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Meta to ramp up investment in Vietnam

The Saigon Times

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HCMC – Facebook-owner Meta has expressed its intention to boost investment and resume manufacturing metaverse equipment in Vietnam.

During Prime Minister Pham Minh Chinh’s trip to the U.S., he visited the headquarters of Meta and met with its leaders on the evening of September 18 (local time).

Joel Kaplan, Vice President for U.S. Public Policy at Meta, said that the social network giant began producing metaverse equipment in Vietnam several years ago, but the production was temporarily halted due to the Covid-19 pandemic.

“Currently, Meta want to expand investment in Vietnam, including the production of metaverse equipment,” he said.

Meta also affirmed its commitment to continuing various collaborative activities aimed at supporting small, medium, and micro-sized businesses in Vietnam. These initiatives include helping them reach customers and providing digital transformation training for their workforce.

Kaplan said that Meta had worked with the Ministry of Planning and Investment to recognize 12 outstanding innovative solutions for promoting digital transformation ahead of U.S. President Joe Biden’s State visit to Vietnam.

Meta signed a memorandum of understanding with Vietnam’s National Innovation Center to enhance digital transformation efforts and partnered with the Vietnamese Government Portal, achieving the distinction of having the most successful government page in the region with 4.2 million followers.

During the meeting, Prime Minister Chinh appreciated Meta’s ongoing commitment to strengthening cooperation with Vietnam. He believed that cooperation between U.S. and Vietnamese companies would play a crucial role in making the most of the comprehensive strategic partnership between the two nations.

The Vietnamese PM proposed expanding cooperation in areas such as training, cybersecurity, and the dissemination of accurate information on social media.

Prime Minister Chinh also had the opportunity to experience Meta’s virtual reality technology at the Meta headquarters during this visit.

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