Prime Minister Pham Minh Chinh holds high-level meetings with leading Japanese semiconductor enterprises

On the morning of December 16, in Tokyo, continuing bilateral activities in Japan, Prime Minister Pham Minh Chinh had a high-level meeting and worked with leading Japanese corporations and enterprises in the field of semiconductor microchips.

Thủ tướng Phạm Minh Chính gặp, làm việc với các doanh nghiệp vi mạnh, công nghệ hàng đầu Nhật Bản

Leaders of leading Japanese semiconductor companies welcomed the Prime Minister and the Vietnamese delegation. (Photo: Ha The Giang)

At the meeting, Prime Minister Pham Minh Chinh highlighted the importance of Japanese corporations and enterprises in economic and investment cooperation, the good relationship between the two countries, especially Japanese enterprises willing to transfer technology to Vietnam.

The Prime Minister emphasized that Vietnam is building a socialist democracy, with people at the center and the subject of State policies. People must contribute to and promote development and build a socialist-oriented market economy, in which the law of supply and demand is followed and regulated by the State.

The Prime Minister stated that throughout the development process, Vietnam has identified people as the center, the subject, and at the same time the goal and the driving force for development. Vietnam does not sacrifice progress and social justice to pursue economic growth alone. The Vietnamese Government is striving to create the most favorable environment, ensuring that businesses coming to Vietnam can do business and develop in the long term.

The Prime Minister asked Japanese businesses how Vietnam could meet the demands of Japanese businesses. The Prime Minister reiterated that Japanese Prime Minister Kishida Fumio once emphasized that "cooperation with Vietnam has no limits".

Prime Minister Pham Minh Chinh affirmed that Vietnam considers internal strength as the main factor, but cannot lack external strength and cooperation from Japanese enterprises. (Photo: Doan Bac)

The Prime Minister said that investors always need political stability, a solid guarantee of national defense, security, independence, sovereignty and territorial integrity. This is a basic requirement. Therefore, Vietnam always strives to preserve independence, sovereignty and territorial integrity.

The Prime Minister affirmed that Vietnam identifies internal strength as the main strength, but cannot lack external strength; identifies independence and autonomy but cannot lack integration; only independence and autonomy can stand firm against "headwinds". To do so, it is necessary to stabilize the macro-economy, control inflation, promote growth, ensure major balances, balance the labor market... improve the material and spiritual life of the people.

The Prime Minister also strongly affirmed: Vietnam is a safe haven in the current world storm. Vietnam implements the "4 no's" defense policy, attaches importance to developing a culture imbued with national identity alongside economic development, and values business ethics; love for people, and "heart-to-heart" connections as the late Japanese Prime Minister Fukuda Takeo once said about ASEAN-Japan relations. Vietnam combines economic, defense, and cultural policies... as a basic foundation for investors to feel secure in doing business in Vietnam. Vietnam is ready to be a friend and partner with foreign corporations and businesses.

Japanese enterprises asked the Prime Minister about the business environment in Vietnam in the high-tech sector. (Photo: DB)

The Prime Minister affirmed that Vietnam always listens to and values its friends. This result is due to the leadership of the Party, the efforts of the people and businesses, and the support of international friends, including Japan. The Prime Minister hopes that friends will join Vietnam in developing the semiconductor industry, because according to the Prime Minister, this is Vietnam's strategic choice.

Vietnam is determined to develop the semiconductor industry more strongly, playing a role in the supply chain of Japanese and global enterprises. To do so, there must be investment in development, human resources, and factories. To do so, there must be resources, open mechanisms and policies, smooth infrastructure, and smart governance.

According to the Prime Minister, Vietnam must quickly train high-quality human resources in the field of information technology to meet the requirements of investors in the semiconductor industry. Vietnam is building priority policies for emerging industries, including semiconductor chip manufacturing.

The Prime Minister affirmed that Vietnam is cooperating equally with major partners in the world, creating an ecosystem to actively develop green, implement a circular economy... (Photo: Duc Khai)

The Prime Minister said that the Government has assigned the Ministry of Planning and Investment to develop this policy, which prioritizes large corporations to invest and transfer technology, creating conditions for Vietnamese enterprises to participate in the global supply chain, along with increasing training of semiconductor engineers... Vietnam will strive to improve the investment environment. This year, in difficult global conditions, Vietnam is still a bright spot in attracting FDI.

The Prime Minister emphasized that Vietnam wants to develop a breakthrough semiconductor chip manufacturing industry. Vietnam is studying how to work to better organize and gather forces and semiconductor corporations in the world to invest in Vietnam. Vietnam is cooperating equally with major partners in the world in this field, creating an ecosystem to actively develop green, implement a circular economy...

Japanese corporations affirmed that Vietnam is an important base for Japan, in the coming time, artificial intelligence will be an important factor in the semiconductor industry, research and development (R&D) activities. During the discussion with colleagues from other countries, they were all interested in the current development of the semiconductor industry in the world. Enterprises were interested in the vision for developing the semiconductor industry in Vietnam, the preferential policies of the Vietnamese Government for foreign investors in this field, learning about Vietnam's strengths in this field, especially the issue of human resources...

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