Hosting a reception for Austin in Hanoi on September 21, the Deputy PM said Viet Nam consistently regards the U.S. as one of its strategically important partners and wishes to work with U.S. businesses to deepen the bilateral Comprehensive Strategic Partnership in a substantive and effective manner.
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Deputy Prime Minister Nguyen Van Thang (right) receives Chairman and CEO of U.S.-based R3 Lithium Linh Austin in Hanoi on September 21. |
Viet Nam is pursuing a new development model that identifies science and technology, innovation and digital transformation as key drivers, while prioritizing deep processing, modern technology applications and environmental protection, he noted.
Accordingly, Viet Nam aims to strengthen international integration, including integration into global technology supply chains, and mobilize external resources for development. It is committed to creating favorable conditions for foreign businesses, including U.S. companies such as R3 Lithium, to invest and operate effectively in the country, he said.
Austin welcomed Viet Nam’s increasingly open and favorable investment policies, noting that transport electrification is developing strongly with the number of electric vehicles in use on the rise. He also spoke highly of Vietnamese businesses’ capacity to cooperate and invest in areas where R3 Lithium has strengths.
Highlighting Viet Nam’s commitment to achieving net-zero emissions by 2050, he said R3 Lithium is interested in cooperating with Vietnamese partners in green transition, particularly in battery technology, recycling and processing critical minerals.
The company’s goal is not only to establish a supply chain but also to build an ecosystem for recycling and reusing batteries and critical minerals in Viet Nam, he said.
Welcoming U.S. businesses to invest and operate in Viet Nam, Thang said the Southeast Asian country seeks not merely to attract more investment capital but to establish partnerships based on co-creation.
Under this approach, investment should be linked to research and development, technology transfer, high-quality human resources, improving capacity for domestic businesses, and products with global value, he said.
The Deputy PM expressed his hope that R3 Lithium will make positive contribution to the development of Viet Nam-U.S. relations in the time ahead.
Source: VNA