Vietnam is committed to macro-economic stability and the best possible conditions for foreign investors in the country, including Goldman Sachs, Prime Minister Nguyen Xuan Phuc told head of the US-based multinational investment banking firm’s Asia division Andrea Vella, during a reception in Hanoi on April 26.

Andrea Vella from Goldman Sachs (L) and Prime Minister Nguyen Xuan Phuc

The PM hoped that as a leading investment bank, Goldman Sachs will share its experience with Vietnam as well as partner with Vietnamese banks and firms, to build Vietnam into an investment destination in the region.

Vietnam needs substantial and long-term capital for infrastructure and encourages direct investment or public-private partnership in rural development and climate change adaptation, he stated.

He hoped that Goldman Sachs will become involved in the equitisation of domestic enterprises as well as in mergers and acquisitions, affirming that Vietnam welcomes investors who come to learn about the market on the basis of respecting Vietnamese law and benefiting both sides.

Vella, for his part, hailed Vietnam as an economic success story, saying that its political stability and continuous economic growth are wooing investors globally.

He said Goldman Sachs is calling for investment and cooperation in Vietnam’s infrastructure ramp-up and working to ensure various projects’ success.

According to him, the giant bank is interested in environmental protection and expects to devise a report assessing the environment impacts of infrastructure projects so as to ensure sustainable development and local livelihoods.

Earlier, Vella was received by Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh.

Goldman Sachs values Vietnamese market

Goldman Sachs is committed to lasting cooperation with Vietnam by constantly seeking long-term international funds for the country’s development, said Andrea Vella, Head of the US-based multinational investment banking firm’s Asia division.

The statement was made during his meeting with Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh on April 26.

Vella said he believes in the potential of the Vietnamese market, adding that the company looks to new Public-Private Partnership (PPP) investment opportunities in energy, telecommunication, infrastructure and farming.

Goldman Sachs is particularly interested in projects related to climate change mitigation in the Mekong Delta and waste treatment in big cities, he noted.

Binh said he is pleased with the firm’s long-term commitment to Vietnam and its sound operation in mergers and acquisitions.

Goldman Sachs also did a good job in attracting funds for several PPP infrastructure projects, he added.

He urged the company to promote Vietnam’s business climate and expand its operations to more sectors of the local economy.

VNA