President Nguyen Xuan Phuc received some leading Singaporean businesses in innovation on February 25, part of his State visit to Singapore.
Participants in the meeting between President Nguyen Xuan Phuc (fourth from right) and Grab President Ming Maa (fifth from right) in Singapore on February 25 (Photo: VNA) – President Nguyen Xuan Phuc received some leading
Singaporean businesses in innovation on February 25, part of his State visit to
Singapore.
Meeting
with Grab President Ming Maa, President Phuc welcomed the group’s plan to
assist micro-, small- and medium-sized enterprises in digital transformation in
Vietnam, asking it to strongly take part in Vietnam’s programme on supporting
digital transformation in businesses, cooperatives, and business households
during 2021 - 2025.
Relevant
agencies of Vietnam will create the best possible conditions for Grab in this
field, he affirmed.
Appreciating
the Vietnamese Government and relevant agencies’ support and favourable
conditions for his firm, Ming said Grab has been effectively implementing some meaningful
technological platforms in the country such as those for shopping essential
goods and food over the last two years. It has also been promoting digital
transformation in agriculture and stepping up comprehensive finance through
fintech solutions.
Grab
invested 200 million USD in Vietnam as of 2019. In late 2019, it pledged to
pour another 500 million USD into the country within the next five years.
President Nguyen Xuan Phuc (third from right) and Executive Chairman of YCH Group Robert Yap (third from left) at the meeting in Singapore on February 25 (Photo: VNA)
Talking
to Executive Chairman of YCH Group Robert Yap, President Phuc spoke highly of
the firm’s operations in the country’s logistics industry, which is also a
priority sector of Vietnam.
He applauded
YCH Group’s partnership with T&T Group of Vietnam to develop a large
logistics centre in Vinh Phuc province, stating that the country will create
optimal conditions for this business to make long-term and sustainable investment.
Receiving
a leader of FWD, a leading insurance and investment group in Asia-Pacific, the
Vietnamese President highly valued the company’s business outcomes in the
country.
Vietnam
prioritises the projects on high technology, innovation, research and
development, and digital economy, as well as those contributing to its
sustainable socio-economic development, he went on, asking FWD with a large
international clientele to help attract foreign investors to Vietnam in the
coming time.
Vietnam
always supports and commits to stand side by side with FDI companies and provide
favourable conditions for their long-term and sustainable operations in the
country, President Phuc noted./.