Vietnam welcomes US tech companies' long-term operations: Top leader

Party General Secretary and President To Lam endorsed Qualcomm's plan to position Vietnam as a key Asian hub and significant global R&D centre, which aligns with the two countries' science, technology and innovation cooperation under the Comprehensive Strategic Partnership framework.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam (R) meets with President and CEO of Qualcomm Incorporated Cristiano Amon in Hanoi on August 27. (Photo: VNA)
General Secretary of the Communist Party of Vietnam Central Committee and President To Lam (R) meets with President and CEO of Qualcomm Incorporated Cristiano Amon in Hanoi on August 27. (Photo: VNA)

Hanoi (VNA) – Vietnam welcomes and will continue to make it easier for leading global technology corporations, including those from the US, to invest and build long-term partnerships in the country, said General Secretary of the Communist Party of Vietnam Central Committee and President To Lam.

During a reception in Hanoi on August 27 for President and CEO of Qualcomm Incorporated Cristiano Amon, General Secretary and President Lam affirmed that Vietnam always attaches importance to its ties with the US, expressing satisfaction at the stable, positive and increasingly substantive progress, particularly since the two countries established a Comprehensive Strategic Partnership in 2023.

According to him, Vietnam is pivoting toward a self-reliant, innovation-driven, sustainable and globally integrated growth model, with science – technology, innovation, digital transformation and artificial intelligence (AI) designated as key drivers. The country is prioritising investment that brings technology transfer and upgrades workforce quality.

Welcoming Amon’s return, he lauded Qualcomm's two-decade expansion in Vietnam, including research and development (R&D), support for innovation, and technology ecosystem. He cited its Hanoi R&D centre and partnerships with Viettel and VinSmart.

The host leader endorsed Qualcomm's plan to position Vietnam as a key Asian hub and significant global R&D centre, which aligns with the two countries' science, technology and innovation cooperation under the Comprehensive Strategic Partnership framework.

He urged Qualcomm to continue expanding long-term investment in the fields it is strong at such as AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity. He also called for increased technology transfer, further sharing of governance experience, expanded collaboration with Vietnamese enterprises, universities and research institutes, and support to help local firms sharpen technological capabilities and integrate more deeply into global technology supply chains.

Amon, in reply, said his visit takes place as Qualcomm is pushing the strategy for developing new technologies, especially AI, semiconductors and connected computing, while expanding R&D activities in Vietnam.

He praised Vietnam's vision, determination and strong policies to advance science, technology, innovation, digital transformation and semiconductors, noting that the country's development gains underscore its growing appeal to the global business community and position it as an emerging high-tech manufacturing, research, innovation and digital economy hub of growing importance in the region.

Qualcomm considers Vietnam an increasingly important market and technology hub in Asia and is working toward making it the company’s third-largest AI R&D centre globally. With more than 100 billion USD invested in R&D worldwide, Qualcomm seeks to leverage its core technological capabilities, research network and international partner ecosystem to expand cooperation in Vietnam in AI, semiconductors, 5G/6G, connected computing and next-generation technology infrastructure, Amon said.

The guest expressed Qualcomm’s desire to broaden its investment and long-term presence in Vietnam, enhance coordination with Vietnamese agencies, enterprises, research institutes and universities in research, quality workforce training, technology transfer and the development of next-generation technologies, while contributing to the country’s semiconductor, AI and innovation ecosystems in the years ahead./.​

VNA

See more

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.

At a commune administrative service centre in Hung Yen province (Photo: VNA)

Government determined to cut administrative procedures to drive double-digit growth

Resolution No. 258/NQ-CP, dated August 31, 2026, calls for substantive and comprehensive reform, with a focus on maximum cuts and simplification of administrative procedures and business conditions. It also seeks to shift management from pre-licence inspection to post-licence inspection based on risk management, while strengthening real-time, data-driven oversight and putting people and businesses at the centre of public services.

(Illustrative photo: VNA)

Vietnam eyes entry into 40-billion-USD Southeast Asian CCS market: experts

A clear, transparent and stable legal framework would not only enable Petrovietnam to play a leading role in new energy development but also strengthen investor confidence, encouraging both domestic and foreign enterprises to invest, transfer technology and cooperate in developing large-scale CCS projects.