The meeting took place as part of President Cuong's working trip to attend the High-level General Debate of the 80th Session of the United Nations General Assembly (UNGA 80) and engage in bilateral activities in the U.S. from September 21-24.
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State President Luong Cuong (right) meets with Chief Executive Officer of Warburg Pincus Jeffrey David Perlman. |
President Cuong laid stress on Vietnam’s resolve to deepen its Comprehensive Strategic Partnership with the U.S. and maintain stable and sustainable economic-trade ties for the benefits of the two countries’ businesses and people. He called on Warburg Pincus to leverage its position as one of the U.S.'s leading and most influential investment funds to make concrete contributions to advancing Vietnam - U.S. cooperation.
The State leader affirmed Vietnam's support for Warburg Pincus's specific proposals and recommendations regarding investment cooperation initiatives, encouraging the fund to engage in detailed discussions with Vietnamese partners to implement these proposals effectively and expand investment activities in the Southeast Asian country.
The Vietnamese Government always treasures and creates favorable conditions for capable foreign investors, expressing his confidence that Warburg Pincus will remain a strategic partner and contribute to Vietnam’s sustainable economic growth.
For his part, Perlman highlighted Warburg Pincus as the world’s oldest private equity, a leading Wall Street company, and a leading global growth investor with over 115 billion USD invested in over 1,000 companies worldwide.
Gratefully acknowledging the Vietnamese State and Government's consistent support for foreign enterprises, including Warburg Pincus, he said that the fund has invested over 2 billion USD in Vietnam in recent years, establishing itself as the largest private investment fund operating in the country.
According to Perlman, digital infrastructure development has emerged as one of the fund's key focus areas, expressing his desire to support Vietnam in building a high-tech data centre aligned with the country's strategic development orientation.
As the Chairman of the U.S. - ASEAN Business Council, Perlman noted his regular collaboration with Vietnamese partners, helping promote Vietnam's image and role among international enterprises.
Perlman hailed Vietnam’s progress in administrative reforms and its implementation of the two-tier local administration model, which, he said, has enabled a more favorable investment climate. He expressed his hope that the fund will continue receiving support from the Vietnamese government for effective operations in the Southeast Asian country.
Source: VNA