Prime Minister Pham Minh Chinh proposed Korean businesses to expand cooperation, investment and operations in Vietnam during a meeting with leaders of 35 Korean enterprises in Hanoi on March 4.

Particularly, Korean businesses were encouraged to boost investment in the fields of high technology, clean technology, semiconductor, AI, renewable energy, digital finance, smart production and digital economy.

PM Chinh also proposed them to promote cooperation and investment in manufacturing, real estate, infrastructure development, telecommunications and tourism.

He also suggested the Korean enterprises to consider Vietnam as their development hub and a key link in supply chains.

The PM encouraged the promotion of the transfer of advanced technology and scientific advances, which will help increase the rate of localization.

PM Chinh stressed that the Vietnamese government committed to ensuring that the FDI sector is an important part of the national economy, and ensuring legitimate rights and interests of investors.