European companies are looking to deepen their investment footprint in Vietnam, with interests spanning finance, semiconductors, artificial intelligence, pharmaceuticals, biotechnology, textiles, and clean energy. Company executives from across Europe, including Sweden, expressed this intent during a meeting with Prime Minister Pham Minh Chinh in Hanoi, describing Vietnam as an attractive long-term destination. They called on the Vietnamese government to maintain open, stable, and incentive-based policies, streamline administrative procedures, and build supporting ecosystems to help maximize investment efficiency.
Philipp Rösler, former German Vice Chancellor and current chairman of the Swiss-Vietnam Economic Forum, praised Vietnam’s development ambitions, including its plans to establish an international financial center and achieve double-digit economic growth. He said the business community stands ready to support Vietnam in reaching those goals.
Prime Minister Chinh reaffirmed Vietnam’s commitment to improving its business environment through greater political stability, accelerated digitalization, reduced red tape, lower compliance costs, and stronger protections for investor rights. He outlined priorities in clean energy, including wind, solar, and nuclear power, as well as sustainable agriculture, highlighted by a one-million-hectare low-emissions rice program in the Mekong Delta.
On semiconductors, Chinh noted that Vietnam already has chip manufacturing facilities under development and is targeting the training of between 50,000 and 100,000 semiconductor engineers by 2030. The country is also building out national databases to support AI applications and developing a carbon market alongside plans for green transport and electric vehicle adoption.
The Prime Minister urged European firms to expand both direct and indirect investment, transfer technology, train local talent, and help connect Vietnamese companies to global supply chains.
(Source: The Investor)
