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Prime Minister invites US businesses to invest in energy and digital transformation in Vietnam

On May 11 (local time), Prime Minister Pham Minh Chinh received leaders of a number of large US businesses and corporations within the framework of his working visit to the US and the United Nations.

Boeing can participate in developing Vietnam’s aviation ecosystem

Receiving Mr. Marc Allen, Strategy Director and Senior Vice President, Strategy and Business Development of Boeing Corporation, Prime Minister suggested that Vietnam’s aviation sector will develop very strongly in the coming time and Boeing can participate in developing Vietnam’s aviation ecosystem.

The Prime Minister highly appreciated Boeing’s cooperation and support in the operation of Boeing’s aircraft in Vietnam and welcomed and supported the plan to expand facilities in Vietnam to supply raw materials and learn about the facilities. technology cooperation association.

The Head of Government proposed the Group to open warranty, maintenance and other works in Vietnam; has a long-term cooperation policy and has specific incentives to help domestic enterprises overcome difficulties at this time. Thereby, making an important contribution to promoting cooperation between Vietnam and the US.

The Prime Minister also wanted the Group to cooperate with the Vietnamese side in the spirit of “said to do”.

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Prime Minister Pham Minh Chinh asked Boeing to open a warranty, maintenance and other work facility in Vietnam. Photo: Nhat Bac

Mr. Marc Allen said that Boeing is interested in supporting Vietnam in the process of digital transformation and sustainable development. This group also wants to expand facilities in Vietnam to supply raw materials and explore opportunities for technology cooperation, connecting with airlines…

Next, the Prime Minister received leaders of Asia Group and Blackstone, GenX and AES corporations.

Leaders of corporations expressed interest in energy conversion projects in Vietnam and wished to invest more to support Vietnam in implementing its commitments on responding to climate change at COP 26.

The Prime Minister welcomed the energy conversion proposals of corporations and businesses; clarify a number of issues related to energy development orientation and electricity planning of Vietnam.

The Prime Minister affirmed that Vietnam builds an independent and self-reliant economy, including ensuring a large balance in energy, while actively integrating deeply, effectively and efficiently.

Vietnam has not yet announced its electricity master plan VIII because it has to adjust many contents to fulfill its commitments at COP 26, including a commitment to net zero emissions by 2050.

The Prime Minister said that the development of energy projects should be based on the principle of harmonizing benefits and sharing risks, especially on price issues so that both sides “win”.

In particular, the Prime Minister suggested investors focus on researching and investing in wind power, solar power, and tidal power, which are energy sources with great potential for development in Vietnam.

“Hopefully investors can quickly implement projects in accordance with the law with the support of ministries, branches, agencies, and both sides to quickly resolve procedures,” said the head of the Government of Vietnam. speak.

Deploy projects that are contagious

Receiving Mr. Axel Van Trotsenburg, CEO of the World Bank (WB), the Prime Minister suggested that in the coming time, cooperation between the two sides should focus on the fields of energy transformation and digital transformation; large transport infrastructure projects such as highways and coastal roads; climate change response projects in the Mekong Delta, the Central region; poverty reduction; improve medical capacity…

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Prime Minister Pham Minh Chinh presents the World Bank CEO’s gift. Photo: VGP/Nhat Bac

Vietnam will soon work with the World Bank in Vietnam to implement specific projects, select projects with spillover effects, and hope that these projects will have suitable incentives, flexibility, and the longest loan term. with the best interest rates. At the same time, Vietnam will support the World Bank to implement policy pilots in Vietnam to ensure loans are as effective as possible.

The Prime Minister suggested the two sides continue to reform procedures, fight negativity and corruption in project implementation.

The World Bank’s Director General said that the agency wants to strengthen cooperation with Vietnam in the post-pandemic recovery and development process, especially in the context of the global recovery process facing difficulties due to tensions and conflicts. conflicts in some places and raw material prices, inflation increased in many countries, national resources were reduced in the process of disease control.

The problem with Vietnam is that it is necessary to balance between the large energy needs for development and the requirements for sustainable development. The WB is very interested in supporting Vietnam in its process of becoming a middle-income country and reaching higher levels in the value chain; many countries can learn many areas of Vietnam such as electrification.

Thu Hang (From Washington DC)

The US is ready to support Vietnam to effectively develop the stock and real estate markets

The US is ready to support Vietnam to effectively develop the stock and real estate markets

At the proposal of Prime Minister Pham Minh Chinh, the US Treasury Secretary pledged to be willing to share experiences and support Vietnam to effectively develop the stock market and real estate market.

Minister of Information and Communications and former US Ambassador Ted Osius awarded a digital technology cooperation agreement

Minister of Information and Communications and former US Ambassador Ted Osius awarded a digital technology cooperation agreement

Minister of Information and Communications Nguyen Manh Hung and former Ambassador Ted Osius, President and CEO, US-ASEAN Business Council awarded cooperation agreements in the fields of information and communication technology, digital technology.

Prime Minister: Vietnam does not choose sides, but chooses justice, fairness, and reason

Prime Minister: Vietnam does not choose sides, but chooses justice, fairness, and reason

“Vietnam does not choose a side, but chooses justice, fairness, justice and righteousness on the basis of principles of international law and the United Nations Charter; equality, mutual benefit, win-win.” Prime Minister affirmed.

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