Việtnam Reaffirms Openness to Swiss, European Investment in High-Tech and Green Sectors

Hanoi, The Gulf Observer: Prime Minister Phạm Minh Chính has reaffirmed Việtnam’s strong commitment to welcoming Swiss and European businesses, calling for increased investment in high-tech and high value-added projects linked with technology transfer, as well as deeper cooperation in green and digital transformation, renewable energy, the marine economy, green finance and tourism.

The Prime Minister made the remarks on Tuesday during a meeting with a delegation of Swiss and European enterprises led by Dr Philipp Rösler, President of the Swiss–Viet Economic Forum (SVEF). He commended the forum and Dr Rösler for their active role in connecting Việt Nam with international partners, promoting investment cooperation and enhancing the country’s profile within European and global business communities.

Updating the delegation on key outcomes of the 14th National Congress of the Communist Party of Việt Nam, the Prime Minister highlighted the country’s development strategy with centenary goals set for 2030 and 2045. He noted that Việt Nam is striving to achieve double-digit economic growth from 2026 onwards, despite ongoing global uncertainties.

Dr Rösler congratulated Việt Nam on sustaining robust economic growth and praised its long-term vision, including plans to establish an international financial centre and pursue double-digit growth in the coming years. He affirmed that Swiss and European partners stand ready to cooperate with and support Việt Nam in achieving its strategic objectives.

Representatives of Swiss and European enterprises spoke highly of Việt Nam’s investment climate and outlined long-term cooperation plans in areas including finance, textiles, climate change response, emissions reduction, pharmaceuticals, biotechnology, semiconductors, data infrastructure and artificial intelligence. They also called for continued government support through stable and open policies, streamlined administrative procedures and stronger supporting ecosystems to enhance investment efficiency.

Addressing business proposals, the Prime Minister outlined Việt Nam’s priorities and incentives for green growth and digital development. He said the country is advancing three strategic breakthroughs—institutional reform, modern and integrated infrastructure, and high-quality human resources and governance—while shifting to a new growth model driven by science, technology, innovation and digital transformation.

He noted that Việt Nam is accelerating clean energy development, including wind, solar and nuclear power, promoting sustainable agriculture through initiatives such as the one-million-hectare high-quality, low-emission rice programme in the Mekong Delta, developing a carbon market, and expanding green transport through wider adoption of electric vehicles and reduced reliance on fossil fuels.

The Prime Minister also highlighted strong incentives for the semiconductor industry, noting that Việt Nam is implementing two chip projects, training 100,000 semiconductor engineers by 2030, and building national, sectoral and local databases to support artificial intelligence development. He pointed to further opportunities in pharmaceuticals, biotechnology, ecological agriculture and modern rural development.

Expressing his hope that Swiss and European enterprises will scale up both direct and indirect investment, the Prime Minister encouraged greater technology transfer, workforce training, sharing of management expertise, investment in research and development, and deeper integration of Vietnamese firms into global value and supply chains.

Welcoming the breakthrough progress in Việt Nam–Europe relations following the upgrade to a comprehensive strategic partnership, as well as the strong ties between Việt Nam and Switzerland, the Prime Minister reaffirmed Việt Nam’s commitment to improving the investment climate, ensuring political and institutional stability, maintaining social order and safety, cutting red tape, and protecting the lawful rights and interests of investors.

He also called on Swiss and European businesses to support Việt Nam’s efforts to develop an international financial centre, encourage remaining EU member states to ratify the EU–Việt Nam Investment Protection Agreement (EVIPA), urge the European Commission to lift the IUU fishing “yellow card” on Vietnamese seafood, and contribute to the country’s long-term development through sustained investment, technology transfer, innovation cooperation and the promotion of environmental, social and governance (ESG) standards and sustainable finance.