KKR's total investment in Vietnam is in excess of US$1.5 billion.
David Petraeus, a partner in the global investment firm Kohlberg Kravis Roberts (KKR) and chairman of the KKR Global Institute, praised Vietnam on December 14 for its advantages in attracting foreign capital.
Prime Minister Pham Minh Chinh (right) meets with David Petraeus, a partner at global investment firm Kohlberg Kravis Roberts (KKR) and chairman of the KKR Global Institute, on December 14. Photo: VGP |
In a meeting with Prime Minister Pham Minh Chinh, David said Vietnam has talented leaders with strategic vision who have steered the nation through difficulties and challenges.
He praised the Vietnamese government and people for developing a well-established economy, a strong market, and a high-quality workforce and entrepreneurial community.
The Chairman of KKR Global Institute said that KKR's investments have paved the way for Vietnamese companies to go global.
He reiterated that Vietnam will remain one of the most important markets for KKR, especially in the areas of digital transformation, green transition, renewable energy, circular economy, and shared economy.
The American businessman also expressed his satisfaction that Vietnam and the US have made significant progress in their relations.
For his part, Prime Minister Pham Minh Chinh welcomed David's visit to Vietnam on the occasion of the 10th anniversary of the Vietnam-US Comprehensive Partnership.
PM Chinh highly appreciated KKR investment fund, which has invested more than US$1 billion in Vietnam in recent years, and expected the US fund to expand its portfolio in the country and contribute to strengthening bilateral relations.
He said that economic and trade relations are the drivers of Vietnam-US relations, while innovation and advances in science and technology are the spearheads for the two nations to reach new heights.
Chinh suggested that developed countries and their businesses should help developing countries solve current challenges, such as climate change, by providing both technical and financial tools, and by improving their human resource development and governance skills.
KKR should mobilize the US government to recognize Vietnam as a market economy soon and remove barriers to technology transfer, the Prime Minister said.
He recommended that KKR continue to work with Vietnamese authorities and its global partners to expand its business in Vietnam.
"The Vietnamese government always welcomes KKR and other international companies and offers them the best conditions," he said, adding that their successes are also Vietnam's successes under the principle of "shared risks, mutual benefits".
KKR is the US-based global investment fund that operates 33 offices worldwide and has poured a total of $545 billion into 280 investees. The global firm has total assets of $470 billion.
Other News
- Vietnam news in brief - May 16
- Opening of National Assembly session in five days' time
- Russia fully supports Vietnam's entry into BRICS: Ambassador
- Vietnam news in brief - May 15
- Deputy Foreign Minister pledges support for Vietnamese nationals in Warsaw
- Prime Minister Pham Minh Chinh encourages Chinese investment in green economy
- Vietnam news in brief - May 14
- Vietnam news in brief - May 13
- Vietnam: "Slow travel" by train becomes a trend
- Vietnam news in brief - May 12
Trending
-
Deputy PM orders gold market inspected this week
-
Vietnam news in brief - May 17
-
Russia fully supports Vietnam's entry into BRICS: Ambassador
-
Hanoi's 70th liberation anniversary literary and art contest launched
-
Japanese duo of illusionists to wow audiences in Vietnam
-
Walking tour to experience public arts in the heart of Hanoi
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage
-
Hanoi's oldest book street preserving the city's reading culture