Prime Minister Pham Minh Chinh suggested that KKR Investment Fund continue to expand its investment in Vietnam, especially in emerging fields such as artificial intelligence, semiconductors, etc.
On the afternoon of December 10, at the Government Headquarters, Prime Minister Pham Minh Chinh received Mr. David Petraeus - one of the co-owners of Kohlberg Kravis Roberts Investment Fund (KKR), USA; and also Chairman of KKR Global Institute, who is visiting and working in Vietnam.
As one of the world's leading investment funds with total assets of 528 billion USD, KKR Investment Fund has invested more than 2 billion USD in Vietnam through investments in corporations such as Masan, Vinhomes, Equest, KiotViet... and most recently Saigon Medical Group (MSG). During his second visit to Vietnam and meeting with the Prime Minister, Mr. David Petraeus hoped to continue promoting cooperation between the two sides.
Welcoming Mr. David Petraeus back to visit Vietnam; congratulating and appreciating the success of KKR Investment Fund globally in recent times and in Vietnam, Prime Minister Pham Minh Chinh said that after Vietnam and the United States became Comprehensive Strategic Partners, bilateral economic and trade relations continued to develop sustainably.
Over the past 20 years, the United States has been Vietnam's largest export market and Vietnam has become the United States' 7th largest trading partner; and is also the largest partner in the ASEAN region. US direct investment in Vietnam is estimated at 11.94 billion USD with over 1,400 projects, ranking 11th among countries and territories with foreign investment in Vietnam.
Believing that the potential for economic, trade and investment cooperation between the two sides is still very large, especially US investment in Vietnam still has much room to continue to grow, the Prime Minister expects US investors to continue to increase new investments and expand investments in Vietnam, so that the US will soon become one of the largest investors in Vietnam.
Providing information on our country's policies, the Prime Minister affirmed that Vietnam is persistent and determined in building an independent, self-reliant, and deeply integrated economy; implementing the 4-no defense policy. Vietnam continues to maintain macroeconomic stability, a peaceful environment, and ensure national defense, security, and social order and safety so that investors can feel secure in cooperating.
Emphasizing that Vietnam is implementing three strategic breakthroughs; attaching great importance to investment projects from US enterprises; ready to listen and dialogue to resolve problems and backlogs, improve the investment and business environment, and create the most favorable conditions for US enterprises to succeed in Vietnam, in the spirit of "harmonizing interests and sharing difficulties," Prime Minister Pham Minh Chinh suggested that KKR Investment Fund continue to increase investment expansion in Vietnam, especially in emerging fields such as artificial intelligence, semiconductors, building an innovative startup ecosystem, digital transformation, renewable energy, etc. At the same time, exchange and coordinate closely with Vietnamese ministries and branches to seek investment cooperation opportunities; connect Vietnam with corporations and partners of KKR Fund around the world to seek opportunities and expand cooperation and investment.
On this occasion, the Prime Minister asked Mr. David Petraeus to speak to the US government about the cooperation situation in Vietnam; asked the US to continue supporting the enhancement of sustainable economic-trade-investment cooperation between the two countries. The US recognized Vietnam as a market economy and abolished restrictions related to high-tech exports to Vietnam, for the common interests of both countries and peoples; did not use trade defense measures against Vietnamese exports or take actions that affect the very good relationship between the two countries.
Recalling President Ho Chi Minh's letter to US President Harry Truman in 1946, wishing to establish full relations with the United States; US President Joe Biden assessed Vietnam-US as a model in healing post-war wounds; US President Donald Trump visited Vietnam twice, including the visit to Hanoi to attend the US-DPRK Summit, Prime Minister Pham Minh Chinh said that Vietnam is ready to continue to be a bridge for the parties to negotiate for peace, cooperation and development.
Thanking Prime Minister Pham Minh Chinh for taking the time to meet him and agreeing with the Prime Minister's opinions, Mr. David Petraeus expressed his joy that after Vietnam and the United States became Comprehensive Strategic Partners, bilateral economic and trade relations continued to develop sustainably. To date, US businesses have invested nearly 12 billion USD in Vietnam.
Congratulating the Vietnamese Government and NDIVIA Group (USA) on signing a cooperation agreement to establish NDIVIA's Artificial Intelligence (AI) Research and Development Center and AI Data Center in Vietnam, Mr. David Petraeus said that KKR Investment Fund has potential and wishes to invest in Vietnam in this field.
Highly appreciating Vietnam's investment environment with abundant human resources, increasingly synchronous and modern infrastructure, stable politics, security and defense, good policy mechanisms and especially the Government's listening to the voice of businesses, Mr. David Petraeus suggested that Vietnam continue to improve the business investment environment, develop infrastructure, cut administrative procedures... so that businesses, including KKR Investment Fund, can confidently invest more effectively, long-term and sustainably./.
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