Prime Minister Nguyen Xuan Phuc invites the US 'big crane' to Vietnam

The Prime Minister affirmed his readiness to listen to the wishes and feedback of US businesses on Vietnam's investment and business environment as well as to answer questions and concerns of investors to facilitate the implementation of projects and business cooperation programs in Vietnam.

Emphasizing the great potential of the Vietnamese stock market - one of the fastest growing markets in the world, the Prime Minister asked US investors and businesses to discuss in detail the remaining issues, which require support and facilitation from the Government, especially in terms of mechanisms and policies.

Expressing his delight at knowing that all US businesses operating in Vietnam want to expand their investment in many fields, the Prime Minister affirmed that Vietnam is ready to support foreign businesses and investors doing business in Vietnam, especially in taking advantage of the potential advantages of technology, available labor force of a large Vietnamese market, and other favorable institutional conditions.

“What worries you most about the investment and business environment in Vietnam?” the Prime Minister suggested. What adjustments does the government need to make so that investors can quickly implement their investment expansion plans in Vietnam?

Emphasizing ideas and initiatives - the most important factors in the era of the 4.0 industrial revolution, the Prime Minister asked everyone to come up with breakthrough ideas for Vietnam's development in any industry or field, which could be 4.0 ideas in finance, education, healthcare or agriculture.

“The important thing is to let me know who is willing to come to Vietnam to turn ideas into reality,” the Prime Minister said, adding that according to forecasts, Vietnam’s economic growth could reach 7% in 2018. Along with that, the macro economy is very stable, with low inflation. There are currently 24,000 foreign investment projects in Vietnam with more than 350 billion USD invested.

Calling on US businesses to invest in Vietnam, the Prime Minister expressed his wish for investors to briefly share their views on how and what the Vietnamese Government can do so that the 4.0 industrial revolution can truly bring benefits and the ability to create breakthrough developments for Vietnam rather than threatening jobs and the risk of falling behind... "We want to hear your opinions on all of that," the Prime Minister expressed.

Mr. Bernerd De Santos - Vice President and CEO of AES Corporation, one of the 200 energy companies with the largest revenue globally, said that the Corporation wishes to participate in the economic development process of Vietnam.

“AES has been investing in Vietnam for 10 years in the power generation sector with a total investment of $2 billion. The Group sees many opportunities for US companies to invest in Vietnam in the renewable energy, gas and liquefied natural gas sectors. Over the past 30 years, Vietnam has developed rapidly, especially Vietnam’s economic reform efforts that have helped Vietnam develop rapidly. Currently, the Prime Minister is playing an important role in promoting Vietnam’s economic development to new heights, especially in the application of information technology, government investment and innovation. We clearly see the Prime Minister’s message of ensuring the maintenance of the macro economy in Vietnam,” said Mr. Bernerd De Santos.

Meanwhile, a representative of GE Global Group expressed his hope that the Government would direct Vietnamese authorities to speed up policy decisions further, creating favorable conditions for investors.

A representative of Medlife Group said that the joint venture with BIDV of Vietnam since 2014 has been quite effective and that Vietnam's non-life insurance business has grown strongly. The Group hopes that the Government will continue to reform state-owned enterprises, especially in the finance and banking sectors, creating favorable conditions for foreign investors to participate in investment.

Motorola representatives want to invest in the field of smart city construction and propose that the Government have a mechanism to support and facilitate this activity... Some other corporations have expressed interest in the field of e-Government and improving customs clearance of import and export goods.

At the seminar, the Prime Minister and a number of Ministers directly answered and clarified issues of concern to investors.

At the end of the discussion, thanking the investors for participating and raising many opinions, Prime Minister Nguyen Xuan Phuc hoped that Vietnam - US cooperation would be comprehensive cooperation, first of all economic and trade cooperation, with priority given to the technology sector.

The Prime Minister affirmed that Vietnam is always open to welcome investors and create conditions for investors to succeed.

On this occasion, Prime Minister Nguyen Xuan Phuc had meetings with Mr. Phil Falcone - Chairman of Harbinger Financial Investment Fund and Mr. Timothy Geithner - former US Secretary of the Treasury, Chairman of Warburg Pincus Investment Fund.

The Prime Minister highly appreciated Harbinger and Warburg Pincus, two financial investment companies with great potential, which have expanded their investment activities in Vietnam, especially in tourism, contributing to economic development and job creation.

The Prime Minister affirmed that the Vietnamese Government always creates favorable conditions for foreign investors, including US investors, through building an equal and favorable investment and business environment for enterprises.

Duc Tuan

Keywords:Government,Prime minister,Nguyen Xuan Phuc,group,business,USA,invest,market,stock,

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