Hanoi pledged to give the best support to Vietnam's biggest investor to put its R&D Center into operation as planned.

Although foreign medicines are likely to dominate in the near future, domestic companies have begun investing in research & development (R&D) activities to build up infrastructures that meet international standards.

FDI companies, including Foxconn Vietnam, Heesung Electronics, Goertek Technology, Mitac Computer, and Luxshare ICT Vietnam, consider Hanoi as an ideal investment destination for hi-tech projects.

The government would continue to hold majority stakes at state-owned commercial banks, and maintain presence in companies operating in fields that are essential to the economy.

Vice Chairman of Samsung Lee Jae-yong is set to meet Prime Minister Nguyen Xuan Phuc during his trip to Vietnam.

Vietnam only has 10 years to turn things around, as the country’s population starts aging by 2030, Minister of Planning and Investment Nguyen Chi Dung has said.

The Vietnamese government hopes multinationals, including Intel, to support Vietnamese enterprises in joining global value chains.

South Korean firms operating in Vietnam are the best example of the strong Vietnam – South Korea relations, according to the Vietnamese prime minister.

TTI wants to attract 180 – 200 local firms to join its supply chains to generate a combined revenue of US$2.5 billion per year.