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PM calls on large U.S. firms to invest in VN

VGP – Prime Minister Nguyen Xuan Phuc affirmed that Viet Nam always opens the door to investors and creates favorable conditions for them to do successful business, during his talks with 40 large groups of the United States, such as IBM, AIG, AES, GE, AT&T, and Walmart, in New York on September 27.

September 28, 2018 11:25 AM GMT+7

Photo: VGP

Addressing the event, U.S. investors showed their optimism about the business opportunities and outlook in Viet Nam, voicing their belief in the drastic efforts of PM Nguyen Xuan Phuc and his Government in improving the investment environment and promoting the development of infrastructure and the digital economy in the country.

Bernerd De Santos, Senior Vice President and CEO of energy giant AES, stated that his group wishes to be involved in Viet Nam’s economic development process.

Meanwhile, a representative from GE Global asked the Vietnamese Government to direct its functional agencies to accelerate the policy making process aiming to create favorable conditions for investors.

A Medlife representative hailed the strong growth of Viet Nam’s non-life insurance industry, urging the Vietnamese Government to continue reforming State-own enterprises, especially in the fields of finance and banking, thus enabling foreign firms to participate in and make investments.

A Motorola representative expressed the company’s wish to invest in the area of smart city building, asking the Vietnamese Government to offer support mechanisms in the issue. Some other groups showed their interests in the spheres of building e-Government and improving the customs clearance of imports and exports.

Photo: VGP

During the talks, PM Nguyen Xuan Phuc and some Vietnamese ministers directly answered and clarified the issues raised by the U.S. investors. 

On the occasion, PM Phuc received Phil Falcone, Senior Managing Director of Harbinger Capital, and Timothy Geithner, former U.S. Secretary of Treasury and Director of Warburg Pincus.

The PM highly appreciated Harbinger Capital and Warburg Pincus – the two major financial investment companies – for having expanded their investment in Viet Nam, especially in tourism, thereby contributing to the country’s economic development and job generation.

He affirmed that the Vietnamese Government always creates favorable conditions for foreign investors, including those from the U.S., via building a fair and favourable business and investment environment for enterprises.

Leaders of the two U.S. firms expressed their pleasure to meet PM Nguyen Xuan Phuc in the U.S., voicing their belief in Viet Nam’s growth potential as well as economic development policies of the Vietnamese Government. They pledged to continue long-term investment in Viet Nam.

                                                                                                             By Vien Nhu