Meeting with CEO of Warburg Pincus Charles Kaye, PM Chinh noted that in the time ahead, it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Vietnam is investing efforts in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, and digital transition, calling on the private equity firm to promote sources of investment into Vietnam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed that the Vietnamese Government is ready to hold dialogue with enterprises so as to field their questions and help them operate successfully in the country, which shows the mutual trust, sincerity, sense of responsibility, and win-win cooperation. He also asked enterprises, including Warburg … [Read more...] about Vietnamese PM receives leaders of U.S. companies in New York
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US company pours 7 billion USD into Indonesia
Jakarta (VNA) - Air Products & Chemicals - a multinational industrial gas and chemicals manufacturer headquartered in the US, has carried out the first phase of its investment in projects worth 7 billion USD in Indonesia over the past two years. According to Bahil Lahadalia, Minister of Investment and head of the Investment Coordinating Board of Indonesia (BKPM), this figure accounts for nearly half of the 15 billion USD investment commitment of the company in Indonesia. The company has poured money in dimethyl ether and methanol production projects in the Balongan district of West Java province. Minister Bahil announced the above information after a meeting between President Joko Widodo and Seifi Ghasemi, President and Chief Executive Officer of Air Products, on May 13 in Washington D.C. According to Bahil, the sides discussed the development of an industry upstream to downstream in the petrochemical sector. He said at the meeting, President Jokowi emphasised the … [Read more...] about US company pours 7 billion USD into Indonesia
PM urges big funds to expand investment in Vietnam
Meeting with CEO of Warburg Pincus Charles Kaye, Prime Minister Pham applauded the effective operation and contribution of the fund in the fight against COVID-19 in Viet Nam. Viet Nam became the third investment destination of Warburg Pincus after China and India. Since 2013, Warburg Pincus has poured nearly US$ 2 billion in leading Vietnamese groups and companies, namely Vingroup, VinaCapital, Techcombank, Becamex, and MoMo. Prime Minister Pham Minh Chinh shakes hands with CEO of Warburg Pincus Charles Kaye, New York, May 15, 2022 - Photo: VGP The Prime Minister said that the Vietnamese Government stands ready to hold dialogue with enterprises so as to help them operate successfully in the country, which shows the mutual trust, sincerity, sense of responsibility, and win-win cooperation. He asked American enterprises, including Warburg Pincus, to fully implement their commitments and directly liaise with relevant ministries and sectors of Viet Nam to expand … [Read more...] about PM urges big funds to expand investment in Vietnam
Norway-Việt Nam to further cooperate in various fields
Norwegian Ambassador Grete Lochen writes to Việt Nam News on Norwegian Constitution Day, celebrated on May 17. Another Norwegian Constitution Day has come. I am very happy but also emotional to share my last address on this day as Norwegian Ambassador to Việt Nam. Norwegians celebrate May 17 as our National Day. On this day in 1814, Norway’s first constitution was signed. The Norwegian constitution is the second oldest in the world still in use. 208 years have passed but the core values of sovereignty of the people, separation of powers and individual rights enshrined in our Constitution remain because they form the backbone of Norway today. Openness, free exchange of opinions, inclusive decision-making processes and effective rule of law are the cornerstones of a modern, dynamic society. Therefore, the Norwegian society understands that we must continue to protect these values actively at home and through our international work. This is more important than ever in a world of … [Read more...] about Norway-Việt Nam to further cooperate in various fields
Together for a sustainable and greener future
Norwegian Ambassador Grete Lochen writes to Việt Nam News on Norwegian Constitution Day, celebrated on May 17. Another Norwegian Constitution Day has come. I am very happy but also emotional to share my last address on this day as Norwegian Ambassador to Việt Nam. Norwegians celebrate May 17 as our National Day. On this day in 1814, Norway’s first constitution was signed. The Norwegian constitution is the second oldest in the world still in use. 208 years have passed but the core values of sovereignty of the people, separation of powers and individual rights enshrined in our Constitution remain because they form the backbone of Norway today. Openness, free exchange of opinions, inclusive decision-making processes and effective rule of law are the cornerstones of a modern, dynamic society. Therefore, the Norwegian society understands that we must continue to protect these values actively at home and through our international work. This is more important than ever in a world of … [Read more...] about Together for a sustainable and greener future
VGreen spreading vast benefits of living greener
VGreen notes that healthier drinks are the party trend of the future A decade ago, “green consumption” was still very new to consumers. This not only made it difficult for businesses and manufacturers in the food and beverage sector but also hindered the needs of customers to access healthy products. Established in 2006, VGreen has been a pioneer in the production of alcohol substitutes with ingredients mainly from fresh tropical fruit and green tea from Vietnam. From the successful experience of producing pure fermented grape wine and juice in the central province of Binh Thuan in 2015, the brand continues to resonate, becoming the pioneer in producing Kombucha tea from Thai Nguyen tea in a cooperation programme with Thai Nguyen Department of Science and Technology. VGreen works with Vietnamese provinces to use their fruit materials Faithful to the mission of building and spreading a safe and healthy lifestyle, VGreen puts quality, sustainable efficiency, and … [Read more...] about VGreen spreading vast benefits of living greener
Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.
The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the Democratic Republic of Vietnam with this untarnishable fact, “All men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the Pursuit of happiness.” This was the spirit enshrined within the 1776 Declaration of Independence of the United States of America; it … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.
PM Chính thanks UNICEF for help in Việt Nam’s successful COVID-19 vaccination rollout
Prime Minister Phạm Minh Chính meets UNICEF Executive Director Catherine Russel in New York on May 16 (US time). — Photo from the Việt Nam Government Portal NEW YORK — Prime Minister Phạm Minh Chính said Việt Nam cherished cooperation with United Nations Children’s Fund (UNICEF) over the past 40 years and its contributions to global efforts protecting and caring for children. He made the remarks while meeting with UNICEF Executive Director Catherine Russel in New York on May 16 (local time) as part of his trip to the US. The Vietnamese PM noted that from a sole recipient of humanitarian assistance, Việt Nam had become a trusted partner of the UN and UNICEF on many fronts. Việt Nam supported UNICEF Strategic Plan for 2022-25 towards 2030, including the emphasis on children’s rights such as every child has the right to study and life skills, to be protected from abuse and violence, to get access to clean water, hygiene and safe environment, etc. – all of which are also the goals … [Read more...] about PM Chính thanks UNICEF for help in Việt Nam’s successful COVID-19 vaccination rollout
Taxi firms call for support as drivers quit
Many taxi companies are calling for support from the government amid rising fuel costs and drivers deciding to resign following the Covid-19 pandemic. Many taxi companies are calling for support from the government amid rising fuel costs and drivers deciding to resign following the Covid-19 pandemic. Nguyen Van Hung has worked as a taxi driver in Hanoi for seven years. He said he has been facing the most difficult time in his career since the Covid-19 pandemic occurred. "Many of our colleagues have turned to other work after continuous social distancing measures were applied for Covid-19 prevention," Hung said. "I've returned to work after the pandemic was recently brought under control. However, we're facing another big challenge coming from rising petrol prices, which is badly affecting our income. The driver said that he was thinking of finding another job. Another driver, Nguyen Thanh Hoang who is working for the app-based Grab Company also said … [Read more...] about Taxi firms call for support as drivers quit
Deploying public-private health plans
Vice chairman Torben Minko How do member companies of the European Chamber of Commerce in Vietnam (EuroCham) evaluate the potential of public-private partnership (PPP) development in Vietnam? Vietnam has a promising opportunity for PPP development with a dynamic population, an increasing middle-income class, and also a rising need for high-quality products and services. Currently, PPPs are not yet applied in the services area. Service-based PPPs can unlock further contributions from the private sector toward an inclusive, forward-looking, and sustainable healthcare system. As such, a legal framework is a key that is conducive to business via a predictable and sustainable environment. EuroCham’s Healthcare Forum includes three sector committees namely Pharma Group (PG), International Quality Medicines (IQMED), and Medical Device Diagnostics (MDDs). The key interests of EuroCham members in PPP include machine installation models in hospitals, addressing public health concerns, … [Read more...] about Deploying public-private health plans