Netherlands eyes semiconductor investment in Vietnam
This investment signals a promising area for future cooperation between the two nations.
During a meeting on January 22 (local time) with Vietnam’s Prime Minister Pham Minh Chinh on the sidelines of the 55th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, Dutch Prime Minister Dick Schoof affirmed the Netherlands' interest in investing in Vietnam's semiconductor chip sector.
This investment signals a promising area for future cooperation between the two nations, according to the Dutch Prime Minister.
PM Schoof highlighted the strong and cooperative relationship between the two nations, which continues to thrive across various sectors. He emphasized the need for both countries to enhance bilateral relations, as there remains significant potential and opportunities for growth.
PM Pham Mình Chính, for his part, emphasized the importance of building on the 50-year friendship and multifaceted cooperation between the two countries to elevate political and diplomatic relations to new heights.
The Vietnamese Government leader called for the continued effective implementation of existing bilateral cooperation mechanisms and suggested expanding collaboration into areas where the Netherlands excels and Vietnam has needs, including high technology, chip design and manufacturing, and other science and technology fields.
PM Chinh also expressed his desire for both nations to strengthen their coordination and support each other in international and regional organizations. He specifically requested that the Netherlands expedite the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA) and encourage the EU to lift the "yellow card" warning on Vietnamese seafood, thereby facilitating enhanced bilateral economic and trade cooperation.
In the realm of economic and trade relations, the Netherlands stands as Vietnam’s second-largest trading partner in Europe and the leading EU investor in Vietnam. Despite global trade challenges, the trade turnover between the two countries reached $13.77 billion in 2024, marking a 26% increase compared to 2023.
