Government leader calls for expanded SK Group investment in Vietnam’s key sectors
VOV.VN - Prime Minister Pham Minh Chinh welcomed SK Group’s investment plans in Vietnam, urging the company to expand cooperation in AI, energy, logistics, and other key sectors during a meeting with its Chairman Chey Tae-won in Hanoi on February 14.
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At the meeting, the Vietnamese cabinet leader praised the group's global success and its role as a major investor in Vietnam.
SK Group, a diversified conglomerate with a market capitalization of nearly US$200 billion, is the second-largest in the Republic of Korea (RoK) and ranks among the world’s top 100 corporations. It has invested approximately US$3.5 billion in Vietnam across various sectors, including a US$500 million high-tech biodegradable materials project.
Chinh highlighted the robust growth of the Vietnam–RoK comprehensive strategic partnership, emphasizing the deepening economic and business ties between the two nations. He noted that Vietnam is leveraging the RoK’s experience to drive economic growth, aiming for at least 8% GDP growth in 2025 and double-digit expansion in the long run, with the ultimate goal of becoming a high-income developed country.
As Vietnam prioritizes three strategic breakthroughs, which focus on institutional reforms, infrastructure, and human resources, the PM welcomed SK Group’s proposals and encouraged further investment in critical areas such as AI research and development, data centers, transportation, logistics, energy infrastructure, green agriculture, and workforce training.
He also called on the group to provide financial backing, technology transfer, and human resource development to integrate Vietnamese firms into its global value chains, particularly in semiconductor packaging and testing.
Furthermore, he urged SK Group to step up cooperation with the National Innovation Center (NIC) to enhance its effectiveness and support the development of a global science-technology and innovation ecosystem for Vietnam’s digital transformation.
Chey, who also serves as Chairman of the Korea Chamber of Commerce and Industry (KCCI), reaffirmed SK Group’s commitment to long-term, sustainable growth in Vietnam.
He outlined future investment priorities, particularly in energy, agriculture, logistics, warehousing, and AI, and proposed the construction of large-scale liquefied natural gas (LNG) power plants. These projects, he noted, would pave the way for new energy hubs linked to AI, logistics, hydrogen energy, eco-friendly agriculture, and innovation.
He also expressed SK Group’s intention to expand collaboration with the NIC through training programs, hydrogen energy and AI research, and forums to connect Korea’s economic and academic communities with Vietnam.