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Technology and innovation: pillars in Việt Nam-US new partnership

US President Joe Biden e PM of Vietnam Pham Minh Chinh

HÀ NỘI —US President Joe Biden arrived at Nội Bài International Airport in Hà Nội on 10 settembre, starting a two-day State visit to Việt Nam at the invitation of General Secretary of the Communist Party of Việt Nam Central Committee Nguyễn Phú Trọng.

PM Chính said that one of the main points of Biden’s visit to Việt Nam was to promote the growth of technology–focused innovation driven by the Vietnamese economy. The PM Chinh and US President agreed to turn technology, innovation, and investment into a key focus of the countries’ comprehensive strategic partnership.

Sharing President Biden’s view that innovation is the key to the countries’ future, Chinh called on enterprises from both countries to prioritise investment in science, technology and innovation, especially digital transformation, the semi-conductor industry, green growth, renewable energy, climate change fight and the circular economy.

PM Chinh told his guest that Việt Nam has set goals to become a developing country with modern industry and high average income by 2030, and a developed and high-income country by 2045.Therefore, science, technology and innovation are the main motivations for national development, and its consistent policy is to call for investment and to open markets with all partners and businesses around the world, especially those from the US, he stated.

To create favourable conditions for investors, Việt Nam has been focusing on developing human resources, introducing preferential policies for digital transformation, renewable energy, the semiconductor industry, high-tech parks, innovations centres and financial centres as well as industries and fields with high-added value and competitiveness able to participate in the global value chains with an aim to attract international strategic investors to Việt Nam.

The Vietnamese Government leader expressed his hope to continue receiving political support from the US Government and President Biden, as well as the US business community’s commitments in terms of capital, science and technology and high-quality human resources training to help Việt Nam transform its growth model and restructure the economy towards a green, rapid, sustainable and inclusive direction.

President Biden spoke highly of Việt Nam's development achievements in recent times, stressing he believes that it is time for the US and Việt Nam to promote relations in all fields to bring about common prosperity. The two countries and businesses need to work together to consolidate and advance cooperation in the coming time, he stressed.

The US will cooperate and support Việt Nam to seize opportunities and make the most of its potential, he stated, suggesting Việt Nam and its businesses continue to work closely to promote development in such areas as science, technology, innovation, semiconductor industry, green transformation, climate change response and human resources training, and to participate more deeply in regional and global value chains.

Biden emphasised that cooperation and sharing should not only happen during times of favourable development, but also in times of difficulties and risks.



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