Prime Minister Pham Minh Chinh met with leaders of global investment firm Kohlberg Kravis Roberts (KKR) and Visa Group in New York during his trip to the US. At a meeting with Joseph Bae, Co-Chief Executive Officer of KKR, Mr. Chinh asked the firm to share its experience and offer proposals to Vietnam. Joseph Bae said KKR wishes to expand its operation in real estate, infrastructure, digital transformation, food, consumer goods and technology in Vietnam.
Vietnam is an attractive market for investors with incentives rolled out by the government, along with its favourable geographical location, and young, dynamic population, he noted. Vietnam is also the destination for many added value services, Joseph Bae added.
Mr. Chinh asked for KKR’s policy consultations and support in technology and personnel training, and suggested the firm increase its presence in Vietnam to enhance the cooperation.
The same day, the Vietnamese PM met with Alfred Kelly, Chairman and CEO of Visa Inc., a global digital payments company. Lauding Visa’s operation in Vietnam over the past 20 years, Chinh emphasised that the firm has played a role in the development of card payment in Vietnam, called on the firm to expand its investment, work on new products, foster its partnerships with local commercial banks, and further engage in restructuring, digital transformation and financial development in Vietnam.
The PM showed his support for cooperation between Visa and the Vietnamese government in financial reform and cashless payment development, suggesting the company coordinate with the State Bank of Vietnam (SBV) to help with the implementation of the 2021-2025 project on cashless payment development in Vietnam.
At a meeting with the leaders of Standard & Poor, Prime Minister Chinh said that Vietnam has strictly handled violations to develop a safe, transparent, efficient, and sustainable capital market. He asked S&P to assist Vietnamese enterprises in credit rating. The Prime Minister also discussed with Citigroup leaders about the possibility of promoting cooperation in non-cash payments, capital market development, climate change response, and energy transition.
Source: VOV5