|Prime Minister Nguyen Xuan Phuc and SoftBank Chairman and CEO Masayoshi Son (Photo: VNA)
PM Phuc hailed the investment expansion in Vietnam by SoftBank’s the largest financial service group of Japan, saying that Vietnam now has a greatly improved business environment and the fastest economic growth in the region and the world.
SoftBank’s Vision Fund is currently investing US$100 billion globally to facilitate corporate innovation and create new industries and services.
PM Phuc was appreciative of SoftBank’s business performance on regional and global scales, especially in breakthrough technology projects that help improve living conditions of people around the world.
Underlining the importance of the Vietnam – Japan extensive strategic partnership which has delivered benefits to each side, the Vietnamese government leader attributed this to partial contributions by SoftBank via its projects in Vietnam. He also lauded SoftBank’s expansion of partnership with Vietnamese businesses in a multitude of fields.
The SoftBank leader, for his part, said the group has reaped good profits in Vietnam via fund investments and technological companies that yield high added value.
SoftBank injected US$3 billion into Grab, making it a leading transportation services provider in Southeast Asia, particularly in Vietnam, Indonesia, Malaysia and Singapore, he said, adding that the group has also invested in the field of payment.
He suggested that Vietnam should continue drawing foreign investment to reduce risks and attract new technologies to the country.
The Vietnamese cabinet leader glowingly spoke of investment activities of SoftBank and Grab in Vietnam while urging SoftBank to make breakthroughs in the Vietnamese market with major projects in line with the stature of the largest Japanese economic group and the development of Vietnam-Japan ties.
PM Phuc voiced his hope that apart from financial and high-tech transport areas, SoftBank will invest in other realms with high added value, adding that the Vietnamese government will offer the best possible conditions for SoftBank to make successful investment in the country.