Established in 1976, ADIA is the representative agency managing investment funds of the Government of Abu Dhabi and is also one of the largest investment funds globally with total assets under management of approximately AED 3,045 billion (equivalent to approximately USD 830 billion).
In Vietnam, ADIA invested in The CrownX Joint Stock Company (TCX) through Platinum Orchid Company (owned by ADIA) together with TPG and SeaTown Holdings International to acquire shares (approximately 19%) of Masan Group.
Assessing Vietnam as a country representing good growth and investment diversification in Asia, Mr. Khadem AIRemeithi said that ADIA aims for long-term investments, aiming to optimize profits and economic development for the UAE, in which Vietnam is a market that ADIA is interested in, looking for opportunities and wants to expand investment.
Congratulating and appreciating the role and business results of ADIA in recent times, Deputy Prime Minister Nguyen Chi Dung affirmed that in addition to domestic resources, Vietnam always attaches importance to attracting resources from foreign investment in general and the UAE in particular.
With many outstanding advantages such as strategic geographical location in Asia, stable political foundation, increasingly perfect institutions, strong investment infrastructure, abundant labor force, large, young, intelligent and highly competitive population, Vietnam's economy is transforming and integrating strongly. To date, Vietnam has signed 17 free trade agreements with large-scale economies in the world.
"Vietnam has many favorable conditions for investors to target. International organizations also rate Vietnam as one of the most successful countries in attracting FDI in the past 30 years," Deputy Prime Minister Nguyen Chi Dung emphasized.
Vietnam is restructuring its economy and transforming its growth model with the goal of faster and more sustainable development; shifting to a digital economy, green economy, knowledge economy and attracting high-quality and sustainable FDI.
Calling on ADIA to invest more strongly in Vietnam, the Deputy Prime Minister noted a number of areas with great potential such as semiconductor chip production, infrastructure, investment in financial centers in Ho Chi Minh City and Da Nang, economic zones, and free trade zones.
In particular, the Deputy Prime Minister suggested that ADIA, with its available experience and resources, pay attention to and invest in Vietnam's investment funds, thereby providing practical support to the private sector, science and technology, and innovation in Vietnam.
After listening to the discussion of Deputy Prime Minister Nguyen Chi Dung, Mr. Nasser AIKetbi, CEO of ADIA's stock, expressed his belief that the short-term difficulties due to new developments in the world context will pass. Acting as the strategic investment arm of the Abu Dhabi Government, ADIA focuses on a long-term vision, sustainable development and sees that there is still much room for both sides to promote more investment in the future.
"The Vietnamese Government is ready to dialogue and discuss with the UAE about strategic cooperation. And it is necessary to concretize cooperation into projects, especially projects related to science and technology, innovation, construction and operation of data centers. In particular, ADIA is requested to pioneer, lead and take the lead in the UAE's cooperation with Vietnam," Deputy Prime Minister Nguyen Chi Dung shared.
Regarding the Vietnamese side, the Deputy Prime Minister assigned the Ministry of Finance to discuss with ADIA to provide information on potential projects that the two sides can cooperate on in the coming time./.
Source: https://baolangson.vn/viet-nam-dai-dien-cho-tang-truong-tot-va-da-dang-hoa-ve-dau-tu-tai-chau-a-5043495.html
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