President Cuong called on Warburg Pincus to leverage its position as one of the US's leading and most influential investment funds to make concrete contributions to advancing Vietnam - US cooperation.
Deputy Prime Minister Le Minh Khai hosted a reception in Hanoi on November 10 for Charles R. Kaye, CEO of Warburg Pincus, during which he expressed his hope that Warburg Pincus, one of the US’s leading investment funds, will continue to be a bridge to bring investors from the US and other countries to Vietnam.
Prime Minister Pham Minh Chinh on September 28 suggested the US-based global growth investor Warburg Pincus to further its effective coordination with Vietnamese agencies to increase long-term and sustainable investment in the Southeast Asian nation.
Global growth investor Warburg Pincus with headquarters in New York, the US, has decided to invest in a cross-border e-commerce project in the southern province of Binh Duong.
Prime Minister Pham Minh Chinh received executives of Warburg Pincus and Glenfarne Group in New York on May 15, part of his working visit to the US and the UN.
The US’s Warburg Pincus plans to implement a cross-border e-commerce project in Binh Duong province – a magnet for FDI in the south of Vietnam, according to the provincial People’s Committee.
Though Euromonitor International estimates e-commerce accounted for just 3 percent of Vietnam’s retail market last year, the smallest among Southeast Asia’s major economies, the potential for growth is alluring, the newswire bnnbloomberg.ca said on June 2.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on May 7 for Timothy Geithner, former Secretary of Treasury of the US and now President of Warburg Pincus, during which he appreciated the US firm’s investment in several projects in Vietnam.
Prime Minister Nguyen Xuan Phuc had received Phil Falcone, Senior Managing Director of Harbinger Capital, and Timothy Geithner, Director of Warburg Pincus, in New York on September 27.
Since the Investment Law took effect in July 2015, Vietnam’s FDI inflows, and the real estate sector in particular, have significantly increased in terms of merger and acquisition (M&A) activities.
Two separate legal entities managed by Warburg Pincus would invest over 370 million USD in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank), announced the bank on March 12.
Vietnam wants to attract more investment from the US, especially in finance, Prime Minister Nguyen Xuan Phuc told former US Secretary of the Treasury Tymothy Geithner in Hanoi on September 20.
