Vietnam president hosts CEO of US’ Quantum Group


President Nguyễn Xuân Phúc witnesses the handover of the cooperation agreement between the US’s Quantum Group and a Vietnamese joint venture - Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL). - VNA/VNS

NEW YORK (Vietnam News/Asia News Network): President Nguyễn Xuân Phúc received Arun Savkur, CEO of the US’s Quantum Group on Wednesday (Sept 22) in New York, witnessing the handover of the cooperation agreement between the group and a Vietnamese joint venture.

The joint venture was established between the Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL).

At the reception, Savkur said based on its resources and financial strengths, Quantum is committed to making contribution to Vietnam’s development, initially with a series of projects worth VNĐ20 - 30 billion in total.

Quantum wishes to make large investments across many important fields in Việt Nam and to cooperate with Vietnamese partners to build a healthcare system combining the western high technology and the eastern traditional medicine, the CEO said.

He added his company intends to channel capital into building a technology centre for Covid-19 vaccine production in Vietnam.

Praising the US group’s potential and achievement worldwide, President Phuc said they are long-term and strategic projects in Vietnam and hoped Quantum to promote those on biotechnology research in caring and protecting people's health.

The official requested Vietnam’s ministries of Planning and Investment, Industry and Trade, and Construction assist Quantum and the KBC and SAIGONTEL in successfully implementing their projects in Vietnam.

He stated Vietnamese ministries, sectors and localities will create best conditions possible in terms of administrative procedures and business climate for Quantum to soon launch its investment projects.

Phuc said he wanted Quantum, as a capital contributor of Pfizer, would push the vaccine producer to continue its cooperation in the supply of COVID-19 vaccines to Vietnam.

The State leader highlighted the robust growth of Vietnam – US ties across all spheres and said he believes based on the experience and capacity of and cooperation achievement between Quantum, KB, and SAIGONTEL, the joint venture’s new investment projects will reap further successes in the future

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Vietnam , president , US , Quantum

   

Next In Aseanplus News

Asean News Headlines at 10pm on Monday (Oct 18)
Singapore announces six more Covid-19 deaths and 2,553 new infections on Monday (Oct 18)
Thailand: Covid-19 cases rocket in deep South as Bangkok infection rate drops as govt records 10,111 new cases on Monday (Oct 18)
Indonesia reports a very low 626 new Covid-19 cases and restrictions on public activities are eased on Monday (Oct 18)
Philippines DOH says that Covid-19 cases in the country are on downward trend as 6,943 new cases reported on Monday (Oct 18)
Vietnam's Ho Chi Minh City announces end of Covid-19 strict measures; govt reports only 3,168 new cases on Monday (Oct 18)
Indonesia: Exports and imports fall in September as trade slows down
Thailand hit with more flooding amid heavy rains; more than 38,000 households affected
Philippines: Vice-president Robredo, now a presidential hopeful, wants principle-based political party system reform
Vietnam: Mekong Delta region faces water shortages, saline intrusion

Others Also Read


Vouchers