Vietnam PM seeks higher quality tech investments from Chinese firms 

HANOI, Aug 27 (Reuters) - Vietnamese ‌Prime Minister ​Le Minh ​Hung has called on Chinese businesses investing in Vietnam to shift toward higher quality, technology-driven ventures including artificial ‌intelligence, 5G and semiconductors.

• Hung urged businesses to turn ⁠high-level agreements into concrete projects, especially in rail links, logistics, clean energy and ‌advanced technology including AI, semiconductors, ‌5G and big data, according to a government statement on Thursday.

• China's involvement in 5G and AI in Vietnam is controversial ​as the U.S. and Vietnam's Western partners have repeatedly urged the country to shun Chinese technology over security concerns.

• Hanoi recently ⁠shifted its approach to China's 5G, sealing deals for the network rollout with Huawei and ​ZTE. In 2020 Vietnam had joined the U.S. government's "Clean Network" initiative committing not to using 5G equipment ​from the two Chinese companies.

• The U.S. ‌is also planning to tell partners that they should pick a side in the AI race with ⁠China.

• Hung told Chinese investors in Hanoi that the next phase of cooperation should not be about the amount of investment, but its quality ⁠and impact.

• "Chinese companies should treat Vietnam as a long-term investment, production and business ​base, while bringing more advanced technology," the statement cited Hung as saying on Wednesday.

• Chinese investors have launched more than 7,100 projects in Vietnam with ‌combined registered capital of $37 billion, mainly in manufacturing, infrastructure, energy, electronics and technology, making Beijing the sixth-largest ‌foreign investor in Vietnam, official data showed.

• The investment has risen ⁠in recent years and in ‌the first seven ​months of 2026, newly pledged Chinese investment grew 31.5% from a year earlier.

(Reporting by Phuong Nguyen; Editing by ‌Martin Petty)

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