PM applauds investment expansion by John Swire & Sons

PM Pham Minh Chinh (R) receives Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24. (Photo: VNA)

Hanoi – Prime Minister Pham Minh Chinh received Chairman of John Swire & Sons Limited Guy Bradley in Hanoi on October 24, welcoming the UK-headquartered firm’s continuous expansion of investment and business activities in Vietnam.

He called on the over-200-year Swire Group to continue expanding its operations in such sectors as aviation, trade and industry, logistics, real estate, health care, and the production, distribution and retail network in Vietnam; develop human resources, especially high-quality ones; and consider cooperating with local universities and vocational schools.

PM Chinh asked the group to increase applying the latest scientific and technological advances to its activities; improve the added value and the rate of domestically made components in its products and use supporting technologies of Vietnam; boost assistance for Vietnamese businesses to join its supply chain; effectively use renewable energy; and harmonise economic targets with social responsibility fulfillment, thereby helping Vietnam achieve green growth and sustainable development targets and effectively cope with climate change.

Bradley introduced his firm and its long-term plan in Vietnam, highlighting its commitments to sustainable development, green growth, and circular economy promotion.

Swire Group has operated in Vietnam since 1988 via activities supporting oil and gas, tea, aviation, and real estate companies. In January 2023, its subsidiary Swire Coca-Cola Limited purchased Coca-Cola Beverages Vietnam Co. Ltd, the bottling partner of Coca-Cola in the country. Thanks to that, it has created over 2,000 direct jobs and 20,000 indirect ones in Vietnam, he noted.

He spoke highly of the increasingly improved investment and business climate in Vietnam and expressed his belief in the success of his group’s operations here.

The group is highly committed to Vietnam and will keep expanding its investments, especially in the fields of aviation and health care, to contribute more local socio-economic development, Bradley remarked.

Welcoming the firm’s intentions, PM Chinh affirmed that the Vietnamese Government always supports and protects the rights and legitimate interests of foreign investors on the basis of interest harmonisation and risk sharing, adding the country considers foreign businesses’ success as its own.