Vietnam considers the foreign-invested sector an integral part of its economy and will ensure it receives equal treatment alongside other economic sectors, Party General Secretary To Lam said on March 26.
Speaking at a meeting in Hanoi with leaders of more than 40 major international corporations under the Asia Business Council, To Lam reaffirmed Vietnam’s commitment to being a reliable partner, a responsible member, and an attractive destination in both regional and global economic networks.
General Secretary To Lam at the meeting. Photo: VNA.
He expressed appreciation for the contributions of the international business community to Vietnam’s socio-economic development, noting that such partnerships have played a key role in the country’s growth trajectory.
The meeting took place as global supply chains are undergoing significant restructuring, with digital transformation and artificial intelligence emerging as new foundational drivers of production and trade.
Mr. To Lam highlighted Vietnam’s development achievements and strategic orientation, emphasizing efforts to build a stable, transparent, and highly adaptable environment. The country aims to position itself as a strategic destination for global investment flows and a hub for science, technology, innovation, and digital transformation.
The Party’s 14th National Congress has outlined long-term development directions based on five strategic pillars: modern, transparent, and predictable institutions; synchronized and advanced infrastructure; high-quality human resources leveraging Vietnam’s large population and demographic advantages; science, technology, and innovation as key growth drivers; and green, sustainable development.
Within this framework, Mr. To Lam stressed that the private sector is regarded as one of the most important growth engines, while the foreign-invested sector is recognized as a vital component of the economy. It will be encouraged to develop in a long-term, sustainable manner, cooperating and competing fairly with other sectors.
General Secretary To Lam with leaders of major international corporations and enterprises. Photo: VNA.
Vietnam, he said, is ready to work alongside businesses to build more efficient, greener, and more resilient supply chains.
He also affirmed that Vietnamese authorities across legislative, executive, and judicial branches will continue to create the most favorable conditions for businesses to grow, expand international cooperation, and move up the global value chain.
Representing the business delegation, Arif P. Rachmat, Chairman of the Asia Business Council, expressed confidence in Vietnam’s development potential and strategic direction.
Leaders of major corporations said they were impressed by Vietnam’s strengths in attracting foreign investment and pledged to expand both the scale and scope of their operations in the country.
Key areas of focus include infrastructure development, artificial intelligence, clean and renewable energy, smart agriculture, supporting industries, logistics, software, and financial services - sectors seen as critical to enhancing Vietnam’s global competitiveness.
Vietnamnet.vn
Podcast
.svg){kind=icon}
