Nguyen Duy Ngoc, Politburo member and deputy head of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation, chaired working classes with Rosen Partners, Arizona State University (ASU), Meta Platforms, and the Semiconductor Industry Association (SIA) on February 19-20 throughout the framework of Party General Secretary To Lam’s journey to Washington D.C. for the inaugural assembly of the Gaza Board of Peace.
Meeting with Daniel Rosen, CEO of Rosen Partners – a privately held, industry-leading funding agency in the US, Ngoc, who can also be Secretary of the Hanoi Party Committee, welcomed the group’s curiosity in investing in the Vietnamese capital, expressing his hope that the proposed challenge will deliver substantial overseas direct funding (FDI) and superior administration experience in the tourism and leisure sectors.
Mr. Nguyen Duy Ngoc stated that Vietnam lately concluded the 14th National Congress of the Communist Party of Vietnam, which set out long-term growth orientations towards the centenary of the Party and the nation, with an financial technique concentrating on double-digit progress pushed by science, expertise and innovation.
He highlighted Resolution 57-NQ/TW, which promotes enterprise capital insurance policies, together with some pilot funding tasks. The nation has established high-tech parks in Hanoi, Ho Chi Minh City and neighbouring provinces to draw superior expertise tasks in areas resembling synthetic intelligence and semiconductors, he stated.
Providing an summary of Hanoi’s financial efficiency, he stated the town recorded the GRDP progress of 8.16 % in 2025 and contributed roughly one quarter of the nation’s whole finances income. Hanoi is concentrating on 11 % progress from 2026 onward. To realise these objectives, the capital has recognized three strategic pillars, specifically implementing a 100-year grasp plan for the town; selling multi-layered, multi-centered city growth; and strengthening connectivity with surrounding provinces as satellite tv for pc progress hubs. Hanoi can also be proposing particular institutional mechanisms to unlock breakthrough growth insurance policies.
The metropolis is pursuing a long-term imaginative and prescient to develop into a inexperienced, good and globally linked mega-city, whereas sustaining double-digit progress from 2026 to 2045. This purpose requires a brand new progress mannequin primarily based on data, science and expertise, innovation, digital transformation and high-quality human assets, in addition to substantial social funding capital.
Therefore, Hanoi is looking on US firms and firms, notably in monetary funding, city infrastructure, strategic applied sciences, telecommunications, power, healthcare, schooling and high-end tourism, to broaden their presence in the town.
He steered that, past actual property and tourism, Rosen Partners discover alternatives in precedence sectors aligned with Hanoi’s 100-year imaginative and prescient. In analysis and growth, he inspired the agency to contemplate establishing analysis centres in Hanoi, notably on the Hoa Lac Hi-Tech Park.
He affirmed the town’s dedication to constructing a aggressive and clear funding setting, with streamlined procedures, “green-lane” mechanisms, low transaction prices and the appliance of worldwide greatest practices. He added that Hanoi stands prepared to supply clear land and beneficial circumstances for main strategic traders resembling Rosen Partners.
During a working session with Arizona State University (ASU), Nguyen Duy Ngoc welcomed Kevin McGinnis, ASU’s Vice President for Strategic Technology Initiatives, and ASU representatives, commending the college’s continued curiosity in and help for Vietnam in schooling and high-quality workforce coaching, in addition to in science, expertise, innovation and the semiconductor {industry}.
Introducing Resolution 57-NQ/TW to ASU officers, the Vietnamese official emphasised that Vietnam identifies science, expertise, innovation and digital transformation as high essential breakthroughs and key drivers for modernising productive forces, renewing nationwide governance and enhancing financial productiveness, high quality and competitiveness.
He extremely valued progress made with ASU following the January seminar on shaping the way forward for the semiconductor {industry}, and proposed that ASU discover signing cooperation agreements with main Vietnamese cities to speed up semiconductor {industry} growth. Priority areas embody workforce coaching, attraction of main US semiconductor companies to speculate in analysis and growth centres, and growth of collaboration in chip design, synthetic intelligence, packaging and testing, and superior supplies manufacturing.
For Hanoi, he stated the town plans to deepen cooperation on a semiconductor workforce growth programme, specializing in joint coaching, analysis and ecosystem constructing with semiconductor enterprises. Proposed initiatives embody curriculum growth, school capability constructing for universities and faculties in Hanoi, analysis partnerships, and collaboration with main Vietnamese universities to advertise superior semiconductor schooling and analysis.
He referred to as on ASU and main US semiconductor firms to prioritise funding and superior expertise growth at Hoa Lac Hi-Tech Park. He famous that Hanoi and Ho Chi Minh City host main, respected universities able to piloting a “university-based enterprise” mannequin, fostering innovation ecosystems inside college campuses.
Reaffirming Hanoi’s dedication to making a clear and business-friendly funding local weather, he pledged that the town will undertake particular mechanisms and insurance policies to help companions in analysis, coaching, funding and challenge implementation in Vietnam. He expressed confidence that cooperation with US companions and ASU in specific would obtain new breakthroughs in the approaching interval.
At a working session with representatives from Meta Platforms on February 19, Nguyen Duy Ngoc expressed his pleasure at assembly Chief Global Affairs Officer at Meta Joel Kaplan.
He appreciated the group’s robust curiosity in cooperation, funding and presence in Vietnam, together with its gadget manufacturing actions and negotiations on a memorandum of understanding (MoU) on strategic cooperation with the Ministry of Science and Technology.
He stated the present context presents a well timed alternative for either side to raise their ties to a long-term strategic expertise partnership.
The Vietnamese official famous that Resolution No. 57-NQ/TW promotes a shift in mindset and implementation mechanisms by permitting pilot schemes for brand new points, accepting acceptable enterprise funding dangers, and fostering the event of analysis institutes and universities into robust analysis actors; intently linking analysis, utility and coaching, thereby strengthening substantive connections among the many State, companies, analysis institutes and universities.
In prioritising strategic applied sciences, the nation’s listing of strategic applied sciences has recognized semiconductor chips and associated product teams, together with specialised chips, AI chips and Internet of Things (IoT) chips, he added.
Based on assessments of potential and room for increasing cooperation, Nguyen Duy Ngoc referred to as for stronger funding cooperation with Meta in the approaching interval to develop a national-scale Vietnamese-language dataset, a transfer he stated will each safeguard nationwide digital sovereignty and enhance Vietnam’s international connectivity and competitiveness.
He proposed that Meta help Vietnam in constructing and standardising a nationwide Vietnamese-language dataset to type a unified knowledge platform for Vietnamese-language AI programs, with the goal of finishing a complete dataset for large-scale AI fashions by the tip of 2027. The cooperation, he famous, will assist deliver AI into sensible utility throughout day by day life and manufacturing in Vietnam.
He additionally steered Meta help Vietnam in fine-tuning globally standard foundational AI fashions into specialised purposes suited to native circumstances, language, tradition and the authorized system of the nation; present technical help; share worldwide expertise in deployment, security assurance and AI danger governance; supply common expertise updates; proceed supporting digital and AI abilities coaching for youth and labourers affected by AI and automation; assist Vietnamese small- and medium-sized enterprises develop e-commerce; and coordinate efforts to fight faux information and on-line fraud.
He reaffirmed Vietnam’s welcome and appreciation for Meta’s funding actions in the nation, saying cooperation with the group goals to additional concretise the Comprehensive Strategic Partnership between Vietnam and the US.
At a gathering with representatives from the Semiconductor Industry Association (SIA) on February 20 (native time), he spoke extremely of the affiliation’s strategic position as a consultant of firms accounting for about 99 % of US semiconductor {industry} income and roughly 50 % of the worldwide market, serving as a key coverage and technique hub for the US chip {industry}.
He stated Vietnam’s orientation for growing the semiconductor {industry} has been clearly set out in Resolution No. 57-NQ/TW, which identifies mastering strategic applied sciences as a core process, with semiconductor chip expertise included in the listing of strategic applied sciences alongside specialised chips, AI chips and IoT chips.
Mr. Nguyen Duy Ngoc famous that the Vietnamese Government has permitted a method for semiconductor {industry} growth via 2030, with a imaginative and prescient to 2050, specializing in human assets and industrial capability. Key targets embody coaching greater than 50,000 engineers and graduates for the sector; constructing design capabilities with at the least 100 design companies; step by step growing meeting, check and packaging (ATP) capability with at the least 10 amenities; and researching the institution of at the least one small-scale chip manufacturing plant.
On behalf of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation, he proposed cooperation with SIA in workforce coaching and mutual recognition of certifications, notably short-term programmes in ATP for STEM college students in Vietnam, probably via US universities resembling Arizona State University, whereas selling direct hyperlinks between SIA member firms, together with Intel, Marvell and Amkor, and key universities to align graduate output with actual {industry} demand. He additionally steered cooperation in advising on the advance of the authorized framework and insurance policies to draw R&D funding.
He extremely appreciated the dear coverage recommendation and cooperation proposals with Vietnam from SIA President and CEO John Neuffer, expressing hope for shut coordination in the interval forward.
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