Vietnamese President receives leading Singaporean firms in innovation

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)
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)

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 Viet Nam, asking it to strongly take part in Viet Nam’s program on supporting digital transformation in businesses, cooperatives, and business households during 2021 - 2025.

Relevant agencies of Viet Nam 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 for 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 Viet Nam as of 2019. In late 2019, it pledged to pour another 500 million USD into the country within the next five years.

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 Viet Nam.

He applauded YCH Group’s partnership with T&T Group of Viet Nam to develop a large logistics center in Vinh Phuc province, stating that the country will create optimal conditions for this business to make a long-term and sustainable investment.

Receiving the 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.

Viet Nam prioritizes projects on high technology, innovation, research and development, and the 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 Viet Nam in the coming time.

Viet Nam always supports and commits to standing side by side with FDI companies and providing favourable conditions for their long-term and sustainable operations in the country, President Phuc noted.

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(Source: VNA)