American corporations want to invest 20 - 30 billion USD in Vietnam, the focus is Ba Ria - Vung Tau

Oct 01, 2021

Within the framework of his visit to the US, President Nguyen Xuan Phuc witnessed the awarding ceremony of a cooperation agreement between the joint venture, Kinh Bac Urban Development Corporation (HoSE: KBC) - Sai Telecommunications Technology Joint Stock Company. Saigon (Saigontel, HoSE: SGT) and Quantum Corporation (USA).

Accordingly, Quantum commits to contribute to the construction and development of Vietnam, which is a series of projects with a total value of about 20 - 30 billion USD.

Specifically, Quantum focuses on investing in Vietnam in important areas such as the Long Son power plant (worth about 5 billion USD) in Ba Ria - Vung Tau, infrastructure investment projects with a long-term vision. such as Long Son port (including gas port to supply industrial zones and households later).

Quantum also expressed its desire to invest heavily in logistics in Vung Tau and build a railway line from Vung Tau connecting Dong Nai, Binh Duong, and Ho Chi Minh City; logistics north of Vietnam from Lang Son to Hanoi and Hai Phong.

In addition, Quantum also intends to invest in "construction of infrastructure" in Vietnam such as highways, bridge construction, telecommunications, industrial real estate, financial investment and Vietnam's stock market.

With its own technological advantages, Quantum also wants to invest in Vietnam in the field of renewable energy production.

In particular, in order to support Vietnam in the fight against Covid-19, Quantum wishes to cooperate with Vietnamese partners to build a healthcare system that combines Western high technology and traditional Western medicine. Winter. At the same time, Quantum also intends to invest in building a technology center for Covid-19 vaccine production in Vietnam.

At the cooperation agreement ceremony, President Nguyen Xuan Phuc asked the Ministry of Planning and Investment, the Ministry of Industry and Trade, the Ministry of Construction to support Quantum and its partners Kinh Bac Company and Saigon Telecommunications Technology Company. successfully implemented investment projects in Vietnam.

The State President noted that the process of implementing projects should consider factors suitable to regional planning and comply with the provisions of Vietnamese law. The ministries, branches and localities of Vietnam will create all favorable conditions in terms of procedures and business investment environment for Quantum to soon deploy investment projects in Vietnam.

President Nguyen Xuan Phuc also hopes Quantum, in its capacity as a capital contributor to Pfizer, promotes Pfizer to continue cooperating in the supply of Covid-19 vaccines to Vietnam.

Source: TTXVN