March 05, 2025 | 06:30

PM proposes ASEAN businesses to expand investment in Vietnam

Tiến Dũng

Prime Minister Pham Minh Chinh holding a dialogue with businesses from ASEAN in Hanoi.

PM proposes ASEAN businesses to expand investment in Vietnam
Prime Minister Pham Minh Chinh and delegates take a group photo. Photo: VGP

Prime Minister Pham Minh Chinh held a dialogue in Hanoi on March 4 with businesses from ASEAN member countries that are operating in Vietnam.

PM Chinh proposed the businesses to expand investment, production and trade in Vietnam; promote technology transfer; and support human resources training, and improvement of governance capacity.

He highlighted Vietnam’s improved business environment and upgraded global rankings in 2024, positioning the country as a strategic production hub.

Vietnam is focusing on three breakthroughs - institutional reform, infrastructure, and human resources development, to support sustainable business operations, he said.

ASEAN businesses committed to work with Vietnam to achieve at least 8% growth in 2025 and double-digit expansion in the following years. They plan to boost investment in key sectors such as high technology, semiconductors, AI, aviation, energy, e-commerce, agriculture, finance and logistics.

Vietnam’s total trade with ASEAN countries reached $83.6 billion in 2024. ASEAN is now Vietnam’s 4th largest export market and 3rd biggest import market.

 

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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