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Tuesday, June 25, 2024

Vietnam looks to woo global tech giants

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh has stressed the need to adopt appropriate strategies to attract and retain investments given the growing interest in Vietnam of global technology giants.

He was speaking at a Government meeting held in Hanoi today, March 2, which reviewed the nation’s socioeconomic performance in February and the first two months of this year.

PM Chinh said international corporations and investors needed a more enabling business environment and that Vietnam should be promoted as an attractive hub for high-tech companies.

During the meeting, Government ministers said there emerged positive drivers for Vietnam’s economy early this year, including a robust agricultural sector, a rebound in industrial output, and a big improvement in tourism.

However, challenges such as potential macroeconomic instability and a sluggish real estate market persist, they said.

The PM urged greater efforts from ministries and agencies to address these issues. He reaffirmed the need to accelerate Vietnam’s digital transformation and foster the development of a circular economy.

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