PM proposes ASEAN businesses to expand investment in Vietnam

Prime Minister Pham Minh Chinh held a dialogue in Hanoi on March 4 with businesses from ASEAN member countries that are operating in Vietnam.

PM Chinh proposed the businesses to expand investment, production and trade in Vietnam; promote technology transfer; and support human resources training, and improvement of governance capacity.

He highlighted Vietnam’s improved business environment and upgraded global rankings in 2024, positioning the country as a strategic production hub.

Vietnam is focusing on three breakthroughs - institutional reform, infrastructure, and human resources development, to support sustainable business operations, he said.

ASEAN businesses committed to work with Vietnam to achieve at least 8% growth in 2025 and double-digit expansion in the following years. They plan to boost investment in key sectors such as high technology, semiconductors, AI, aviation, energy, e-commerce, agriculture, finance and logistics.

Vietnam’s total trade with ASEAN countries reached $83.6 billion in 2024. ASEAN is now Vietnam’s 4th largest export market and 3rd biggest import market.