At a reception in Hanoi on April 18 for Jefferey Perlman, CEO of Warburg Pincus and Chairman of the US-ASEAN Business Council (USABC), PM Chinh praised the fund’s long-term presence and sustainable investment in Vietnam over the past decade, and acknowledged its efforts to expand operations in Ba Ria-Vung Tau and the country more broadly.

He endorsed the proposal by Warburg Pincus and the Ba Ria-Vung Tau provincial administration to invest in a new expressway connecting Long Thanh International Airport to Ho Tram. He encouraged the fund to work closely with relevant ministries and sectors for early implementation, while stressing the project’s strategic importance in boosting regional connectivity, high-end tourism and supporting services, and unlocking the full potential of the Ho Tram project as a major tourism hub.

The Government leader emphasized that Vietnam is a developing, transitioning economy still grappling with the severe consequences of past wars. He expressed hope for continued US support and cooperation to deepen the Comprehensive Strategic Partnership, especially in maintaining stable and sustainable economic and trade relations based on equality and mutual benefit, and expanding cooperation with US investors in Vietnam.

Thanking the US for delaying reciprocal tariff measures to allow time for negotiations, PM Chinh stressed that Vietnam and the US have complementary, not directly competing economies.

Vietnam has largely resolved US concerns, proactively reduced tariffs, increased imports from the US, and is ready to continue discussions aimed at achieving fair and sustainable trade, as shown in the recent To Lam–Donald Trump exchange.

He affirmed there is no reason not to continue enhancing bilateral relations for the benefit of both countries and their peoples. Despite current difficulties, he noted Vietnam has overcome even greater challenges in the past, including wartime hardship, embargoes, the pre-renovation era, and the COVID-19 pandemic.

Vietnam will continue to uphold the spirit of self-reliance and resilience, proactively adapt to and overcome difficulties, and make strong progress. While welcoming support and cooperation from other countries, Vietnam remains committed to protecting its legitimate rights and interests and will not become dependent on external assistance, Chinh told his guest.

The Government leader urged Warburg Pincus to expand and accelerate investment in Vietnam and help mobilize as much capital as possible for both the public and private sectors.

Vietnam will cooperate closely to ensure the most effective use of these resources. He also encouraged the fund to advocate with the US government for solutions that promote bilateral trade and broader cooperation, including recognizing Vietnam’s market economy status and removing it from the list of countries subject to high-tech export restrictions.

Vietnam will continue improving its business environment and stand side by side with enterprises to ensure law-abiding, healthy, and effective operations. The government remains open to feedback and pledges to enhance mutual understanding and cooperation.

For his part, Warburg Pincus CEO Jefferey Perlman said US companies strongly support Vietnam, especially at this critical juncture in the thriving Vietnam–US economic and trade relationship. He affirmed that American businesses see Vietnam as a highly reliable partner and believe in the country’s long-term potential.

Regarding bilateral trade, he noted Vietnam has actively dealt with US concerns and is working to resolve challenges faced by businesses, including US firms, and to further improve the investment environment. In his role as USABC Chairman, Perlman pledged to support mutually beneficial tariff solutions and to continue promoting Vietnam’s potential among global partners and contributing to stronger Vietnam–US relations.

Warburg Pincus is one of the world’s leading investment management firms, overseeing over US$83 billion in assets. Since 2013, the fund has invested over US$2 billion in Vietnam, with notable projects including Vincom Retail, BW Industrial, Techcombank, MoMo, and more recently, The Grand Ho Tram and Xuyen A Hospital.

Warburg Pincus acts as bridge to attract foreign investors to Vietnam

VOV.VN - Warburg Pincus will continue to serve as a bridge to attract more foreign investment to Vietnam, said Deputy Prime Minister Le Minh Khai at a reception for Charles R. Kaye, CEO of the US’ Warburg Pincus LLC, in Hanoi on November 10.