Friday, April 28, 2017 - 9:26:29

President: Vietnam welcomes GE Group’s investment expansion

VNA Print

President Tran Dai Quang (R) and GE Chairman Jeffrey R. Immelt (Source: VNA)

Hanoi (VNA) – Vietnam welcomes the US General Electric (GE) Group’s plan to expand its investment in energy, aviation, and medical equipment in Vietnam, which are sectors in need of foreign investment, President Tran Dai Quang said.

Meeting with GE Chairman Jeffrey R. Immelt in Hanoi on April 14, the President praised the GE’s operation in Vietnam, saying that the group has made practical contribution to the Vietnam-US economic, trade and investment cooperation, thus boosting the bilateral comprehensive partnership.

He stressed that Vietnam is focusing efforts on reforming all sectors and changing its growth model in order to create a new impetus for socio-economic development and international economic integration, and facilitate foreign investors, including those from the US.

President Quang expressed his belief that the economic, trade and investment cooperation between Vietnam and the US will drive bilateral relations forward.

Vietnam always wishes to promote win-win cooperation with the US in a practical, comprehensive, stable and long-term manner on the basis of mutual respect for each other’s political institutions, the President reiterated.

He mentioned President Donald Trump’s letter, which affirmed that he will work to boost cooperation on economics-trade and security with Vietnam and coordinate to seek solutions to regional and international issues while considering attending the 25th APEC Summit in Vietnam.

The APEC 2017 presents opportunities for the two nations’ Governments and enterprises to strengthen cooperation, President Quang said, suggesting that GE and other US firms continue investing in Vietnam and pushing the US Government to strengthen the win-win economic-trade relations. He also called on US businesses to support Vietnam in hosting APEC 2017, including funding the APEC Business Advisory Council (ABAC 2017).

He appreciated the letter that GE sent to US Secretary of State Rex Tillerson to call on him and the US President to attend the APEC Vietnam 2017.

For his part, GE Chairman Jeffrey R. Immelt informed his host that GE has invested in a factory producing wind and steam turbines generators to supply to the group’s subsidiaries in Vietnam and across the world.

He said the GE highly valued Vietnamese workers’ creativity and diligence, saying that they contribute to the success of the group.

He also pledged to do his utmost to call on US President Donald Trump to attend the APEC Vietnam 2017.-VNA  
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