Prime Minister answers concerns of Korean enterprises

According to the Government Newspaper, at the seminar, Mr. Ko Tae Yeon - Chairman of the Korean Business Association in Vietnam (KoCham) - hoped that Korean enterprises could participate in key projects such as the North-South high-speed railway, nuclear power... from design, manufacturing to human resource training.

Korean corporations and enterprises have mentioned investment opportunities and proposed recommendations in areas such as semiconductors, high technology (Samsung, LG, Hana Mircon Vina); green energy (SK, Hanwha, Asong); high-tech industries such as automobiles, LNG, electric vehicle batteries ( Hyundai Thanh Cong, Posco); biotechnology, advanced materials (Hyosung); services, logistics (CJ, Lotte)...

Mr. Na Ki Hong - General Director of Samsung Vietnam - assessed that the Decree on Investment Support Fund was issued with strong will and active support from the Vietnamese Government, which was highly appreciated by many foreign investors, considering this the result of efforts to clearly demonstrate the protection of investors and trust in the Government.

He also said that countries around the world are viewing the development of the semiconductor and artificial intelligence industry as a matter of directly related to national security and preparing many diverse support policies at the government level. The Government of Vietnam is also following this trend and in the process of considering a diverse preferential mechanism, including the Digital Industry Law, which is currently being built by the Ministry of Science and Technology. Samsung and many foreign -invested businesses are interested in this issue.

Speaking at the seminar conclusion, the Prime Minister Pham Minh Chinh assigned the Ministry of Finance, the Government Office to summarize, the ministries, branches and localities of Vietnam urgently responded, completely handled the recommendations and proposals of businesses, posted publicly on the Government's electronic portal and ministries and branches, with the spirit of "attaching importance to time, intelligence and assertiveness", assurance of the progress of 5 people, clearly assured the progress of the people.

In response to businesses' interest in Vietnam-US economic relations, US policies and Vietnam's reactions and solutions, Prime Minister Pham Minh Chinh shared a number of important contents.

Accordingly, the two economies of Vietnam and the US are two complementary economies, not competing fiercely but competing healthily; the two countries are Comprehensive Strategic Partners with many destinations and characteristics compared to other partners.

The Vietnamese side has also proactively and actively contacted US levels, sectors and businesses to continue to strengthen cooperation, mutual understanding and share advantages and disadvantages, promote economic cooperation on par with the Comprehensive Strategic Partnership.

At the same time, Vietnam also actively resolved the difficulties of US partners in a fair, reasonable manner, in accordance with the regulations and laws of both sides. The Ministry of Finance is reviewing reasonable and harmonious tax policies to ensure the interests of both sides.

This week, the Government will hold a meeting to review and propose new policies in line with current US policies, promoting trade in a more balanced direction.

The Prime Minister suggested that Korean enterprises accompany the Government and Vietnamese enterprises to expand investment in new technology projects, high technology, advanced technology, clean technology, high added value, impact on technology transfer, connecting production chains, global supply, strategic areas of innovation, semiconductor technology, artificial intelligence (AI), renewable energy, digital finance, biomedical medicine, smart manufacturing, digital economy, etc.

Major Korean corporations support Vietnam in establishing scientific research and innovation centers; considering sending high-quality Korean experts and human resources to work in Vietnam; actively accepting Vietnamese skilled workers to work in Korea.