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Many Japanese economic experts have recommended making the 50th anniversary of Vietnam-Japan diplomatic ties a milestone to bring the two countries' relations into a new era by promoting private investment in the nation by Japanese enterprises towards common prosperity between both nations.
OpenAI, which developed ChatGPT, has received a staggering investment of USD 10 billion (£7.8 billion) from Microsoft, while Google has invested USD 300 million in Anthropic.
Boosting both the quality and quantity of foreign investment is being called an imperative for Vietnam as it attempts to improve on 2023 results so far.
Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.
Attracting high-tech foreign direct investment has become a strategic priority for Vietnam as it moves up the value chain and seeks to continue its impressive economic growth trajectory.