Vietnam-US Relations: A Meeting of Minds
On the afternoon of June 20th, Vietnamese Prime Minister Pham Minh Chinh met with Mr. Antoine Colin, Senior Vice President of HP Inc. (USA), responsible for global digital transformation and supply chain.
Mr. Colin expressed his confidence in the Vietnam-US relationship, believing that both nations will find a mutually beneficial solution to tariff issues. HP pledges its support for Vietnam during this negotiation process.
The tech giant’s local plant was established swiftly, taking only six months to become operational. HP now collaborates with over 40 suppliers in Vietnam and seeks to further expand its production capacity, investing between $2-3 billion.
Mr. Colin affirmed HP’s strategy to build an ecosystem and supply chain in Vietnam and the region, adapting to new situations. They plan to invest more aggressively, accelerating technology transfer and innovation. HP aims to increase the production volume of PCs, printers, and introduce new AI-integrated products like laptops.
A Mutual Beneficial Partnership: Vietnam and HP’s Shared Vision
Prime Minister Chinh and Mr. Colin discuss potential areas of investment for HP in Vietnam. Source: VGP
Prime Minister Chinh appreciated HP’s investment and contributions to Vietnam’s economic development and bilateral relations. He welcomed HP’s expansion plans and suggested they continue dialogues with the Ministry of Finance and other relevant ministries during the creation of guiding documents. The government encourages large-scale, high-tech investments with advanced technology transfers.
The Prime Minister requested HP to expand its investments and encourage other businesses and partners to invest in Vietnam, especially in areas with high cooperation potential and national priorities such as high technology, sustainability, and AI. He also urged HP to advocate for a mutually beneficial tax policy with the US.
Regarding the issue of foreign contractor taxes, the Prime Minister assured that Vietnam’s National Assembly and Government are committed to resolving business obstacles. They are working on legislation that is practical and in line with international norms.
HP has a global presence with over 50,000 employees across 180 countries. Source: Nikkei
HP is a world-leading technology company specializing in PCs, printers, and 3D printing. With a revenue of $55 billion, they employ over 50,000 people globally.
Retail Revolution: From “Full Cart” to “Full Shelf”
In the highly competitive world of modern retail, where every inch of shelf space matters, timely product placement is critical. A delay of a few days in getting products on those shelves can cost businesses not just revenue but also the loyalty of their customers.
Tapping Into Foreign Investment: Diversifying Vietnam’s Capital Sources Beyond Bank Loans
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“Regarding the concerns raised by the Delegates on the financial matters, Governor Nguyen Thi Hong of the State Bank of Vietnam reassured that the country’s external debt and public debt remain within safe limits. She emphasized that there is still room to attract more foreign capital, thus reducing the domestic economy’s reliance on bank credit as a primary source of funding.”
The Master Wordsmith: Unveiling VinFast’s Million-Dollar Plan
“This is a well-grounded plan and we are confident in our ability to execute it effectively. Our team is committed to delivering even stronger strategies moving forward.” – Ms. Hai asserted.
The World’s Leading Conglomerates Eye Vietnam’s Billion-Dollar Railway Projects, Prime Minister Emphasizes a Key Point
On the morning of June 11, local time (afternoon the same day in Hanoi), Prime Minister Pham Minh Chinh met with leaders of several leading corporations and businesses in France and Europe in Paris.
A New Strategic Impulse for Vietnam-US Trade Relations
During his recent visit to Washington D.C., Minister of Industry and Trade Nguyen Hong Dien held a series of significant meetings with the President of the US-ASEAN Business Council and leaders of prominent American businesses and associations. The primary objectives of these engagements were to foster bilateral trade relations, advocate for market economy recognition, and encourage further investment in Vietnam.
