Double-digit growth target discussed with Swiss, European investors
VOV.VN - Vietnam’s double-digit economic growth target from 2026 onward was raised during a working session on February 3 in Hanoi between Pham Minh Chinh and a delegation of Swiss and European businesses, who are visiting Vietnam to explore long-term investment and cooperation opportunities.
The working session was joined by executives from Swiss and European companies, led by Philipp Rösler, Chairman of the Swiss-Vietnam Economic Forum (SVEF).
Receiving the delegation, PM Chinh glowingly spoke of the role played by SVEF and Dr. Rösler in connecting European businesses with Vietnam and in promoting the country’s investment environment to international partners.
Updating the delegation on the successful outcome of the 14th National Congress of the Communist Party of Vietnam, he outlined Vietnam’s long-term development orientation, including two centennial goals in 2030 and 2045, marking 100 years of the Party and the State. Within this framework, he noted that Vietnam is pursuing double-digit economic growth from 2026 and the following years.
Dr. Philipp Rösler congratulated Vietnam on sustaining strong growth in recent years despite global challenges, and expressed appreciation for the country’s development strategy, including plans to establish an international financial centre and maintain high growth momentum.
He said Swiss and European businesses stand ready to cooperate with Vietnam and support the implementation of its development goals.
Representatives of Swiss and European enterprises described Vietnam as an attractive long-term investment destination, particularly in finance, textiles, climate change response, carbon and methane emissions reduction, pharmaceuticals, biotechnology, semiconductors and the semiconductor ecosystem, data infrastructure, and artificial intelligence (AI). They called for continued policy stability, administrative simplification and the development of supporting ecosystems and services to facilitate sustained investment.
In an open and direct exchange, PM Chinh responded to questions and proposals from the business community, while sharing Vietnam’s strategic priorities and incentive mechanisms for green growth and digital development.
He said Vietnam is pursuing three strategic breakthroughs to support high growth: more open and transparent institutions, seamless infrastructure, and smart governance and human resources. At the same time, the country is renewing traditional growth drivers while promoting new ones based on science, technology, innovation and digital transformation.
The Government leader placed emphasis on Vietnam’s push into clean energy, including wind, solar and nuclear power; sustainable agriculture, notably the development of one million hectares of high-quality, low-emission rice in the Mekong Delta; the establishment of a carbon market; and green transport, with expanded use of electric vehicles and reduced reliance on fossil fuels.
Vietnam, he said, has introduced preferential and targeted policies to develop the semiconductor industry and is currently implementing two chip-related projects, alongside workforce development efforts aimed at training 100,000 semiconductor engineers by 2030. The country is also accelerating the development of national and sectoral databases to support AI applications.
PM Chinh also shared Vietnam’s priorities in pharmaceuticals, biotechnology, ecological agriculture, modern rural development and the advancement of farmers, and encouraged closer cooperation in investment, technology transfer, research and development, workforce training, and support for Vietnamese firms’ participation in global value and supply chains.
Noting the positive momentum in Vietnam-Europe relations, particularly following their upgrade to a Comprehensive Strategic Partnership, as well as the strong ties between Vietnam and Switzerland, PM Chinh reaffirmed Vietnam’s commitment to improving the business environment, ensuring political and institutional stability, safeguarding social order, and reducing administrative procedures to protect the legitimate rights and interests of investors.
He welcomed Swiss and European investment in high-technology and high value-added projects linked to technology transfer, and encouraged cooperation in green and digital transitions, renewable energy, the marine economy, green finance and tourism.
The Government chief also sought continued support from Swiss and European partners for Vietnam’s efforts to develop an international financial centre, urged advocacy for the remaining EU member states to ratify the EU-Vietnam Investment Protection Agreement (EVIPA), and called for engagement with the European Commission to lift the IUU “yellow card” on Vietnamese seafood. He stressed the importance of long-term investment, innovation cooperation and adherence to international ESG, green finance and sustainable finance standards.
The Prime Minister reaffirmed the principles of a facilitating government, pioneering enterprises and close public-private partnership, and said Vietnam seeks cooperation with Swiss and European businesses based on mutual understanding, coordinated action and sustainable growth with benefits for both sides.