Prime Minister chairs dialogue with ASEAN businesses

This was the 10th working session in a month between the Vietnamese Government leader and both domestic and foreign business communities, aiming to promote investment, production, and business activities in order to achieve the Government's GDP growth target of at least 8 percent in 2025.

Pham took the occasion to call upon Singaporean businesses to actively support the implementation of the Viet Nam-Singapore Economic Connectivity Framework Agreement and the Green and Digital Economy Partnership, with an immediate focus on digital transformation, circular economy, innovation, and clean energy.

He encouraged the expansion and transformation of Viet Nam-Singapore Industrial Parks (VSIPs) into smart, green, sustainable ones, and called on Singapore to maintain its position as Viet Nam's top ASEAN investor while improving FDI quality, especially in high-tech, digital economy, circular economy, clean energy, semiconductors, and AI, and to help Viet Nam develop international financial centers.

The Prime Minister called on Thai enterprises to work with Vietnamese peers to raise bilateral trade to US$25 billion.

He urged Indonesian businesses to invest in new sectors such as digital economy, green economy, e-commerce, digital transformation, and EV ecosystems in Viet Nam.

Philippine businesses were urged to cooperate with Viet Nam to raise two-way trade turnover to US$10 billion with smoother agricultural trade and increased cooperation in food processing, infrastructure, automotive, renewable energy, and high-tech agriculture.

Prime Minister Pham pledged to create a fair, transparent, and competitive investment environment, protecting businesses' legitimate rights and interests, ensuring political and social stability, and maintaining consistent laws and policies.

In 2024, Viet Nam's total trade turnover with ASEAN countries reached US$83.6 billion. ASEAN was Viet Nam's fourth largest export market and the third biggest import market./.