Vietnam urges Japanese companies to expand investment in advanced fields such as semiconductors and AI

On 9 November, To Lam (トー・ラム), Vietnam's General Secretary and President, met with executives of the Japan Business Federation in Tokyo and called on Japanese companies to invest more in advanced fields such as semiconductors, AI, data centers and green energy. A central theme of the meeting was shifting from investment in conventional production bases to strategic partnerships focused on technology development and joint supply-chain development.

The Vietnamese government indicated that it would support Japanese companies' long-term investment through political and social stability, institutional reform and infrastructure development, and called for qualitative improvements in the investment environment and stronger bilateral cooperation. Japanese companies exchanged views on their track record in Vietnam and potential areas of future cooperation, recognizing the importance of substantive cooperation in areas including technology transfer, workforce development and improved management capabilities.

Areas of cooperation included developing highly skilled technology personnel, technology transfer, transport and urban infrastructure, energy development, digitalization and industrial parks. To Lam (トー・ラム) expressed his appreciation for the willingness of Japanese companies to invest and emphasized that economic cooperation between the two countries should deepen into long-term, substantive value creation.

Going forward, Vietnam called for cooperation in building industrial ecosystems in high-tech industries and the semiconductor and AI fields, developing data centers and providing AI solutions, with the aim of creating value jointly. The government pledged institutional reform and infrastructure development to support long-term investment and indicated that it would also work to establish a framework offering transparency and legal stability.