Warburg Pincus acts as bridge to attract foreign investors to Vietnam

At the function, Deputy PM Khai congratulated Warburg Pincus on 10 years of successful operations in Vietnam, adding that Warburg Pincus is one of the leading investment funds in the United States.

Khai emphasised that the country always views the US as one of its most important partners. After 28 years since the normalisation of diplomatic relations, both sides have ramped up co-operative activities in multiple fields and upgraded ties to that of a comprehensive strategic partnership.

Last year saw two-way trade turnover grow strongly, reaching more than US$123 billion and representing a rise of 11% against the same period from 2021.

As of August 20, the US had more than 1,300 valid foreign-invested projects capitalised at US$11.8 billion, ranking 11th among countries and territories injecting money into the Vietnam market.

Deputy PM Khai pointed out that the country’s economic achievements can be linked to Warburg Pincus’ significant contributions, noting that after a decade of operation in Vietnam it has affirmed itself as one of the leading investment funds with a total capital of more than US$2 billion, with this aimed at developing many large enterprises in the country.

For his part, Kaye stated he was impressed by Vietnam's economic achievements in  macroeconomic stabilization.

He also unveiled the fund’s plans to continue expanding investment in the Vietnamese market moving forward, adding that many large US businesses are keen to invest in the country.

Sharing Vietnamese economic development goals moving forward, Deputy PM Khai said the nation is carrying out the socio-economic development strategy for the 2021 to 2030 period with the ultimate goal of becoming a developing country with a modern industry and high average income, as well as a developed and high-income country by 2045.

He underlined the need to fine tune the legal system and to remove obstacle, thereby creating the optimal conditions possible for foreign businesses to operate sustainably in the country.

Khai hailed Warburg Pincus’s successful co-operation with many reputable Vietnamese enterprises, adding that the fund will continue to expand partnerships with local firms and invest successfully in new projects.

He expressed his hope that boasting a large network of customers around the world, Warburg Pincus will continue to serve as a bridge to bring US financiers in particular and foreign investors in general to inject capital into the nation.