Politics

Prime Minister welcomes foreign investors

Prime Minister Nguyen Xuan Phuc hosted receptions for Mike Spanos, CEO of the Asia, Middle East, and North Africa unit of the US-based PepsiCo, Inc.; and Sarath Ratanavadi, founder and CEO of Thailand’s Gulf Energy Development, in Hanoi on August 14.
Prime Minister welcomes foreign investors ảnh 1Prime Minister Nguyen Xuan Phuc (R) welcomes Mike Spanos, CEO of the Asia, Middle East, and North Africa unit of the US-based PepsiCo, Inc. (Photo: VNA)

Hanoi (VNA) – Prime Minister NguyenXuan Phuc hosted receptions for Mike Spanos, CEO of the Asia, Middle East, andNorth Africa unit of the US-based PepsiCo, Inc.; and Sarath Ratanavadi, founderand CEO of Thailand’s Gulf Energy Development, in Hanoi on August 14.

The PM congratulated PepsiCo – an Americanmultinational food, snack, and beverage corporation – on its successfuloperations in Vietnam in recent times.

He spoke highly of the cooperation betweenPepsiCo Vietnam and the Ministry of Agriculture and Rural Development by their foundinga public-private partnership group on fruits and vegetables in 2010.

This helped create a sustainable supply chainbased on collaboration, promoting trade development, as well as opening upopportunities to raise living standards for hundreds of farm households –contributing to the sustainable development of cultivation in Vietnam.

PM Phuc hailed the US firm for expanding itscultivation area of potato in Vietnam’s Central Highlands province of Lam Dong from55 hectares to over 450ha, while also supporting farmers with cultivationskills that can help them increase their output three times the average level.

He expressed hope that PepsiCo Vietnam will continueto study processing in order to create high added-value products made fromartichoke, a specialty in the Central Highlands city of Da Lat, and bring itsproducts to the company’s distribution chains.

The leader suggested PepsiCo expand cooperationwith the Ministry of Agriculture and Rural Development and Vietnamese farmhouseholds to create new products that make use of Vietnam’s natural advantages,such as with potato, artichoke, and tea.

Spanos said Vietnam is one of the company’s top20 priority markets across the globe, and eighth in the Asian-Middle Eastern-NorthAfrican region.

PepsiCo has invested over 500 million USD inVietnam over the past five years, attracting about 3,000 workers. It is currently implementing cooperation programmes withVietnamese farmers and supporting over 580 farm households.

The company is keen to do long-term business inVietnam in the field of food and beverages, among others, the official said.

While receiving Sarath Ratanavadi, PM Phuc reaffirmedthe Vietnamese Government has always created the best conditions for foreignbusinesses to invest in the country. This is one of the reasons why many Thaifirms have chosen to enter the Vietnamese market, which currently operate 492projects worth 10 billion USD, he noted.
Prime Minister welcomes foreign investors ảnh 2Prime Minister Nguyen Xuan Phuc (R) receives Sarath Ratanavadi, founder and CEO of Thailand’s Gulf Energy Development (Photo: VNA)

The PM underlined Vietnam’s policy of discouraginginvestment in coal-fired thermal power generation, but welcoming investment inrenewable and clean energy.

Vietnam needs more abundant energy to meet thecountry’s economic development, he said, adding that this is a good opportunityfor the Thai company.

Sarath Ratanavadi said his business has startedto invest in Vietnam through a solar power project with a capacity of 100MW.

The company plans to continue investing in thefield of energy to increase electricity for Vietnam, as well as draw moreinvestors, he said, adding that it is also able to provide water for theindustrial sector. –VNA
VNA
#Prime Minister Nguyen Xuan Phuc #US-based PepsiCo #Inc. #hailand’s Gulf Energy Development #beverage #food #public-private partnership group #fruits #vegetables #farm households #vietnamplus #Vietnam News Agency Thailand United States
Follow VietnamPlus

Related News

Vietnamese, Thai publishers seek partnerships

Vietnamese, Thai publishers seek partnerships

The Thai Embassy in Vietnam and the Publishers and Booksellers Association of Thailand co-organised a networking event in Hanoi on May 22 to connect Vietnamese and Thai publishing companies.
Vietnamese firms face uphill task to export farm produce to Thailand

Vietnamese firms face uphill task to export farm produce to Thailand

A delegation of 30 Vietnamese enterprises, mostly from Ho Chi Minh City and southern provinces, attended the recent Thaifex, the leading food, beverage and food technology in Thailand, to introduce outstanding farm produce of Vietnam in the market at a hope to export more products to the country.

See more

NA Vice Chairman Nguyen Duc Hai speaks at the event (Photo: VNA)

NA Vice Chairman inspects election preparations in Ca Mau

National Assembly (NA) Vice Chairman Nguyen Duc Hai, who is also a member of the National Election Council, called on Ca Mau authorities to ensure local communes and wards regularly update and clearly post voter lists as required, ensure timely allocation of funds for the grassroots level, maintain public safety and order, and provide social welfare support for those eligible, especially as the Lunar New Year holiday draws near.

Former Deputy Foreign Minister and former Vietnamese Ambassador to Cambodia Thach Du (Photo: VNA)

Public expectations grow ahead of 14th National Party Congress

The attainments gained over 40 years of Doi moi come as the essence of the perseverance in independence, self-reliance, as well as the solidarity and creativity of the entire nation, said former Deputy Foreign Minister and former Vietnamese Ambassador to Cambodia Thach Du.

National Assembly (NA) Vice Chairman Tran Quang Phuong speaks at the working session with representatives of Quang Tri province. (Photo: VNA)

NA Vice Chairman inspects election preparations in Quang Tri

National Assembly (NA) Vice Chairman Tran Quang Phuong, member of the National Election Council, asked Quang Tri to continue implementing all steps in line with legal regulations, including establishing election teams within the timeframe prescribed in the election law, and organising the 2nd and 3rd consultative conferences to finalise the lists of candidates no later than February 20, 2026.

Politburo member and standing member of the Party Central Committee’s Secretariat Tran Cam Tu speaks at the meeting of the Party Organisation of the VFF and central mass organisations (Photo: VNA)

Fatherland front asked to better serve as political nucleus in strengthening great national unity

The Party Organisation of the Vietnam Fatherland Front and central mass organisations was urged to further enhance effectiveness and innovation, broaden public participation in the great national unity bloc, strengthen the close bond between the Party, local authorities and the people, and make a meaningful contribution to the successful implementation of the 14th National Party Congress’s Resolution and the country’s renewal and development cause.

National Assembly Vice Chairman Nguyen Duc Hai speaks at the January 12 working session to inspect preparations for the elections of deputies to the 16th legislature and People’s Councils at all levels for the 2026-2031 term in the southern province of Ca Mau. (Photo: VNA)

NA Standing Committee inspects election preparations in Ca Mau

In Ca Mau, 13 candidates have been introduced for the National Assembly, 73 for the provincial People’s Council, and 1,469 for commune-level People’s Councils. The provincial election committee has designated five NA constituencies and 18 constituencies for People’s Councils at provincial and commune levels.

Vietnamese association in Thailand elects leadership for 2026–2028 term (Photo: VNA)

Vietnamese community in Thailand elects new executive board for 2026–2028 term

Established in July 2012 under the Thai Government approval, the Association of Vietnamese in Thailand currently has 26 local chapters and a women’s committee, and has played an active role in preserving cultural identity, supporting community development, and fostering people-to-people ties between Vietnam and Thailand.

National Assembly Chairman Tran Thanh Man speaks at the event (Photo: VNA)

National Assembly Standing Committee convenes 53rd session

NA Chairman Man said the 53rd session will review and approve two resolutions on specific matters relating to the organisational structure and the contingent of prosecutors of the Supreme People’s Procuracy, as well as consider the NA’s people's aspiration report in December 2025.

Prime Minister Pham Minh Chinh meets with Uruguayan President Yamandú Orsi on the sidelines of the expanded BRICS Summit on July 7, 2025. (Photo: VNA)

Vietnam–Uruguay relations poised for further elevation: Uruguayan Ambassador

Uruguayan Ambassador to Vietnam Raúl Juan Pollak Giampietro noted that although the two countries have yet to formally establish a comprehensive partnership, the foundations of bilateral cooperation have been steadily strengthened and expanded, particularly in the fields of economy and trade, science and technology, agriculture, and people-to-people exchanges.

Assaf Talgam, a historian and a journalist of Zo HaDerekh, the official newspaper of the Communist Party of Israel. (Photo: VNA)

CPV's leadership - central factor shaping Vietnam’s enduring stability, impressive achievements: Israeli historian

Talgam said that from a comparative and historical perspective, the CPV’s leadership has been the central factor underpinning the country’s enduring political stability and impressive development trajectory. In a world marked by rapid and unpredictable changes, few political organisations have been able to maintain continuity of leadership while simultaneously adapting their governance approach as effectively as the CPV.