“Vietnam is a country with a per capita income of only 4,000 USD but must act like a country with tens of thousands of dollars in income, a developing country must have incentives to act like a developed country; Our point of fairness, justice is like that,” the Prime Minister said.
Prime Minister receives leaders of a number of large European enterprises
During his official visit to Luxembourg, after attending the Vietnam-Luxembourg Business Forum, Prime Minister Pham Minh Chinh received leaders of B-Medical Systems, Paul Wurth, and CargoLux.
The Prime Minister and leaders of ministries and branches answered and clarified many problems and solved some difficulties and problems that these enterprises are facing in the process of cooperation and investment in Vietnam.
SMS (1871) is a large Luxembourg corporation providing metallurgical technology on a global scale. In 2021, the Group recorded revenue of approximately EUR 2.6 billion. Paul Wurth (1870) is an SMS member company that provides modern, high technology and services in the design, manufacture and installation of equipment and steel mills.
The Group is planning to expand its business investment activities in Vietnam, especially in finding domestic steel suppliers and supporting the strengthening of electronic automation capacity in the steel industry.
At the meeting, the Company reported its plan to expand business investment in the iron and steel industry in the direction of green and clean development and promote cooperation with Vietnamese enterprises in this field.
The Prime Minister highly appreciated the successful and effective business investment activities of SMS/Paul Wurth in the world and welcomed the proposal and plan to expand business investment in Vietnam; suggested that this business develop in the direction of reducing environmental impacts and towards a green and clean economy, contributing to promoting Vietnam’s carbon neutral goal by 2050. Vietnam advocates for attracting and cooperating selective foreign investment, taking quality, efficiency, technology and environmental protection as the main evaluation criteria. Minister of Natural Resources and Environment Tran Hong Ha added that Vietnam will have policies to encourage businesses to use renewable energy.
B-Medical Systems (1979) is a large Belgian corporation in medical technology and pharmaceuticals. The group operates globally, but is strongest in South Asia. In 2021, the Group has about 3,400 employees and has a revenue of more than $555 million.
In the past 10 years, B-Medical has installed more than 4,000 vaccine cold stores in Vietnam. During the complicated development of the COVID-19 pandemic, B-Medical has assisted in ensuring the safe and timely transportation and storage of vaccines in Vietnam with more than 174 vaccine storage cabinets manufactured by B-Medical already installed. used in HCMC.
Leaders of B-Medical Group proposed to strengthen cooperation with the Ministry of Health and the Central Institute of Hygiene and Epidemiology, to support Vietnam in cold storage equipment in preparing and responding to future epidemics.
The Prime Minister said that Vietnam is a tropical monsoon country with many epidemics, so he welcomes B-Medical’s cooperation ideas as well as research activities to produce vaccines, develop the pharmaceutical industry. preferential policies for investors in this field. The Prime Minister suggested that the Group continue to invest in Vietnam, if any problems, they can be reported to the authorities and the Prime Minister.
Cargolux (1970) is a Luxembourg group of air freighters and one of the largest cargo airlines in Europe. Cargolux has a fleet of 30 heavy-duty aircraft that connect long distances to more than 90 locations around the globe. In 2021, the group achieved revenue of $4.4 billion.
At the meeting, the group’s leaders reported a cooperation agreement with Vietnamese enterprises, solving problems related to technical regulations on the operation of heavy aircraft at Tan Son Nhat airport…
The Prime Minister welcomed the opening of many flight routes to Vietnam to develop logistics, which is in great demand in the context of Vietnam expanding trade exchanges with the world. The Prime Minister said he would direct agencies to actively consider and solve the mentioned issues. In particular, the problem of runway overload at Tan Son Nhat has been directed to be resolved and is being actively implemented.
Energy conversion cooperation
Prime Minister Pham Minh Chinh and a high-ranking Vietnamese delegation visited and worked at the European Investment Bank (EIB). The Prime Minister said that Vietnam is in dire need of resources, especially finance, to implement three strategic breakthroughs (improving institutions; developing human resources; building infrastructure). Vietnam follows the foreign policy of independence, self-reliance, diversification and multilateralisation, is a good friend, a reliable partner and a responsible member of the international community; determined to build an independent and self-reliant economy, able to withstand external fluctuations and actively integrate into the international community, proactively, substantively and effectively.
In the process of development, Vietnam has determined that internal forces (people, nature and historical-cultural traditions) are basic, long-term decisions, external forces are important, breakthrough, regular, in the development process. There are capital sources from investors (directly and indirectly), aid, loans. However, the loan must be in line with the development trend.
The Prime Minister wished the two sides to strengthen closer and more effective cooperation, with a larger scale and longer duration, more projects, faster and more efficiently, focusing on priority areas of the two countries. EIB and Vietnam have needs such as green transformation, climate change response, circular economy, digital transformation, strategic infrastructure, improving the material and spiritual life of Vietnamese people.
The Prime Minister suggested the two sides must negotiate and sign a new financial cooperation agreement to replace the one signed in 1997, in accordance with the current situation.
At the same time, reviewing, detecting and removing difficulties and obstacles with ongoing projects, including the Nam Pung hydropower project within the framework of the 2009 Environmental Credit Limit Agreement, continue to promote promote projects Metro 03 Hanoi and Metro 02 Ho Chi Minh City.
With the upcoming projects, the Prime Minister suggested the EIB approach in the spirit of the Fair Energy Transition Program (JETP, in which developed countries provide financial support to countries affected by climate change and climate change). sea level rise) that Vietnam is negotiating with G7 countries, supporting Vietnam in implementing its emissions reduction commitments, in line with the agreement on climate change. Vietnam is a developing country with an economy in transition, so it needs more favorable loan conditions such as interest rates to ensure the principle of fairness and justice.
For example, energy conversion projects in Vietnam must be priced at a level that people, businesses and the economy can tolerate, not as high as in countries with per capita income. people up to 50,000-60,000 USD.
“Vietnam is a country with a per capita income of only 4,000 USD but must act like a country with tens of thousands of dollars in income, a developing country must have incentives to act like a developed country; Our point of fairness, justice is like that,” the Prime Minister said.
The Prime Minister also suggested that the two sides jointly study and innovate project implementation procedures in the direction of simplicity, ease of implementation, and anti-negativeness. The Prime Minister believes that with the high consensus on priorities of the two sides, EIB and Vietnam will develop stronger and deeper the effective and mutually beneficial financial cooperation relationship.
EIB Vice President Kris Peeters emphasized that EIB is ready to further strengthen its relationship and cooperation with Vietnam, building on its existing experience in financing sustainable transport projects such as the Hanoi metro line. and co-finance projects that contribute to climate change mitigation.
Appreciating the clear and specific messages of the Prime Minister, the EIB said that it would work closely with the agencies of Vietnam and the EU to actively implement the cooperation proposals mentioned by the Prime Minister. believes in the prospect of better cooperation between the two sides in the future, making an important contribution to the goal of developing a green, clean and sustainable economy in the world and in Vietnam.
On this occasion, Prime Minister Pham Minh Chinh witnessed the signing of a Memorandum of Understanding between Electricity of Vietnam (EVN) and EIB, paving the way for the EIB’s increased contribution to sustainable electricity production, through through financial support for power investment projects in Vietnam and strengthening partnerships in the areas of electricity generation, storage, transmission, distribution and sales, accelerating the energy transition. amount in the direction of carbon reduction.
Source: vlr.vn
