Hope Abbott Group invests in developing pharmaceutical industry in Vietnam

Prime Minister Pham Minh Chinh received Mr. Robert Ford, Chairman of the Board of Directors and General Director of Abbott Corporation, USA. (Photo: Tran Hai)

At the reception, Prime Minister Pham Minh Chinh said that in its foreign policy, Vietnam considers the United States one of its leading partners; wishes to promote the Vietnam-US Comprehensive Partnership to become more substantive and effective, on the basis of respecting each other's independence, sovereignty, territorial integrity and political institutions.

The Prime Minister thanked the US Government in general, US businesses and Abbott Corporation in particular for supporting Vietnam in the prevention and control of the Covid-19 pandemic; highly appreciated the practical and effective contributions of Abbott Corporation to Vietnam's economic development and Vietnam-US relations.

The Prime Minister was delighted with the remarkable development of the Vietnam-US bilateral relationship in recent times; emphasizing that the US is Vietnam's largest export market and Vietnam has become the US's 7th largest trade partner, as well as the largest partner in the ASEAN region.

Informing President Robert Ford about the Government's policies and guidelines, the Prime Minister said that Vietnam consistently develops rapidly and sustainably based mainly on science and technology, innovation and digital transformation; builds a fair, transparent and stable business environment, and effectively resolves administrative procedures.

Vietnam considers people as the center, subject, driving force and resource of development. Therefore, the Vietnamese Government is very interested in investing in ensuring nutrition, pharmaceuticals and medical equipment to take care of people's health.

The Prime Minister affirmed that the Government is always ready to listen to the opinions of businesses, including US businesses; wishes and creates favorable conditions for businesses to expand investment and business, especially in the fields of digital transformation, digital economy, manufacturing and processing industry, healthcare, high technology, high-quality human resource training, etc.

Appreciating Abbott Group's efforts to bring modern medical technologies to the Vietnamese market, the Prime Minister asked the Group to continue expanding investment, upgrading the quality of drug manufacturing plants, and developing the pharmaceutical industry in Vietnam.

The Prime Minister called on US and other foreign businesses to invest in Vietnam; support Vietnam in developing and implementing professional guidelines on nutrition in hospitals; provide nutrition training and supervise nutrition activities for hospitals; build model nutrition departments in some hospitals; raise public awareness of the role of nutrition in preventing and fighting diseases such as cancer, obesity, cardiovascular disease, diabetes, etc.

Abbott President Robert Ford expressed his impression of Vietnam's achievements in national development, especially in recovering and developing the economy and society after the Covid-19 pandemic, as well as the Government's open policies, listening and understanding towards businesses.

He said that Abbott is a global healthcare corporation with a long history, currently present in 160 countries around the world.

Abbott entered Vietnam in 1995. Currently, Abbott has two pharmaceutical factories in Vietnam. Believing that Vietnam has great potential for developing clinical research and large-scale pharmaceutical production, Chairman Robert Ford said that Abbott Group will continue to invest long-term in Vietnam and will cooperate closely with Vietnam in the areas the Prime Minister has commented on.

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