Vietnam’s President To Lam has made a significant commitment to enhancing the nation’s semiconductor and artificial intelligence industries during meetings with prominent U.S. corporations in New York. This visit marks his first as Vietnam’s leader, aimed at attracting greater investment from American tech firms and other businesses.
In anticipation of a scheduled meeting with U.S. President Joe Biden later on Wednesday, Lam held discussions with several major companies, including technology giants Apple and Meta, as well as financial powerhouses Blackstone and Warburg Pincus. Images of Lam’s handshakes with representatives from these firms were shared on Vietnam’s government portal.
As the General Secretary of the Communist Party, the highest position in Vietnam, Lam is poised to further his agenda for technological advancement. He is also set to meet with Google later today, confirming earlier reports.
During a meeting on Monday, Meta’s President for Global Affairs, Nick Clegg, revealed plans for the production of virtual reality glasses in Vietnam. While Meta, which boasts tens of millions of Facebook users in the country, has not yet commented, the interest underscores the potential for technological collaboration.
In addition to individual corporate meetings, Lam participated in a business forum where he signed cooperation agreements with U.S. firms focusing on energy, artificial intelligence, and data center development. Notable participants included representatives from Amazon, Visa, Procter & Gamble, and AES.
Ted Osius, head of the US-ASEAN Business Council, highlighted Lam’s determination to expand Vietnam’s tech economy, stating, “He has made it absolutely clear that his presidency and his tenure as general secretary are geared toward growing the tech sector.”
Vietnam views digital transformation as a vital catalyst for entering a new economic era, as emphasized by Lam during his discussions with U.S. companies. This strategic pivot reflects the country’s ambitions to position itself as a key player in the global technology landscape.
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