Vietnamese Prime Minister Pham Minh Chinh (second from right) and US President Joseph Robinette Biden Jr. (second from left) attend the two countries' high-level conference on investment and innovation in Hanoi on September 11. (Photo: VNA) They made the consensus during a high-levelconference on investment and innovation between the two countries in Hanoi,part of the US leader’s State visit to Vietnam on September 10 - 11 at the invitationof General Secretary of the Communist Party of Vietnam Nguyen Phu Trong.
Co-chairing the event, Vietnamese Ministerof Planning and Investment Nguyen Chi Dung and US Secretary of State AntonyBlinken said the upgrade of bilateral ties to the comprehensive strategicpartnership for peace, cooperation, and sustainable development during thevisit will create new opportunities and potential for the two countries andtheir enterprises to promote investment cooperation, especially in such fields asinnovation.
They suggested enterprises make useon this to enhance cooperation and bring about benefits to not only enterprisesbut also people of both countries.
Ministries and sectors of thecountries will keep providing optimal conditions for US and Vietnameseenterprises to successfully make investment and do business, engage insustainable regional and global supply chains, and help generate prosperity forboth countries, the officials noted.
During the conference, Vietnamese andUS enterprises discussed investment cooperation chances, witha focus on four main areas – technology and innovation, production investment,financial services and financial technology, and trade and services.
In his remarks, PM Chinh said one ofthe focuses of President Biden’s visit is to promote the technology and innovation-centreddevelopment of the Vietnamese economy. He cited Party leader Trong as emphasising that fostering innovation-oriented economic, trade,and investment cooperation is a stepping stone, a focus, and an impetus for bilateralrelations.
The PM noted that he and the US President agreed to turn technology, innovation, and investment into a truly newimportant pillar of the countries’ comprehensive strategic partnership.
Sharing President Biden’s view thatinnovation is the key to the countries’ future, he called on both sides’enterprises to prioritise investment in science - technology and innovation,especially digital transformation, the semi-conductor industry, green growth,renewable energy, climate change fight, and circular economy.
The Vietnam - US high-level conference on investment and innovation in Hanoi on September 11 (Photo: VNA) Therefore, it determines that science, technology andinnovation is one of the main motivations for national development, and itsconsistent policy is to call for investment and to open markets with all partnersand businesses around the world, especially those from the US, he stated.
To create more favourable conditions for enterprises,Vietnam has been focusing on developing human resources, building preferentialpolicies to speed up digital transformation and further develop renewableenergy, semiconductor industry, high-tech parks, and innovation and financialcentres, participating in the global value chain, and attracting foreignstrategic investors.
The Vietnamese Government leader expressed his hope tocontinue receiving political support from the US Government and PresidentBiden, as well as the US business community’s commitments in terms of capital,science and technology and high-quality human resources training to helpVietnam transform its growth model and restructure the economy towards a green,rapid, sustainable and inclusive direction.
With the stance of “resources originating from thinking andvision, motivation from innovation and creativity, and strength from people andbusinesses”, Chinh said that the Vietnam-US comprehensive strategic partnershiprepresents new thinking, new vision, and new motivation, and creates new strengthand new values. He proposed both sides cooperate, share, learn from, andsupport each other in the spirit of harmonising benefits and sharing risks.
Agreeing with Chinh's opinions, Biden spoke highly of Vietnam'sdevelopment achievements in recent times, stressing he believes that it is time for the US and Vietnam to promote relations in all fields to bring about common prosperity.
The two countries and businesses need to work together toconsolidate and advance cooperation in the coming time, he stressed.
The US will cooperate and support Vietnam to seize opportunitiesand make the most of its potential, he stated, suggesting Vietnam in generaland its businesses in particular continue to work closely to promotedevelopment in such areas as science - technology, innovation, semiconductorindustry, green transformation, climate change response and human resourcestraining, and to participate more deeply in regional and global value chains.
The President emphasised that cooperation and sharing arenot only during the times of favourable development, but also those of difficulties andrisks./.
VNA
