Prime Minister works with Estonian firms to accelerate projects in Vietnam
The Vietnamese Government, PM Chinh said, will provide all necessary support in accordance with the law to ensure effective and sustainable operations by foreign investors, including those from Estonia.
PM Pham Minh Chinh (R) receives President of Bolt Group Jevgeni Kabanov. (Photo: VNA)
Tallinn (VNA)ꦬ - Prime Minister Pham Minh Chinh met with leaders of several major Estonian corporations in Tallinn on June 6 to boost investment and business cooperation in Vietnam.
At the meetings, PM Chinh introduced the current situation in Vietnam, saying that the country is implementing breakthrough strategies to shift its development model and usher in a new era. He noted that along with reforms to streamline administrative and local administration structures, Vietnam is carrying four key resolutions, collectively referred to as the “four pillars” for national advancement in the new era.
The PM emphasised that Vietnam is striving for GDP growth of 8% or more in 2025 and double-digit growth in the following years, pursuing rapid and sustainable development based on science, technology, innovation, and digital transformation. Vietnam is focusing on developing the private sector, improving the business and investment climate, and facilitating stable, long-term investment by foreign enterprises, he said.
Vietnam guarantees political stability, firmly safeguards its sovereignty, territorial integrity, and security, and continues to improve institutions, infrastructure, and human resources, ensuring a “transparent legal framework, seamless infrastructure, and intelligent workforce” to support businesses, he noted.
The Vietnamese Government, PM Chinh said, will provide all necessary support in accordance with the law to ensure effective and sustainable operations by foreign investors, including those from Estonia. He called for a results-oriented approach from businesses, stating that "commitments must lead to concrete outcomes,” thereby deepening the Vietnam–Estonia relationship in a practical and effective manner.
At the meeting with leaders of Bolt Group, including its President Jevgeni Kabanov, and Vice President Eirini Zaferiatou, they shared that Bolt is currently operating in 55 countries, with 4.5 million drivers serving over 200 million customers.
Bolt has started operations in Vietnam, offering car-hailing, scooter, and motorbike services, as well as food and grocery delivery. The group requested support from the PM to expedite the licensing process for Bolt's activities in the country.
PM Chinh commended Bolt’s business performance and welcomed its role in promoting digital transformation in transport and logistics. He praised the company's planned investments to enhance service quality, create jobs, and contribute to Vietnam's growing sharing economy.
Given the potential of Bolt’s services in a country of 100 million people with rising demand, the government leader noted that he had instructed relevant authorities to streamline administrative procedures and accelerate investment licensing processes as proposed by Bolt. He expressed his confidence in the company’s success in Vietnam and its ability to deliver practical benefits to the Vietnamese people.
The PM encouraged Bolt to adopt a gradual investment approach, starting in major cities and later expanding to other provinces, while enhancing service quality to ensure healthy competition. He also urged the company to explore new business areas, develop digital transformation models, integrate advanced technologies like AI, and share operational experience with Vietnamese agencies and businesses to foster sustainable cooperation and development.
Prime Minister Pham Minh Chinh (R) and 5.0 Robotics CEO and co-founder Carlo Lustrissimi. (Photo: VNA)
Welcoming the Vietnamese PM to the 5.0 Robotics, the firm's CEO and co-founder Carlo Lustrissimi and Sales and Partnerships Development Specialist Ilaria Perla introduced the firm as a young Estonian tech company specialising in compact, affordable, and user-friendly industrial robots, suitable for businesses of all sizes.
The company, which has already deployed its solutions in the UK, Ireland, Australia and other markets, expressed interest in investing in Vietnam, mainly in smart manufacturing, industrial automation, and digital skills development. Notably, 5.0 Robotics aims to launch a project titled "100 robots for 100 talents”, which will see 100 advanced CNC machines provided for 100 Vietnamese SMEs, accompanied by training for 100 local robot technicians.
PM Chinh welcomed the company’s approach, highlighting the alignment between its products and the growing demand among SMEs, particularly in developing countries like Vietnam, for cost-effective, easy-to-integrate industrial automation.
He noted that Vietnam is prioritising science and technology, innovation, digital transformation, and robotics development.
The PM endorsed the company’s investment plan and called on 5.0 Robotics to transfer technology to Vietnam and contribute to building a vibrant innovation ecosystem, particularly in fields such as AI and smart factories. He encouraged the company to support Vietnamese startups in accessing new technologies and training high-quality human resources.
The government leader also urged 5.0 Robotics to partner with Vietnamese tech corporations to jointly develop markets, especially in Europe and ASEAN. Leveraging its strengths and potential, he said the company can "catch up and lead" in key areas and affirm its regional and global presence.
Prime Minister Pham Minh Chinh at a meeting with leaders of Cybernetica. (Photo: VNA)
Earlier, PM Chinh visited Cybernetica - one of the symbols of Estonia's digital economy and a global pioneer in e-government solutions, cybersecurity and digital infrastructure - a major partner of the E-Estonia Centre that the Vietnamese leader visited in the morning of the same day.
Established in 1997 and a successor to the applied research unit of the Institute of Cybernetics under the Estonian Academy of Sciences, Cybernetica is recognised as one of the main architects of e-Estonia, developing the core parts of the e-Estonia ecosystem.
Currently, Estonia is the only country in the world that widely uses Internet voting for legally valid national elections, with a software system developed by Cybernetica.
X-Road is a secure and efficient data exchange platform that enables public agencies and the private sector to exchange information seamlessly and securely - the backbone of Estonian e-government, significantly reducing administrative time and costs.
Today, Cybernetica stands as one of the symbols of Estonia’s digital economy and a global pioneer in e-government solutions, cybersecurity, and digital infrastructure.
The company has implemented e-government solutions in 35 countries, including Japan, Malaysia, Kenya, Benin, and Ukraine. Notably, in Benin, more than 50 government agencies use Cybernetica’s solutions to provide nearly 270 digital public services to people.
At the working session, PM Chinh and the Vietnamese delegation held discussions with Cybernetica on the viability and potential for success in applying such solutions in a country of over 100 million people like Vietnam. The discussions covered topics such as institutional reforms, regulatory frameworks, and legal corridors required for successful implementation; the balance between digitalisation and citizen data protection; public-private partnerships; and investment in digital infrastructure such as cloud services, high-speed internet, and cybersecurity.
The Vietnamese leader noted that he had reached an agreement with the Estonian PM on the establishment of a joint task force between the two countries to continue discussions and support Vietnam in digital transformation, building a digital government, and developing a digital society and digital citizens. He also proposed Cybernetica share its experience and cooperate with Vietnam, contributing to the implementation of agreements between the two governments./.
The centre also showcases technologies, hosts dialogues and consultations, and facilitates experience-sharing and partnership-building. It has welcomed delegations from over 150 countries who came to learn from the e-Estonia model.
Prime Minister Pham Minh Chinh held talks with his Estonian counterpart Kristen Michal in Tallinn on June 6 morning (local time), and then the two leaders witnessed the signing of a number of cooperation documents.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.