(VOVWORLD) – Vietnam and Europe have great potential for further bilateral investment cooperation, said Prime Minister Pham Minh Chinh at a meeting with European businesses at the Government Office in Hanoi on Sunday.

Prime Minister Chinh encouraged European businesses to expand their operations in Vietnam, viewing the country as a key production and investment hub, helping Vietnam engage more in global supply chains and diversify markets and products.

He proposed European businesses help Vietnamese businesses to grow, calling for greater high-quality investments and technology transfers in key areas such as the digital economy, green economy, circular economy, financial center development, and healthcare.

The Prime Minister reaffirmed Vietnam’s commitment to fostering a favorable business environment for European investors. He assured that foreign-invested economic sectors remain a vital part of Vietnam’s economy and pledged to ensure investors’ legitimate rights and interests in line with the law.

He also emphasized the government’s commitment to ensuring political and social stability, maintaining clear policies, and harmonizing institutions to support sustainable development.

Prime Minister Chinh expressed hope that European businesses would foster stronger collaboration with the Vietnamese government and people, aligning their visions and actions to achieve mutual benefits. He encouraged a spirit of cooperation to drive rapid and sustainable growth.

European business representatives praised Vietnam’s steady improvements in its investment and business environment, saying Vietnam is an increasingly attractive global investment destination. Delegates also expressed strong interest in further investing in Vietnam, particularly in the renewable energy sector, including wind and solar power.