent, adaptability, and its robust, evolving innovation landscape. He revealed that Vietnam has just approved a list of strategic technologies and products in 11 priority areas, including AI, cloud computing, quantum tech, big data, blockchain, and space exploration.

The leader encouraged Insignia to invest in these sectors to benefit from Vietnam’s incentives, engage in the development of an international financial centre, and collaborate with local startups. He also invited the fund to establish an investment fund for Vietnam and share global expertise to help the government design breakthrough policies supporting entrepreneurship and innovation.

While meeting Brand Cheng, chairman and CEO of Foxconn Industrial Internet (FII), the Prime Minister welcomed the firm’s effective operations in Vietnam and encouraged Foxconn to expand its R&D and manufacturing presence.

He called on Foxconn to transfer technology and invest in building a semiconductor manufacturing plant in Vietnam. The leader affirmed the government’s commitment to creating a favourable investment environment and expressed hope that Foxconn would share its expertise to help build a robust tech and innovation ecosystem and accelerate the country’s digital transformation.

Vietnamese Prime Minister Pham Minh Chinh is in China for the 16th Annual Meeting of the World Economic Forum’s New Champions in Tianjin.

Vietnam committed to building sel-reliant economy, embracing global integration

VOV.VN - Prime Minister Pham Minh Chinh reaffirmed Vietnam’s determination to build an independent and self-reliant economy rooted in the strength of its people, while actively, flexibly, and harmoniously integrating into the global economy.