Vice President Vo Thi Anh Xuan received President and CEO of the AIA Group Lee Yuan Siong in Hanoi on August 1, affirming Vietnamese leaders’ readiness to create an optimal environment for foreign firms, including those from the US, to develop.
Vice President Vo Thi Anh Xuan (R) and President and CEO of the AIA Group Lee Yuan Siong at the meeting in Hanoi on August 1. (Photo: VNA)
Hanoi (VNA) – Vice PresidentVo Thi Anh Xuan received President and CEO of the AIA Group Lee Yuan Siong inHanoi on August 1, affirming Vietnamese leaders’ readiness to create an optimalenvironment for foreign firms, including those from the US, to develop.
Congratulating AIA on itspreeminent achievements after over 20 years of operation in Vietnam, Xuan noted the country is working to create an open and stable business climatefor foreign businesses to expand operations.
Vietnam has viewed the foreigninvested sector as an important part of its economy, and it has encouraged foreignenterprises to make more investment, especially in finance, she emphasised.
The Vice President called on AIA to shareexperience in not only insurance but also management of financial investment andresponse to climate challenges and other risks to guarantee sustainableinvestment and development.
Leaders of Vietnam are readyto listen to opinions from foreign firms, including US businesses, so as toensure the best possible environment that matches local laws and internationalpractices for their development, Xuan stressed.
To achieve net zero emissionsby 2050, Vietnam looks to form a practical ecosystem for digitaltransformation, the Vice President said, expressing her hope that foreignpartners, including enterprises from the US, will assist the country to carryout this commitment through manpower training, infrastructure investment, andfinancial support for feasible digital transformation and energy transitionprojects.
She also asked AIA to upholdits sense of social responsibility by increasing charity activities and communitysupport, especially for disadvantaged children and the communities hit hard bythe COVID-19 pandemic.
For his part, Lee highlyvalued Vietnam’s efforts to improve the investment and business climate, and appreciated the favourable conditions provided by the Vietnamese Government,particularly insurance authorities, for AIA.
He noted children, logisticsand health care are among the focuses of AIA, and Vietnam is an importantmarket for the firm to carry out its investment plan.
Voicing his belief in Vietnam’sprosperous development in the future, he added AIA will contribute more to thecountry’s sustainable socio-economic development, especially the activities andprojects for the sake of the local community./.
The Ministry of Industry and Trade (MoIT) will focus on some cooperation fields with the US this year and hopes to receive support from businesses of the country, Deputy Minister of Industry and Trade Do Thang Hai has said when meeting a delegation of the US-ASEAN Business Council (USABC) in Hanoi.
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco.
A delegation of Ho Chi Minh City led by Chairman of the municipal People’s Committee Phan Van Mai met with several enterprises of the US on July 18 - 19 as part of their ongoing working trip to the US.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
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.
Vice President Vo Thi Anh Xuan (R) and President and CEO of the AIA Group Lee Yuan Siong at the meeting in Hanoi on August 1. (Photo: VNA) 
