At the meeting, Prime Minister Pham Minh Chinh welcomed the delegation of Warburg Pincus' senior leaders to visit and work in Vietnam; highly appreciated the Fund's companionship and sustainable investment over the past decade in Vietnam, including actively supporting the development of the Ho Tram Project in Ba Ria-Vung Tau - one of the largest resort and entertainment complexes in the country, making important contributions to tourism development, job creation and budget contribution.
The Prime Minister acknowledged the efforts and determination of Warburg Pincus in expanding investment in Ba Ria-Vung Tau and Vietnam in general, and highly appreciated the proposal of Warburg Pincus and the People's Committee of Ba Ria-Vung Tau province on investing in the construction of an expressway connecting Long Thanh International Airport with Ho Tram.
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Prime Minister Pham Minh Chinh received Mr. Jeffrey Perlman, CEO of Warburg Pincus Group and Chairman of the US-ASEAN Business Council (USABC). (Photo: TRAN HAI) |
The Prime Minister asked Warburg Pincus to continue to coordinate closely with ministries and sectors to soon implement the project, because this expressway is of great significance in enhancing regional connectivity, promoting the development of high-quality tourism and ancillary service industries, and maximizing the efficiency of the Ho Tram project with its very strategic location and great potential to become a major tourist center.
When constructing this route, the total investment capital of the Ho Tram project can meet the conditions under current regulations to be considered for a number of other favorable policies. The Prime Minister requested that Warburg Pincus Group continue to coordinate closely with the Ministry of Finance, the People's Committee of Ba Ria-Vung Tau province and relevant ministries and branches to report to competent authorities for decision in accordance with legal regulations.
The Prime Minister said that Vietnam is a developing country with a transitional economy that still has to overcome the severe consequences of war. Vietnam hopes to continue to receive support and cooperation from the United States, to strengthen and deepen the Comprehensive Strategic Partnership with the United States, including continuing to maintain and promote stable and sustainable economic and trade relations on the basis of equality and mutual benefit, and to strengthen cooperation with US investors in Vietnam.
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View of the reception. (Photo: TRAN HAI) |
Thanking the US for postponing the reciprocal tax deadline so that the two sides can negotiate, the Prime Minister affirmed that the economic and trade relations between the two countries do not compete directly but complement each other. Up to now, Vietnam has basically addressed the concerns of the US, proactively cut taxes, purchased more goods from the US and is ready to exchange and negotiate with the US on the basis of mutual benefit, towards a sustainable trade balance, as in the spirit of the recent exchange between General Secretary To Lam and President Donald Trump.
The Prime Minister stressed that there is no reason not to continue promoting bilateral relations because both countries have interests and the people of both countries also benefit from this relationship.
According to the Prime Minister, although the current situation is difficult and challenging, it is still not as difficult as the previous difficulties and challenges that Vietnam overcame when carrying out the struggle for national liberation and reunification, the period of siege and embargo, the period before renovation, the Covid-19 pandemic, etc.
Therefore, Vietnam will continue to promote the spirit of self-reliance, self-strengthening, flexible and proactive response to overcome difficulties and challenges and rise strongly. Vietnam needs the support and cooperation of all countries, always respects the legitimate and legal rights and interests of partners, listens to valid opinions but does not depend on that support and cooperation.
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Leaders of several Vietnamese ministries and sectors attended the reception. (Photo: TRAN HAI) |
Stating that Vietnam is in great need of capital for development, the Prime Minister asked Warburg Pincus to expand its investment in Vietnam more and faster, as well as support the mobilization of as much capital as possible for both the public and private sectors. Vietnam will actively cooperate to use this capital with the highest efficiency; asked Warburg Pincus to discuss with the United States appropriate solutions to promote bilateral trade in particular and cooperation between the two countries in general; have a strong voice with the US government to soon recognize Vietnam's market economy status and remove Vietnam from the list of countries with restrictions on high-tech exports.
The Prime Minister said that with the viewpoint of "what is said is done, what is committed must be done", Vietnam will continue to improve the investment and business environment, reform institutions, build infrastructure, develop human resources, cut administrative procedures, reduce time, compliance costs, logistics costs, and enhance competitiveness for businesses. The Vietnamese Government is committed to always accompanying and sharing with businesses, ensuring that businesses operate legally, healthily, and effectively; and is ready to listen to contributions, enhance understanding, and improve cooperation efficiency.
For his part, Warburg Pincus General Director assessed that at an important moment in the Vietnam-US economic and trade relationship, which is developing very strongly, Vietnam still receives strong support from US businesses.
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| Warburg Pincus representatives attended the reception. (Photo: TRAN HAI) |
He affirmed that US businesses consider Vietnam a very reliable partner. Vietnam has been very active in reforming, bringing success in both the short and long term, US investors believe in Vietnam's potential and long-term prospects. Regarding bilateral trade, he assessed that Vietnam has been very active in responding to the concerns of the US side and is continuing to actively remove barriers and obstacles for businesses, including US businesses, improving the investment and business environment to promote stronger cooperation.
He said that Warburg Pincus and he personally, as Chairman of USABC, are always ready to advise and support mutually beneficial solutions on tariffs between Vietnam and the United States; at the same time, they will continue to strongly advocate for other partners on Vietnam's development potential; and actively contribute to the Vietnam-US relationship.
Source: https://nhandan.vn/no-luc-thuc-day-quan-he-kinh-te-thuong-mai-viet-nam-hoa-ky-can-bang-va-ben-vung-post873426.html
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