Vietnam is committed to macro-economic stability and the best possible conditions for foreign investors in the country, including Goldman Sachs, Prime Minister Nguyen Xuan Phuc has stated.
Andrea Vella from Goldman Sachs (L) and Prime Minister Nguyen Xuan Phuc (Source: VNA)
Hanoi (VNA)𝐆 – Vietnam is committed to macro-economic stability and the best possible conditions for foreign investors in the country, including Goldman Sachs, Prime Minister Nguyen Xuan Phuc told head of the US-based multinational investment banking firm’s Asia division Andrea Vella, during a reception in Hanoi on April 26.
The PM hoped that as a leading investment bank, Goldman Sachs will share its experience with Vietnam as well as partner with Vietnamese banks and firms, to build Vietnam into an investment destination in the region.
Vietnam needs substantial and long-term capital for infrastructure and encourages direct investment or public-private partnership in rural development and climate change adaptation, he stated.
He hoped that Goldman Sachs will become involved in the equitisation of domestic enterprises as well as in mergers and acquisitions, affirming that Vietnam welcomes investors who come to learn about the market on the basis of respecting Vietnamese law and benefiting both sides.
Vella, for his part, hailed Vietnam as an economic success story, saying that its political stability and continuous economic growth are wooing investors globally.
He said Goldman Sachs is calling for investment and cooperation in Vietnam’s infrastructure ramp-up and working to ensure various projects’ success.
According to him, the giant bank is interested in environmental protection and expects to devise a report assessing the environment impacts of infrastructure projects so as to ensure sustainable development and local livelihoods.
Earlier, Vella was received by Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh.-VNA
US-based multinational investment banking firm Goldman Sachs is committed to lasting cooperation with Vietnam by constantly seeking long-term international funds for the country’s development.
At the working session, General Secretary Lam presented the Party Committee of the VFF and central mass organisations with the Politburo’s Decision No. 304-QD/TW, which outlines the new structure, functions and tasks of the VFF Central Committee, marking a significant step in improving its organisational effectiveness.
Describing the exhibition as a large-scaled, content-rich, and unprecedented event with high requirements and limited preparation time, PM Pham Minh Chinh urged all ministries, sectors, and localities to participate with the highest sense of responsibility, ensuring the exhibition is inclusive, objective, truthful, feasible, and impactful.
Vietnam’s attendance reaffirms its consistent foreign policy of independence, self-reliance, multilateralisation and diversification, and comprehensive, intensive, extensive and effective international integration.
Cheng stressed that this is third time PM Chinh has attended the meeting and he is among the few senior government officials participating in this year's event, which is considered as a rare and commendable gesture.
The fact that the Vietnamese PM has been invited to attend and speak at this important event for three consecutive years reflects the WEF as well as the international business community's recognition and high regard for Vietnam's position, role, and contributions to global and regional economic growth.
This new era marks a crucial phase in which the country must strive with determination to fulfil its strategic objectives, achieving breakthrough development at new levels of sophistication, quality, and global standing, laying the foundation for further growth. Era after era forms a continuous history of development, ascending steadily from one level to the next.
The resolution on such mechanisms aims to serve as a legal basis for opportunely dealing with difficulties and hindrances caused by legal regulations in important, priority, and urgent areas that require immediate settlement so as to unlock resources, facilitate economic development, and turn legislation into a competitive edge.
PM Pham Minh Chinh instructed chairpersons of the People’s Committees of provinces and centrally-run cities to strictly follow the Ministry of Finance's guidelines on handling public finances and budgets, with a focus on preventing wastefulness, misconduct, or corruption.
Knapper reaffirmed the US's commitment to supporting a strong, independent, prosperous and resilient Vietnam, while respecting each other’s territorial integrity, sovereignty, independence and political systems.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
Andrea Vella from Goldman Sachs (L) and Prime Minister Nguyen Xuan Phuc (Source: VNA)
