Prime Minister calls for breakthroughs in luring foreign investments in new fronts

Pham made the call at a conference held on Tuesday to seek measures to step up international economic integration.

Viet Nam has around one million IT engineers, including nearly 500.000 software engineers capable of working in chip and semiconductor industry, according to Nguyen Van Khoa, Chairman of the Viet Nam Software and IT Services Association (VINASA).

The Prime Minister urged inferior levels to fully tap potential of newly-established partnership frameworks with other countries and the free trade agreements to which Viet Nam is a signatory.

The Government chief also tasked inferior levels to consolidate economic, trade and investment cooperation with major market and partners; expand and diversify markets, focusing on such potential markets such as the United Arab Emirates and Middle East-Africa.

He called for promoting the mobilization of resources from over six million Vietnamese people living and working abroad, and making them an important stakesholder in international economic integration.

Viet Nam has signed 16 free trade agreements and started negotiations on new trade and economic deals with the United Arab Emirates, the European Free Trade Association (EFTA), and the Southern Common Market (Mercosur).

In 2023, international eonomic integration contributed to raising Viet Nam's trade volume with the rest of the world to US$683 billion, trade surplus to US$28 billion, foreign investment inflows to nearly US$36.6 billion, up 32,1 percent against 2022.