Prime Minister Pham Minh Chinh received Mr. Antoine Colin, Senior Vice President, Global Supply Chain Digital Transformation & Resilience at HP Group, in Hanoi on June 20.

During the reception, the PM  suggested HP expand operation in Vietnam in high-tech, sustainable growth and AI and back reasonable tariff policies between Vietnam and the United States.

The Prime Minister highly praised HP's investment cooperation  and its practical, effective contributions to Vietnam's economic development and the relations between the two countries.

He stated that the Vietnamese Government is committed to providing all possible favorable conditions, including institutional reforms, to enable foreign investors, including those from the US, to operate effectively in Vietnam. He stressed the importance of legal compliance and resolving obstacles based on the principles of harmonized interests, shared risks, joint effort, mutual success, and shared development.

The Government leader noted that Vietnam is striving for a growth rate of 8 per cent in 2025 and double-digit growth in the following years, aiming to become a developing country with a modern industrial base and upper-middle income by 2030, and a developed, high-income country by 2045.

Regarding ongoing tariff negotiations between Vietnam and the U.S., the PM  stated that Vietnam is building an independent and self-reliant economy closely linked with proactive, extensive, substantive, and effective international integration. The country encourages technology transfer, local production, and the use of Vietnamese labor, materials, and components.

He called on HP to expand its investments and encourage other enterprises and partners to invest in Vietnam, especially in priority areas with great potential for cooperation, such as high technology, sustainable development, and artificial intelligence. He also suggested that HP advocate for tariff policies from the U.S. side that are mutually beneficial.

HP Inc. is looking to expand its production capacity in Vietnam with planned investment ranging from $2 – 3 billion, Mr. Colin told the Vietnamese PM.

The US-based technology provider in personal computing, printing, and 3D printing is currently working with more than 40 suppliers in Vietnam; and HP Vietnam was established in 1996, according to Mr. Colin, who expressed his  confidence that Vietnam and the U.S. would find a mutually beneficial solution regarding tariffs, and affirmed HP's support for Vietnam throughout the negotiation process.