On the afternoon of December 10, at the Government Headquarters, Prime Minister Pham Minh Chinh received Mr. David Petraeus - one of the co-owners of the Kohlberg Kravis Roberts (KKR) Investment Fund, USA; and also Chairman of the KKR Global Institute, who is visiting and working in Vietnam.
As one of the world's leading investment funds with total assets of 528 billion USD, KKR Investment Fund has invested more than 2 billion USD in Vietnam through investments in corporations such as Masan, Vinhomes, Equest, KiotViet... and most recently Saigon Medical Group (MSG).
During his second visit to Vietnam and meeting with the Prime Minister, Mr. David Petraeus wished to continue promoting cooperation between the two sides.
Prime Minister Pham Minh Chinh said that after Vietnam and the US became Comprehensive Strategic Partners, bilateral economic and trade relations continued to develop sustainably.
The Prime Minister expects US investors to continue to increase new investments and expand investments in Vietnam, so that the US will soon become one of the largest investors in Vietnam.
Emphasizing that Vietnam is implementing three strategic breakthroughs; attaching great importance to investment projects from US enterprises; ready to listen and dialogue to resolve problems and backlogs, improve the investment and business environment, and create the most favorable conditions for US enterprises to succeed in Vietnam. In the spirit of "harmonizing interests and sharing difficulties", Prime Minister Pham Minh Chinh suggested that KKR Investment Fund continue to increase investment expansion in Vietnam, especially in emerging fields such as artificial intelligence, semiconductors, building an innovative startup ecosystem, digital transformation, renewable energy, etc.
On this occasion, the Prime Minister asked Mr. David Petraeus to speak to the US government about the cooperation situation in Vietnam; requested the US to recognize Vietnam as a market economy and remove restrictions related to high-tech exports to Vietnam, for the common interests of both countries and peoples; not to use trade defense measures against Vietnamese exports or take actions that affect the very good relationship between the two countries.
Agreeing with the Prime Minister’s opinions, Mr. David Petraeus expressed his delight that after Vietnam and the US became Comprehensive Strategic Partners, bilateral economic and trade relations continued to develop sustainably. To date, US businesses have invested nearly 12 billion USD in Vietnam.
Congratulating the Vietnamese Government and Nvidia Corporation (USA) on signing a cooperation agreement to establish Nvidia's Artificial Intelligence (AI) Research and Development Center and AI Data Center in Vietnam, Mr. David Petraeus said that KKR Investment Fund has potential and wishes to invest in Vietnam in this field.
Highly appreciating Vietnam's investment environment with abundant human resources, increasingly synchronous and modern infrastructure, stable politics, security and defense, good policy mechanisms and especially the Government's listening to the voice of businesses, Mr. David Petraeus suggested that Vietnam continue to improve the business investment environment, develop infrastructure, cut administrative procedures... so that businesses, including KKR Investment Fund, can confidently invest more effectively, long-term and sustainably.
