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| General Secretary of the Communist Party of Vietnam (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)__Photo: VNA |
General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President To Lam met with leaders of three major US groups – Warburg Pincus, Boeing and Apple – in New York on the afternoon of September 21 (local time), discussing investment, aviation and technology cooperation.
The meetings took place during the top Vietnamese leader’s trip to the US 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 Lam appreciated the group’s investment and support in many important areas of Vietnam’s economy over the past years.
As Vietnam 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 Vietnam 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 Vietnam.
The leader asked Warburg Pincus to support the development of the international financial centre in Vietnam, modernise the initial public offering and stock-listing market, develop real estate investment trusts (REITs), and mobilise long-term institutional capital for real estate and infrastructure.
General Secretary and President Lam expressed his wish for Warburg Pincus to serve as a bridge, helping US businesses better understand Vietnam’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 centres, financial services, healthcare, logistics and infrastructure assets.
After briefing the Vietnamese leader about the group’s investment cooperation results in Vietnam over the past time. Kaye expressed the group’s desire to expand investment in Vietnam, promote digital industrial infrastructure and sustainable development, and help connect Vietnam’s market with global markets.
Receiving Brendan Nelson, President of Boeing Global and Senior Vice President of Boeing, General Secretary and President Lam spoke highly of the over-three-decade cooperation between Boeing and Vietnam’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 Vietnam.
Vietnam 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.
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| General Secretary of the Communist Party of Vietnam (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)__Photo: VNA |
He called on Boeing to prioritise raising Vietnam’s position in its supply chain, work with Vietnamese agencies and businesses to develop a concrete programme 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 Vietnam, as well as a long-term aviation human resources development programme.
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 digitalisation, flight schedule and fuel optimisation, 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 Vietnam is a promising market with favourable conditions, Boeing plans to expand its operations in the country and serve as a bridge promoting its diplomatic and economic ties with the US.
The company will support Vietnam 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 US partners in aviation, he added.
At a meeting with Apple Executive Chair Tim Cook, General Secretary and President Lam spoke highly of Apple’s presence and contributions to Vietnam, particularly through its network of manufacturing partners, technology supply chains, workforce training, digital services and innovation initiatives.
He noted that Vietnam 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.
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| General Secretary of the Communist Party of Vietnam (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)__Photo: VNA |
The top leader also called on Apple to further promote substantive, long-term and mutually beneficial collaboration with Vietnam, 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 Vietnam’s development potential, young and dynamic workforce and positive cooperation environment.
He expressed Apple’s wish to further expand its presence in Vietnam, reinforce cooperation with domestic partners, develop supply chains, train human resources and contribute to Vietnam’s digital transformation and innovation.
The two sides agreed to maintain exchanges and promote appropriate collaboration programmes in the coming period, thus helping with Vietnam’s development, Apple’s long-term success and the Vietnam–US Comprehensive Strategic Partnership.- (VNA/VLLF)
