Prime Minister shares about US policy and Vietnam's response and solutions

On the morning of March 4, Prime Minister Pham Minh Chinh chaired a discussion with large Korean corporations and enterprises.

Korean enterprises trust the Vietnamese Government

Mr. Ko Tae Yeon, Chairman of the Korean Chamber of Commerce in Vietnam (KoCham), assessed that in 2024, Vietnam attracted impressive FDI in the context of a difficult global economy, including attracting 7 billion USD of investment from Korea, an increase of 37.5% compared to 2024.

There are currently about 10,000 Korean enterprises operating in Vietnam, creating more than 900,000 jobs.

Mr. Ko Tae Yeon, Chairman of the Korean Chamber of Commerce in Vietnam (KoCham), spoke at the seminar (Photo: Doan Bac).

"This result affirms Vietnam's important position and role in the global supply chain, reflecting the strong development of the Vietnam - Korea cooperative relationship," Mr. Ko Tae Yeon emphasized.

According to him, in the future, for Vietnam to become a leading country in the high-tech field, attracting FDI investment in the fields of semiconductors, artificial intelligence (AI), green energy, etc. is very important.

In the context of many difficulties, up to 82% of Korean enterprises believe that the Vietnamese Government responds effectively to external fluctuations. Korean enterprises put their trust in Vietnam's diplomatic capacity and FDI support policies.

KoCham Chairman hopes that Korean enterprises can participate in key projects such as the North-South high-speed railway, nuclear power... from design, manufacturing to human resource training.

Mr. Na Ki Hong, General Director of Samsung Vietnam, shared that Samsung and many foreign investment enterprises are interested in developing the semiconductor and artificial intelligence industries.

According to him, priority should be given to building a substantive incentive mechanism to help high-tech enterprises feel secure in making investment decisions.

In response to businesses' concerns about Vietnam-US economic relations, US policies and Vietnam's responses and solutions, Prime Minister Pham Minh Chinh shared some important contents.

He emphasized that the two economies of Vietnam and the US are complementary, not fiercely competitive but healthy. The two countries are comprehensive strategic partners, with many connections and characteristics that are different from other partners.

Prime Minister Pham Minh Chinh with large Korean corporations and enterprises (Photo: Doan Bac).

Vietnam has also proactively and actively contacted US authorities, sectors and businesses to continue to strengthen cooperation, mutual understanding and sharing of advantages and difficulties, promoting economic cooperation on par with the Comprehensive Strategic Partnership.

At the same time, Vietnam is also actively resolving difficulties of its US partners in a fair, reasonable manner, in accordance with the regulations and laws of both sides. The Ministry of Finance is reviewing reasonable and harmonious tax policies to ensure the interests of both sides.

The Prime Minister said the Government will hold a meeting to review and propose new policies in line with current US policies, promoting trade in a more balanced direction.

In relations with each partner, each different period will have different concerns and sharing, the important thing is to grasp the situation, respond appropriately, promptly, flexibly and effectively, according to the Prime Minister.

Proposing Korean enterprises to expand investment and business in Vietnam

Sharing about Vietnam's positive results in socio-economic development in 2024, the Prime Minister also said that Vietnam's investment and business environment continues to improve, receiving positive assessments from the international community and investors.

Vietnam is also actively removing obstacles, including many issues that Korean businesses have mentioned.

The Prime Minister emphasized the requirement to promote the construction of strategic infrastructure for transportation, logistics, energy and electricity to ensure meeting the needs of economic growth...

Prime Minister Pham Minh Chinh shares about US policies and Vietnam's responses and solutions (Photo: Doan Bac).

In addition, according to the Prime Minister, it is necessary to promote administrative procedure reform, smart governance, carry out a revolution in organizational apparatus, reduce intermediaries, eliminate the request-grant mechanism, promote decentralization and delegation of power in the direction of streamlining, compactness, strength, efficiency, effectiveness and efficiency; reduce inconvenience, harassment, costs and time for people and businesses.

The Prime Minister expects Korean enterprises to expand their investment and business, considering Vietnam a development base and an important link in the supply chain; contributing to the transfer of advanced technology, scientific and technological progress; and training high-quality human resources.

More specifically, he suggested that Korean enterprises accompany the Government and Vietnamese enterprises to expand investment in new technology, high technology, high added value, and spillover effects projects...

Prime Minister Pham Minh Chinh chaired a discussion with large Korean corporations and enterprises (Photo: Doan Bac).

The Prime Minister suggested that large Korean corporations could support Vietnam in establishing scientific research and innovation centers; consider sending Korean experts and high-quality human resources to work in Vietnam; and actively receive skilled Vietnamese workers to work in Korea.

"The Vietnamese Government is committed to ensuring the legitimate and legal rights and interests of investors; ensuring political stability, social order and security, institutions, mechanisms and policies to attract investment," the Prime Minister affirmed.

Dantri.com.vn

Source: https://dantri.com.vn/xa-hoi/thu-tuong-chia-se-ve-chinh-sach-cua-my-va-phan-ung-giai-phap-cua-viet-nam-20250304150401374.htm