Vietnam invites Estonian investment in high-tech sector

Mr. Pham Tan Cong, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), highlighted Vietnam's commitment to digital transformation during a recent meeting with Estonian Ambassador to Vietnam Hannes Hanso.

The VCCI leader emphasized the significant opportunities for Estonian businesses to invest and operate in Vietnam.

Vietnam is actively seeking foreign investment, particularly in high-tech sectors like technology, semiconductors, and ICT, he said, adding that the country's strategic geographic location and supportive policies have made it an attractive destination for global investors.

The VCCI Chairman suggested that the Estonian Embassy and the VCCI should strengthen cooperation to facilitate business connections and knowledge sharing. This would help both sides to better understand market potential and foster mutual growth, he noted.

Ambasador Hannes Hanso expressed Estonia's keen interest in collaborating with Vietnam in the field of technology. He believes that both countries can benefit from knowledge sharing and joint ventures.

Previously, during a meeting with a high-level business delegation from Estonia, which visited Vietnam between November 4-8 to explore opportunities for mutual cooperation, Mr. Pham Hong Quat, Head of the National Agency for Technology Entrepreneurship and Commercialization Development under the Ministry of Science and Technology, emphasized that Vietnam is currently implementing numerous policies to support the development of science, technology, and innovation.

Vietnam's strong performance in the global innovation index, with 314 patents and over 3,800 startups, including unicorns like VNG and MoMo, demonstrates its growing innovation ecosystem, he said, noting that the government's support for startups and innovation initiatives has created a conducive environment for businesses.