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, who is President of Warburg Pincus during a reception in Hanoi on September 20. 

Prime Minister Nguyen Xuan Phuc (R) and  former US Secretary of the Treasury Tymothy Geithner 

The PM congratulated Warburg Pincus on reaching financial investment deals with VinaCapital Fund and affirmed that Vietnam wants major foreign investors to become strategic partners in equitised firms in the country. 

The Vietnamese business environment keeps improving while the macro-economy and socio-political environment have been stable, he said.

The Vietnamese government sets drastic reform in various fields, especially in State-owned enterprises, he said, adding that during the process, the government, ministries and agencies always listen to opinions of businesses to continue improving business climate. 

Geithner expressed his optimism about Vietnam’s economic prospect and growth potential in the near future. 

He said it is the right time for Warburg Pincus to increase investment in Vietnam because the government is stepping up economic and administrative reform, thus making it easier for foreign investors to expand operations in the country.

VNA