Vietnam's President To Lam recently met with top U.S. corporations in New York, emphasizing his commitment to enhancing the country's technology sector. This visit marks Lam's first official trip to the United States as president, where he aims to foster stronger economic ties and attract foreign investments, particularly in technology and innovation.
During his visit, Lam engaged in discussions with several prominent U.S. companies, including Meta, Apple, and investment firms like Blackstone and Warburg Pincus. These meetings are part of Vietnam's broader strategy to attract foreign investment and enhance its technological capabilities.
Lam's discussions with Meta's President for Global Affairs, Nick Clegg, highlighted plans for the production of virtual reality glasses in Vietnam. This initiative is expected to contribute significantly to the local tech landscape, given Meta's substantial user base in the country.
Lam articulated a vision for Vietnam's digital transformation, identifying it as a key driver for the nation's future. He stated, "Developing the semiconductor and AI industries is a strategic choice and a priority." This focus aligns with global trends in technology and positions Vietnam as a competitive player in the tech economy.
At a business forum during his visit, Lam signed several cooperation agreements with U.S. firms. These agreements cover various sectors, including:
Participants in the forum included representatives from major companies such as Amazon, Visa, Procter & Gamble, and AES, all of which are keen to explore opportunities in Vietnam's burgeoning market.
The meetings and agreements signify a strong commitment from both Vietnam and U.S. corporations to foster innovation and economic growth. Ted Osius, head of the US-ASEAN Business Council, emphasized Lam's determination to grow the tech economy, stating, "His presidency is focused on digital transformation as a driving force for the country."
As Vietnam continues to position itself as a hub for technology and innovation, the outcomes of these discussions could pave the way for significant advancements in the country's tech landscape, benefiting both local and international stakeholders. Lam's proactive approach in engaging with U.S. corporations reflects a strategic vision for Vietnam's future in the global economy.
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