The meetings took place during the top Vietnamese leader’s trip to the U.S. to attend the High-Level General Debate of the 81st Session of the United Nations General Assembly and conduct bilateral activities.
Meeting Chairman of Warburg Pincus Chip Kaye, General Secretary and President To Lam appreciated the group’s investment and support in many important areas of Viet Nam’s economy over the past years.
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General Secretary of the Communist Party of Viet Nam (CPV) Central Committee and President To Lam (right) meets with Chairman of Warburg Pincus Chip Kaye in New York on the afternoon of September 21 (local time). |
As Viet Nam is entering a new development phase, the country needs quality, long-term capital accompanied by advanced management, technology, international networks and support for domestic businesses to improve their regional competitiveness, he said, adding these are the areas where Warburg Pincus has a lot of experience and can make a real contribution.
The leader encouraged Warburg Pincus to expand investment in the fields where it has strengths and Viet Nam has major needs, including industrial and logistics infrastructure, digital infrastructure, financial services and fintech, technology, high-quality healthcare and emerging sectors.
He also called on the group to help develop large Vietnamese companies with stronger management capabilities, improve their access to international capital markets and contribute to building a modern financial and investment ecosystem in Viet Nam.
The leader asked Warburg Pincus to support the development of the international financial center in Viet Nam, modernize the initial public offering and stock-listing market, develop real estate investment trusts (REITs), and mobilize long-term institutional capital for real estate and infrastructure.
General Secretary and President To Lam expressed his wish for Warburg Pincus to serve as a bridge, helping U.S. businesses better understand Viet Nam’s development orientations, investment environment and new cooperation opportunities.
Kaye said Warburg Pincus focuses on long-term investment in businesses with growth potential, supporting strategy, governance, market expansion and operational efficiency. The group plans to expand investment in sectors with strong long-term prospects, including AI, digital infrastructure, data centers, financial services, healthcare, logistics and infrastructure assets.
After briefing the Vietnamese leader about the group’s investment cooperation results in Viet Nam over the past time. Kaye expressed the group’s desire to expand investment in Viet Nam, promote digital industrial infrastructure and sustainable development, and help connect Viet Nam’s market with global markets.
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General Secretary of the Communist Party of Viet Nam (CPV) Central Committee and President To Lam (right) meets with Brendan Nelson, President of Boeing Global and Senior Vice President of Boeing, in New York on the afternoon of September 21 (local time). |
Receiving Brendan Nelson, President of Boeing Global and Senior Vice President of Boeing, General Secretary and President To Lam spoke highly of the over-three-decade cooperation between Boeing and Viet Nam’s aviation sector. He said the current foundation of collaboration is strong enough for the two sides to move beyond aircraft orders and individual projects toward the higher goal of jointly developing a high-value-added aviation ecosystem in Viet Nam.
Viet Nam aims to gradually develop internationally competitive capabilities in aviation industry, engineering, services and human resources, moving from being a major market of Boeing to becoming a higher-value industrial, technical and service partner within the firm’s global ecosystem, he stressed.
He called on Boeing to prioritize raising Viet Nam’s position in its supply chain, work with Vietnamese agencies and businesses to develop a concrete program to increase the number of Vietnamese companies qualified to join its supply chain, gradually increase procurement and production value in the country, and help local businesses meet international standards on quality, safety, traceability and production management. He also proposed developing maintenance, repair and overhaul (MRO) capabilities and aviation technical services in Viet Nam, as well as a long-term aviation human resources development program.
The General Secretary and President also expressed his wish for Boeing to continue sharing expertise and coordinating with Vietnamese agencies and businesses to improve flight safety standards, aircraft fleet and data management, predictive maintenance and maintenance digitalization, flight schedule and fuel optimization, operational efficiency, air traffic management and operational capacity, aviation management and technical training, as well as fuel efficiency and emissions reduction.
Nelson said that as Viet Nam is a promising market with favorable conditions, Boeing plans to expand its operations in the country and serve as a bridge promoting its diplomatic and economic ties with the U.S.
The company will support Viet Nam in aircraft research, assessment, maintenance, repair and overhaul, expand training schools for pilots and engineers, assist Vietnamese authorities in air traffic management, and promote the country's cooperation with U.S. partners in aviation, he added.
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General Secretary of the Communist Party of Viet Nam (CPV) Central Committee and President To Lam (right) meets with Apple Executive Chair Tim Cook in New York on the afternoon of September 21 (local time). |
At a meeting with Apple Executive Chair Tim Cook, General Secretary and President To Lam spoke highly of Apple’s presence and contributions to Viet Nam, particularly through its network of manufacturing partners, technology supply chains, workforce training, digital services and innovation initiatives.
He noted that Viet Nam is entering a new development phase in which science – technology, innovation, digital transformation, green transition, and the development of the private sector are key growth drivers. In this context, it hopes major technology corporations, including Apple, will continue to accompany the country, expand cooperation and make greater contributions to strengthening its technological capabilities and human resources, and enhancing its position in global value chains.
The top leader also called on Apple to further promote substantive, long-term and mutually beneficial collaboration with Viet Nam, not only by expanding production and business activities but also by contributing to the development of the innovation ecosystem, enhancing local businesses' capabilities, training engineers and technology experts, and helping the country participate more deeply in global technological supply chains.
Cook, for his part, spoke highly of Viet Nam’s development potential, young and dynamic workforce and positive cooperation environment.
He expressed Apple’s wish to further expand its presence in Viet Nam, reinforce cooperation with domestic partners, develop supply chains, train human resources and contribute to Viet Nam’s digital transformation and innovation.
The two sides agreed to maintain exchanges and promote appropriate collaboration programs in the coming period, thus helping with Viet Nam’s development, Apple’s long-term success and the Viet Nam–U.S. Comprehensive Strategic Partnership.
Source: VNA