PM applauds investment expansion by John Swire & Sons
Prime Minister Pham Minh Chinh received Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24, welcoming the UK-headquartered firm’s continuous expansion of investment and business activities in Vietnam.
PM Pham Minh Chinh (R) receives Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh receivedChairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24,welcoming the UK-headquartered firm’s continuous expansion of investment andbusiness activities in Vietnam.
He called on the over-200-year Swire Group to continue expanding itsoperations in such sectors as aviation, trade and industry, logistics, realestate, health care, and the production, distribution and retail network inVietnam; develop human resources, especially high-quality ones; and consider cooperatingwith local universities and vocational schools.
PMChinh asked the group to increase applying the latest scientific andtechnological advances to its activities; improve the added value and the rateof domestically made components in its products and use supporting technologiesof Vietnam; boost assistance for Vietnamese businesses to join its supply chain;effectively use renewable energy; and harmonise economic targets with socialresponsibility fulfillment, thereby helping Vietnam achieve green growth andsustainable development targets and effectively cope with climate change.
Bradleyintroduced his firm and its long-term plan in Vietnam, highlighting itscommitments to sustainable development, green growth, and circular economy promotion.
Swire Group has operated in Vietnam since 1988 via activitiessupporting oil and gas, tea, aviation, and real estate companies. In January2023, its subsidiary Swire Coca-Cola Limited purchased Coca-Cola Beverages VietnamCo. Ltd, the bottling partner of Coca-Cola in the country. Thanks to that, ithas created over 2,000 direct jobs and 20,000 indirect ones in Vietnam, henoted.
He spoke highly of the increasingly improved investment andbusiness climate in Vietnam and expressed his belief in the success of hisgroup’s operations here.
The group is highly committed to Vietnam and will keep expandingits investments, especially in the fields of aviation and health care, tocontribute more local socio-economic development, Bradley remarked.
Welcomingthe firm’s intentions, PM Chinh affirmed that the Vietnamese Government alwayssupports and protects the rights and legitimate interestsof foreign investors on the basis of interest harmonisation and risk sharing,adding the country considers foreign businesses’ success as its own./.
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Vietnam will continue to build a safe, transparent and highly competitive business and investment environment, enabling businesses and investors, including foreign ones to operate for a long term in the country, stated Prime Minister Pham Minh Chinh while chairing a conference with foreign direct investment (FDI) firms in Hanoi on October 16.
The attraction of large foreign direct investment (FDI) inflows from the US and Europe, especially into industries with high added value such as manufacturing, technology and pharmaceuticals, is a positive signal about Vietnam’s economic development and international cooperation as well as the country's efforts in improving its position on the global value chain, according to Savills Vietnam experts.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
PM Pham Minh Chinh (R) receives Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24. (Photo: VNA) 
