Politics

President hosts CEO of US’s Quantum Group

President Nguyen Xuan Phuc received Arun Savkur, CEO of the US’s Quantum Group on September 22 in New York (local time), witnessing the handover of the cooperation agreement between the group and a Vietnamese joint venture.
President hosts CEO of US’s Quantum Group ảnh 1President Nguyen Xuan Phuc witnesses the handover of the cooperation agreement between the US’s Quantum Group and a Vietnamese joint venture - Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL). (Photo: VNA)
New York (VNA) – President Nguyen Xuan Phuc received Arun Savkur, CEO of the US’s Quantum Group on September 22 in New York (local time), witnessing the handover of the cooperation agreement between the group and a Vietnamese joint venture.

The joint venture was established between the Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL).

At the reception, Savkur said based on its resources and financial strengths, Quantum is committed to making contribution to Vietnam’s development, initially with a series of projects worth 20 - 30 billion USD in total.

Quantum wishes to make large investments across many important fields in Vietnam and to cooperate with Vietnamese partners to build a healthcare system combining the western high technology and the eastern traditional medicine, the CEO said.

He added his company intends to channel capital into building a technology centre for COVID-19 vaccine production in Vietnam.

Praising the US group’s potential and achievement worldwide, President Phuc said they are long-term and strategic projects in Vietnam, and hoped Quantum to promote those on biotechnology research in caring and protecting people's health.

The official requested Vietnam’s ministries of Planning and Investment, Industry and Trade, and Construction assist Quantum and the KBC and SAIGONTEL in successfully implementing their projects in Vietnam.

He stated Vietnamese ministries, sectors and localities will create best conditions possible in terms of administrative procedures and business climate for Quantum to soon launch its investment projects.

Phuc said he wanted Quantum, as a capital contributor of Pfizer, would push the vaccine producer to continue its cooperation in the supply of COVID-19 vaccines to Vietnam.

The State leader highlighted the robust growth of Vietnam – US ties across all spheres and said he believes based on the experience and capacity of and cooperation achievement between Quantum, KB, and SAIGONTEL, the joint venture’s new investment projects will reap further successes in the future./.
VNA
#Vietnam #US #Quantum Group #CEO #Kinhbac City Development Holding Corporation #KBC #Saigon Telecom Technology Joint Stock Company #SAIGONTEL #cooperation #President Nguyen Xuan Phuc
Follow VietnamPlus

Related News

Vietjet, US engine supplier sign 260-million-USD service contract

Vietjet, US engine supplier sign 260-million-USD service contract

President Nguyen Xuan Phuc witnessed the signing of a contract to provide aircraft and engine maintenance service worth 260 million USD between new-generation airline Vietjet and CFM International, on September 21 (local time) in the framework of his on-going working trip to the US.
Vietnam, US step up cooperation in agriculture

Vietnam, US step up cooperation in agriculture

Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and Rural Development (MARD) and the US Grains Council (USGC) in Washington on September 22.

See more

Vietnamese Ambassador to the RoK Vu Ho speaks at the event. (Photo: VNA)

President Ho Chi Minh honoured in RoK on 136th birth anniversary

With Vietnam–Korea ties expanding across multiple fields, he noted that honouring President Ho Chi Minh in the RoK carries significance beyond the overseas Vietnamese. It offers a chance to raise mutual understanding, empathy, and bonds between the Vietnamese and Korean people built on shared values of peace, cooperation, and development.

President Ho Chi Minh works at the Presidential Palace in Hanoi. (File photo: VNA)

Ho Chi Minh Thought guides development path: Top leader

In an article written on the occasion of President Ho Chi Minh’s 136th birth anniversary (May 19, 1890 – 2026), the top Vietnamese leader affirmed that “Ho Chi Minh Thought serves as a guiding light along our development path.”

Vietnamese Ambassador to Venezuela Vu Trung My speaks at the event (Photo: VNA)

President Ho Chi Minh’s enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Standing Vice Chairman of the municipal People’s Committee Nguyen Loc Ha (R) and EU Ambassador to Vietnam Julien Guerrier. (Photo: VNA)

Ho Chi Minh City, EU boast ample room for sustainable development cooperation

Since the establishment of their diplomatic ties in 1990, Vietnam and the EU have deepened the bilateral ties into one of the bloc’s most dynamic and in-depth partnerships with an ASEAN member, Ha noted, adding that the relationship entered a new chapter in January when the President of European Council’s visit upgraded it to a Comprehensive Strategic Partnership.

Deputy Minister of Foreign Affairs Nguyen Minh Hang speaks at a discussion session on reforming multilateral systems and global governance, held on May 15, 2026, as part of the expanded BRICS Foreign Ministers’ Meeting in India. (Photo: VNA)

Vietnam ready to strengthen BRICS connection with Asia-Pacific

Hang called on countries to act responsibly in accordance with international law and the UN Charter; respect the independence, sovereignty and territorial integrity of states; refrain from using or threatening to use force; and settle disputes peacefully through dialogue. She also underscored the importance of ensuring security, safety and freedom of navigation through straits in line with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Vietnamese Minister of Foreign Affairs Le Hoai Trung (centre), DPRK Vice Minister Pak of Foreign Affairs Sang Gil (left), and Vietnamese Ambassador to the DPRK Le Ba Vinh cut the ribbon to open the exhibition. (Photo: VNA)

Photo exhibition highlights Vietnam–DPRK relations

Visitors at the exhibition were moved by historical photographs dating back nearly 70 years, including images of the founding leader of the DPRK Kim Il Sung personally welcoming President Ho Chi Minh and a CPV delegation at Pyongyang’s Sunan International Airport during their visit to the DPRK from July 8–12, 1957. In return, the DPRK leader paid an official visit to Vietnam from November 27 to December 3, 1958.

Illustrative image (Photo: VNA)

Deputy PM calls for substantive assessment of two-tier local administration operations

Chairing a meeting on the development of a scheme to review the first-year operations of the political system’s organisational apparatus and the two-tier local administration model, Tra emphasised that the review must comprehensively and objectively evaluate the nationwide implementation of administrative unit restructuring and the operation of the new local administration model.

Vietnamese Ambassador to Russia Dang Minh Khoi (right) and First Deputy Chairman of the Federation Council of Russia Andrey Yatskin at their meeting in Moscow on May 14. (Photo: VNA)

Key directions for Vietnam–Russia cooperation in 2026

Vietnamese Ambassador to Russia Dang Minh Khoi had a working session with a delegation from the Russian Federation Council led by First Deputy Chairman Andrey Yatskin, in Moscow on May 14, discussing the expansion of multifaceted cooperation in 2026.

Officials from Cao Bang province of Vietnam and Baise city in the Guangxi Zhuang Autonomous Region of China hold talks on May 15. (Photo: VNA)

Cao Bang, China’s Baise city eye to boost all-around cooperation

Cao Bang province of Vietnam and Baise city in the Guangxi Zhuang Autonomous Region of China are exploring a “red tourism” route linking Pac Bo and Meng Mo (China) to promote revolutionary tradition education and strengthen bilateral friendship. They are also stepping up cooperation in human resource development through training exchanges and efforts to improve workforce quality.

Atsaphangthong Siphandone (centre), Secretary of the Vientiane Party Committee and Chairman of the municipal People’s Council, speaks at the working session. (Photo: VNA)

Ho Chi Minh City, Vientiane strengthen cooperation for 2026–2030

Under the MoU, the two sides will strengthen cooperation in politics – diplomacy, security – defence, legal and judicial affairs, economic affairs, education, culture and society, cooperation among mass organisations and socio-political organisations, and development support.

Politburo member and Minister of Foreign Affairs Le Hoai Trung (left) meets with Jo Yong Won, Chairman of the Standing Committee of the Supreme People's Assembly (SPA) and Chairman of the SPA of the Democratic People's Republic of Korea, in Pyongyang on May 15. (Photo: VNA)

Vietnam wishes to unceasingly develop ties with DPRK: Foreign Minister

Jo Yong Won, Chairman of the Standing Committee of the Supreme People's Assembly (SPA) and Chairman of the SPA of the Democratic People's Republic of Korea (DPRK), expressed confidence that under the leadership of the CPV, headed by General Secretary and President Lam, Vietnam will successfully achieve the strategic goals set forth at the 14th National Party Congress.

New Hungarian Prime Minister Peter Magyar (front) at the swearing-in ceremony of the new Government in Budapest on May 12, 2026. (Photo: Xinhua/VNA)

Congratulations to newly-elected Hungarian leaders

Prime Minister Le Minh Hung and National Assembly Chairman Tran Thanh Man on May 15 sent messages of congratulations to Magyar Péter and Forsthoffer Ágnes on their election as Prime Minister and Speaker of the National Assembly of Hungary, respectively.