The Government leader welcomed Colin’s visit to Vietnam on the occasion of the 30th anniversary of Vietnam–US diplomatic relations and in the context of the ongoing implementation of the Comprehensive Strategic Partnership framework.

PM Chinh affirmed the Vietnamese Government’s commitment to creating all favorable conditions, including institutional reform, for foreign investors, including those from the US, to invest and operate efficiently in Vietnam. He emphasized the importance of compliance with local laws and of resolving challenges based on the principle of harmonizing interests and sharing risks, working together, winning together, and developing together.

Regarding tariff negotiations with the US, Chinh reiterated Vietnam’s consistent policy of building an independent, self-reliant economy associated with proactive, substantive, and effective international integration. He stressed the country’s encouragement of technology transfer and local production in Vietnam using Vietnamese labor, materials, and components.

The Government chief called on HP to expand its investments in Vietnam and to encourage other companies and partners to do the same, particularly in areas where Vietnam holds great potential and priority, such as high technology, sustainable development, and artificial intelligence. He also asked HP to voice support for a mutually beneficial tariff policy between the US and Vietnam.

In response, Antoine Colin said HP Inc. (founded in 1939) is a global technology leader in personal computers, printers, and 3D printing, with US$55 billion in revenue and more than 50,000 employees in 180 countries. HP Vietnam was established in 1996. To mark its 30th anniversary in Vietnam, HP and its partners are launching a “Green Earth Campaign” to restore 50 hectares of forest in northern Hoa Binh province in 2025.

Agreeing with the Prime Minister’s views,  Colin expressed confidence that Vietnam and the US would find a positive solution on tariff matters and affirmed HP’s support for Vietnam during the negotiation process.

He described Vietnam as a key market where HP believes it can achieve success, and congratulated the country on its impressive economic growth. He noted Vietnam’s strong reforms in improving the investment and business climate, as well as its opportunities to enhance national competitiveness.

HP’s factory project in Vietnam, he added, was completed and put into operation within just six months. The company is currently working with over 40 suppliers in Vietnam and aims to increase production capacity in the country to between US$2–3 billion.

Colin reaffirmed HP’s strategy and goal of building a supply chain and ecosystem in Vietnam and the region to adapt to new global conditions.

He said the company plans to accelerate investment in Vietnam and further promote technology transfer and innovation. He also shared plans to build a comprehensive ecosystem in Vietnam, covering infrastructure, technology, local workforce, and components to support a flexible supply chain, increase production volumes of personal computers and printers, and expand into new products and technologies, including AI applications.

Responding to HP’s concerns on tax policy, PM Chinh said the National Assembly and Government are continuing to issue laws and resolutions to tackle investor challenges based on practical conditions and in line with international norms.

He noted that the National Assembly has passed an amended Law on Corporate Income Tax, which will take effect on October 1, 2025.

The Government is currently drafting guiding documents, expected to include provisions on corporate income tax for foreign contractors, aimed at avoiding double taxation on the same income earned in Vietnam and ensuring alignment with international practices and business realities.

The Prime Minister encouraged HP to continue working with the Ministry of Finance and relevant ministries during the drafting process, and said Vietnam would seek to apply general regulations flexibly and, where appropriate, adopt special mechanisms to promote large-scale, high-tech projects involving advanced technology transfer.

Logistics – key to boosting Vietnam’s export competitiveness in US market

VOV.VN - Logistics is a critical factor in strengthening the global competitiveness of Vietnamese businesses, particularly in the US market, emphasised experts at a seminar in Hanoi on June 19.