Vietnamese Prime Minister Pham Minh Chinh (second from right) and US President Joseph Robinette Biden Jr. (second from left) attend the two countries' high-level conference on investment and innovation in Hanoi on September 11.

They made the consensus during a high-level conference on investment and innovation between the two countries in Hanoi, part of the US leader’s State visit to Vietnam on September 10 - 11 at the invitation of General Secretary of the Communist Party of Vietnam Nguyen Phu Trong.

In his remarks, PM Chinh called on both sides’ enterprises to prioritize investment in science - technology and innovation, especially digital transformation, the semi-conductor industry, green growth, renewable energy, climate change fight, and circular economy.

Chinh said Vietnam has set goals to become a developing country with modern industry and high average income by 2030, and a developed and high-income country by 2045. Therefore, it determines that science, technology and innovation is one of the main motivations for national development, he stated.

The Vietnamese Government leader expressed his hope to continue to receive the US business community’s commitments in terms of capital, science and technology and high-quality human resources training to help Vietnam transform its growth model and restructure the economy towards a green, rapid, sustainable and inclusive direction.

Agreeing with Chinh's opinions, Biden spoke highly of Vietnam's development achievements in recent times, stressing he believes that it is time for the US and Vietnam to promote relations in all fields to bring about common prosperity.

The two countries and businesses need to work together to consolidate and advance cooperation in the coming time, he stressed.

The US will cooperate and support Vietnam to seize opportunities and make the most of its potential, he stated, suggesting Vietnam in general and its businesses in particular continue to work closely to promote development in such areas as science - technology, innovation, semiconductor industry, green transformation, climate change response and human resources training, and to participate more deeply in regional and global value chains.