PM Pham Minh Chinh at a strategic dialogue on unlocking Vietnam's growth potential, Davos, Switzerland, January 21, 2024. (Photo: VNA/Duong Giang)

PM Chinh was speaking at a strategic dialogue on unlocking Vietnam's growth potential to promote investment and innovation for a prosperous future within the framework of the 55th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday. 

To unleash its growth potential and meet strategic goals by 2030 and 2045, Vietnam focuses on renewing traditional growth drivers such as investment, exports, and consumption, while promoting new growth engines, including the digital economy, green economy, circular economy, sharing economy, knowledge-based economy, and creative economy, the PM said, adding that Vietnam considers science, technology, innovation, and digital transformation new drivers for development.

The country is concentrating on implementing three strategic breakthroughs—institutions, infrastructure, and human resources, according to Mr. Chinh.

He said that Vietnam has launched a program to train 50,000 semiconductor engineers, and is committed to ensuring stable power supply through comprehensive solutions, including developing wind power, solar power, nuclear energy, and importing electricity.

The PM urged partners and investors to continue collaborating with Vietnam in priority areas, including providing feedback on institutional development, attracting high-quality investments, building infrastructure, offering financial incentives, conducting research and transferring modern technologies, as well as training and attracting skilled human resources, and improving modern governance capabilities.

Foreign delegates praised the Vietnamese government's determination and commitment to improving the investment environment, saying they will partner with Vietnam and expand investment and business activities in the country as a long-term development strategy.