State President Tran Dai Quang spoke highly of General Electric’s plan to expand investment in Viet Nam in such areas as energy, aviation and medical equipment at his meeting with Chairman and CEO Jeffrey R. Immelt on April 14.
|State President Tran Dai Quang (L) receives Chairman and CEO of General Electric Jeffrey R. Immelt, Hanoi, April 14, 2017 - Photo: VNA
The GE has made practical contributions to the advancement of the economic, trade and investment relations between the two countries.
Viet Nam is focusing on innovating all fields, promoting reform, transforming growth model to create new impetus for socio-economic development and facilitate investment inflows, including from the US, said State President Quang.
He said Viet Nam and the US have built a solid background of the bilateral relations for US businesses to carry out long-term investment in the Southeast Asian country.
Viet Nam also attaches importance to enhancing win-win cooperation with the US in an increasingly practical, comprehensive, stable and long-term manner on the basis of mutual respect for their political system, the State President affirmed.
He also took the occasion to call on the GE and other US businesses to support Viet Nam to successfully host the APEC Year 2017.
The GE has invested in a factory producing wind and steam turbines generators to supply to the group’s subsidiaries in Viet Nam and the world, said Mr. Jeffrey R. Immelt.
He said the GE highly valued Vietnamese workers’ creativity and diligence, saying that they contribute to the success of the group.
GE also proposed to develop a gas-fired power complex with a generation capacity of 1,500 megawatts in the central province of Quang Nam, using gas from the Blue Whale, in partnership with the US' ExxonMobil and Vietnam's oil and gas group PetroVietnam. The group's proposal has been sent to PetroVietnam for consideration.