Vietnam urges Meta to establish local office for long-term benefits
Among the five US Big Tech giants—Google, Apple, Amazon, Meta and Microsoft, Meta remains the only one that has yet to establish a representative office in Vietnam.
Representatives from the General Department of Taxation (under the Ministry of Finance) have proposed that Meta establish a representative office in Vietnam, aiming to build a solid foundation for long-term cooperation between the corporation and the domestic market.
During a recent working session with senior Meta leadership, Deputy Director-General of the General Department of Taxation, Mr. Dang Ngoc Minh, emphasized that given Meta’s significant revenue scale in Vietnam, the company must urgently explore the establishment of an official commercial presence in the country.
Beyond strengthening policy ties, such a move would boost investment in high-tech sectors, particularly artificial intelligence (AI), open data, and virtual reality (VR) devices, further expanding the Vietnam-US strategic partnership.
Sharing this perspective, Ms. Dao Thanh Huong, Deputy Director-General of the Foreign Investment Agency (under the Ministry of Finance) , urged Meta to establish its commercial presence in Vietnam as soon as possible, enabling the company to research the market, seize opportunities, and reaffirm its long-term commitment to Vietnam.
Vietnam has been attracting a growing number of US direct investors, including major players like Intel Corporation and Apple, reflecting the stability and reliability of Vietnam's investment policies. With a strong focus on foreign direct investment (FDI) development, Vietnam prioritizes digital technology and innovation, areas in which Meta is a global leader.
Responding to the discussion, Ms. Molly Montgomery, Director of Public Policy at Meta, acknowledged Vietnam’s proposals and confirmed that Meta would conduct further research and submit specific recommendations in the near future.
Among the five US Big Tech giants—Google, Apple, Amazon, Meta and Microsoft, Meta remains the only one that has yet to establish a representative office in Vietnam, despite operating in the country for over 15 years.
