During Prime Minister Pham Minh
Chinh's visit to Luxembourg, many businesses said they wanted to expand
cooperation and investment with Vietnam in fields such as iron and steel, green
economy, healthcare, tourism...
On the afternoon of December 9, 2022
(on the same evening, Vietnam time), during the official visit to Luxembourg,
Prime Minister Pham Minh Chinh had a series of activities to promote economic
cooperation between the two countries such as attending the Vietnam -
Luxembourg Business Forum, worked with several large economic groups.
At the forum, President of the
Luxembourg Chamber of Commerce Carlo Thelen said that Vietnam is now the
country's ninth largest trading partner outside the EU. In recent years, the
two countries' trade turnover has grown impressively. According to Mr. Carlo
Thelen, Vietnam, with a market of 100 million people, an abundant labor force,
has great potential to become a manufacturing and manufacturing center.
Mr. Carlo Thelen and Luxembourg
Minister of Small and Medium Enterprises and Tourism Lex Delles both highly
appreciated the possibility of expanding bilateral cooperation in the field of
tourism. "I am very impressed with the slogan of Vietnam tourism is
Vietnam - Hidden beauty and believe that the two countries have potential for
tourism cooperation in the future," said Carlo Thelen.
At the forum, Prime Minister Pham
Minh Chinh spent time analyzing the development background of Vietnam;
Vietnam-Luxembourg relations; what needs to be done to further promote
bilateral relations, especially in trade and investment.
According to him, Vietnam maintains
political stability, social order and safety, protects independence,
sovereignty and territorial integrity so that companies and corporations can
feel secure when investing in Vietnam. In addition, Vietnam will also improve
institutions, ensure that investors have an open and favorable operating
environment, reduce administrative and logistics costs.
Vietnam wishes to mobilize resources
by means of public-private cooperation in the spirit of harmonizing benefits,
sharing risks among the state, investors and people; attracting high
technology, technology in emerging industries such as digital transformation,
green transformation, circular economy, innovation, knowledge economy...
Prime Minister Pham Minh Chinh and
officials of both sides witnessed the ceremony of signing and handing over
cooperation agreements between agencies and businesses. Photo: Nhat Bac
The Vietnamese government leader said
it was very impressive that Luxembourg had "go ahead and take the
lead", promoting its distinct potential to move from an agricultural
country straight to service development, finance and banking, and green
economic development, digital economy, climate change adaptation.
"Luxembourg can share experiences with Vietnam in these areas in
particular and the country's development process in general," Chinh said.
At the end of the program, Prime
Minister Pham Minh Chinh and officials of the two sides witnessed the ceremony
of signing and handing over cooperation agreements between agencies and
businesses. Luxembourg currently has 58 valid projects with a total registered
capital of more than $2.6 billion, ranking 17/141 among countries and territories
investing in Vietnam and being the third largest investor of the EU in Viet
Nam.
Also at the headquarters of the
Luxembourg Chamber of Commerce, Prime Minister Pham Minh Chinh received leaders
of Paul Wurth, B-Medical Systems and CargoLux.
Paul Wurth (1870) is a member company
of SMS - a large Luxembourg corporation providing metallurgical technology on a
global scale. Company leaders said that they are planning to expand investment
in the iron and steel industry in the direction of green and clean development
and promote cooperation with Vietnamese businesses. The objective is to find
steel suppliers and strengthen the capacity of electronic automation in the
steel industry.
The Prime Minister welcomed Paul
Wurth's proposal and plan to expand business investment in Vietnam. He
suggested that this business develop in the direction of reducing environmental
impact and towards a green and clean economy, contributing to promotion of
Vietnam's carbon neutrality goal by 2050.
"Vietnam’s policy is to attract and cooperate
foreign investment selectively, taking quality, efficiency, technology and
environmental protection as the main evaluation criteria," Mr. Chinh said.
Leaders of B-Medical Systems (1979) - a large Belgian
corporation in medical technology and pharmaceuticals, proposed to strengthen
cooperation with the Ministry of Health and the Central Institute of Hygiene
and Epidemiology, to support Vietnam in cold storage equipment in the
preparation and response to future epidemics. This idea was welcomed by Mr.
Chinh because Vietnam is a tropical monsoon country with many diseases.
Investors in research and production activities of vaccines and pharmaceutical
industry development will also receive many incentives from Vietnam.
Leaders of Luxembourg's Cargolux (1970) group on air
transport (one of Europe's largest cargo airlines) reported to the Prime
Minister an agreement on cooperation with Vietnamese enterprises and problems
related to technical regulations on operation of heavy aircraft at Tan Son Nhat
airport. This field of cooperation was also welcomed by Prime Minister Pham
Minh Chinh and said he would direct agencies to quickly solve existing
problems, in which the overloading of the runway at Tan Son Nhat has been
directed to solve. .
Vietnam has established diplomatic relations with
Luxembourg since 1973. Economic, trade, education and training cooperation
between the two countries has continuously developed over the past 50 years.
Luxembourg is considered a global financial center and the headquarters of the
world's leading financial investment funds.
Prime Minister Pham Minh Chinh arrives in Luxembourg,
starting his official visit to the country from December 9. He will also visit
the Netherlands, Belgium and attend the Summit to celebrate the 45th
anniversary of ASEAN-EU relations in Brussels, Belgium on December 14.
