.September 25, 2024 Wednesday 03:16:52 AM

Vietnam’s Prime Minister Pham Minh Chinh met with U.S. corporate executives to discuss boosting the nation’s tech-driven economy. Vietnam is committed to digital transformation and attracting foreign investment in high-tech industries to position itself as a tech hub in Southeast Asia.

Vietnam plans to enhance its digital economy by expanding infrastructure and creating a robust tech ecosystem. The country aims to leverage its young workforce and tech talent pool to attract foreign investors in AI, cloud computing, and semiconductors.

Major U.S. companies like Intel, Apple, and Google are increasing their presence in Vietnam, investing in manufacturing and R&D centers. This reflects Vietnam’s growing importance in the global tech supply chain.

Prime Minister Chinh stressed the need for public-private collaboration to achieve Vietnam’s tech goals. The government is focused on creating favorable conditions for businesses through streamlined regulations, tax incentives, and enhanced cybersecurity measures.

Vietnam’s tech push is part of a broader effort to diversify its economy and reduce reliance on traditional sectors. By becoming a tech hub, Vietnam aims to boost exports in high-tech products and compete regionally with countries like India and Thailand.

Investors interested in Vietnam’s tech sector can use FMP’s Industry P/E Ratio API to assess industry-specific valuations and performance trends. FMP’s Historical Earnings API offers insights into the financial growth of Vietnamese tech firms.