President Nguyen Xuan Phuc received Arun Savkur, CEO of the US’s Quantum Group on September 22 in New York (local time), witnessing the handover of the cooperation agreement between the group and a Vietnamese joint venture.
President Nguyen Xuan Phuc witnesses the handover of the cooperation agreement between the US’s Quantum Group and a Vietnamese joint venture - Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL). (Photo: VNA)
New York (VNA) – President Nguyen Xuan Phuc received Arun Savkur, CEO of the US’s Quantum Group on September 22 in New York (local time), witnessing the handover of the cooperation agreement between the group and a Vietnamese joint venture.
The joint venture was established between the Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL).
At the reception, Savkur said based on its resources and financial strengths, Quantum is committed to making contribution to Vietnam’s development, initially with a series of projects worth 20 - 30 billion USD in total.
Quantum wishes to make large investments across many important fields in Vietnam and to cooperate with Vietnamese partners to build a healthcare system combining the western high technology and the eastern traditional medicine, the CEO said.
He added his company intends to channel capital into building a technology centre for COVID-19 vaccine production in Vietnam.
Praising the US group’s potential and achievement worldwide, President Phuc said they are long-term and strategic projects in Vietnam, and hoped Quantum to promote those on biotechnology research in caring and protecting people's health.
The official requested Vietnam’s ministries of Planning and Investment, Industry and Trade, and Construction assist Quantum and the KBC and SAIGONTEL in successfully implementing their projects in Vietnam.
He stated Vietnamese ministries, sectors and localities will create best conditions possible in terms of administrative procedures and business climate for Quantum to soon launch its investment projects.
Phuc said he wanted Quantum, as a capital contributor of Pfizer, would push the vaccine producer to continue its cooperation in the supply of COVID-19 vaccines to Vietnam.
The State leader highlighted the robust growth of Vietnam – US ties across all spheres and said he believes based on the experience and capacity of and cooperation achievement between Quantum, KB, and SAIGONTEL, the joint venture’s new investment projects will reap further successes in the future./.
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NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
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President Nguyen Xuan Phuc witnesses the handover of the cooperation agreement between the US’s Quantum Group and a Vietnamese joint venture - Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL). (Photo: VNA)
