Vietnam, US promote cooperation in AI, semiconductor
AI and semiconductors have been identified as core sectors for development by both Vietnam and the US in the coming decade, thus contributing to balancing trade and investment between the two countries.
Deputy Minister of Finance Cao Anh Tuan holds a working session with Intel Corporation. (Photo: VNA)
Washington D.C. (VNA)ܫ – A delegation from Vietnam’s Ministry of Finance held key meetไings with senior leaders from Intel Corporation and Meta Platforms Inc. to promote strategic cooperation in the fields of artificial intelligence (AI) and semiconductor.
These meetings took place as part of the delegation's working trip to the US and its participation in the 2025 SelectUSA Investment Summit.
AI and semiconductors have been identified as core sectors for development by both Vietnam and the US in the coming decade, thus contributing to balancing trade and investment between the two countries.
Deputy Minister of Finance Cao Anh Tuan met with Sarah Kemp, Vice President for International Government Affairs at Intel on May 13 (local time). Tuan praised the corporation’s nearly two decades of sustained investment in Vietnam. Intel Products Vietnam (IPV) is currently Intel’s largest global facility for semiconductor assembly and testing, accounting for over 50% of the company’s chip testing output and contributing more than 90 billion USD in export value since 2010.
Tuan also highlighted Intel’s leadership in partnering with Vietnam’s National Innovation Centre (NIC) through the “AI for All” initiative, a groundbreaking programme aimed at promoting AI literacy and training over 10,000 high-quality personnel in AI and semiconductor technologies. He also cited the “AI for the Public Sector” programme as a vital step in advancing Vietnam’s e-government agenda.
He encouraged Intel to explore Vietnam’s incentive policies for establishing research and development (R&D) centres, particularly at the Hoa Lac Hi-Tech Park, with the aim of building Intel’s Asia core technology hub in Vietnam.
Deputy Minister Cao Anh Tuan (8th, right) and members of the working delegation pose for a photo with representatives of Intel Corporation. (Photo: VNA)
In response, Sarah Kemp commended Vietnam’s timely response to recent US reciprocal tariff policies at both the government and business levels. She expressed appreciation for Vietnam’s support for high-tech investors since 2006 and noted that the Ministry of Finance has always treated Intel’s policy recommendations and concerns with respect and seriousness. These, she said, provide a strong foundation for Intel’s long-term development in Vietnam.
The same day, the delegation held a working session with Molly Montgomery, Director of Public Policy at Meta, who emphasised Vietnam as as important market for Meta, particularly as global manufacturing continues to shift to Vietnam./.
According to the Foreign Investment Agency, as of April 30, Vietnam had run 252 investment projects in the US, with a total capital of 1.36 billion USD.
During the meeting, US delegates expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favourable investment climate. They proposed Vietnam continue enhancing its business environment by addressing bottlenecks in administrative procedures, non-tariff barriers, taxation, and fees, while ensuring infrastructure conditions, transparency, and rules of origin
Imports from the US are predicted to rise sharply in the coming months as large Vietnamese enterprises are accelerating purchases from the North American market in efforts to balance bilateral trade.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
