Vietnam seeks deeper cooperation with global firms as supply chains shift

He made the remarks in Hanoi during a meeting with leaders of more than 40 international corporations from the Asia Business Council ahead of the Spring Forum 2026 on Asia and the future of global supply chains, according to Vietnam’s Ministry of Foreign Affairs.

Expressing appreciation for the international business community’s contributions to Vietnam’s socio-economic development, he welcomed the council’s decision to hold the forum in Hanoi, which will examine trends reshaping global supply chains.

He said global supply chains are undergoing significant restructuring, with digital transformation and artificial intelligence emerging as new foundations of production and trade.

Businesses, he added, now play a central role in shaping value chains and driving flows of trade, investment, technology and data, while supporting more efficient and resilient global economic connectivity at a time of rising uncertainty.

Highlighting Vietnam’s efforts to improve its investment and business environment, General Secretary Lam insisted on maintaining a stable, transparent, and flexible framework to attract global investment and strengthen the country’s role in global production and supply chains.

Vietnam is ready to work alongside businesses to develop supply chains that are more efficient, greener, more sustainable, and more resilient, while positioning itself as a reliable partner, a responsible member, and an attractive destination in regional and global economic networks.

He underscored development orientations set by the 14th National Party Congress, which outlined Vietnam’s long-term vision and a new development model built on five strategic pillars.

These include institutional reform aimed at creating a modern, transparent and predictable system, along with the development of synchronized and modern infrastructure.

The third pillar focuses on high quality human resource development, drawing on the country’s large population and demographic advantages.

Science, technology, and innovation are identified as key drivers, enabling what he described as a “shortcut and breakthrough” approach to mastering advanced technologies.

The final pillar centers on green and sustainable development, based on a green and inclusive economy and society.

He said Vietnam views the private sector as its most important growth engine, while the foreign-invested sector remains an integral part of the national economy, with both encouraged to expand through cooperation, linkages, and fair competition.

Lam affirmed that Vietnam will support domestic enterprises in strengthening cooperation and business ties with foreign firms.

He added that authorities across the legislative, executive and judicial branches, along with the broader political system, will be directed to create favorable conditions for Vietnamese businesses to grow, deepen international cooperation, and move up regional and global value chains.

Representing the business delegation, Arif P. Rachmat, chairman of the Asia Business Council, thanked the top Vietnamese official for meeting with the group and expressed his admiration for Vietnam’s socio-economic achievements in recent years.

He congratulated Vietnam on the outcomes of the 14th National Party Congress and voiced confidence in the country’s development potential and strategic direction in its next phase of growth.

The corporate leaders said they were impressed by Vietnam’s ability to attract foreign investment and reaffirmed their commitment to contributing to the country’s development in a faster and more sustainable direction as it enters a new stage of growth.

They also pledged to expand both the scale and scope of their investments in Vietnam, with a focus on infrastructure, artificial intelligence, green and clean energy, smart agriculture, supporting industries, logistics, software and financial services, strengthening the nation's role in global supply chains.