Prime Minister Nguyen Xuan Phuc receives head of the US-based multinational investment banking firm's Asia division Andrea Vella in Ha Noi yesterday. — VNA/VNS Photo Thong Nhat

HA NOI (Biz Hub) — Viet Nam is committed to macro-economic stability and the best possible conditions for foreign investors in the country, including Goldman Sachs, Prime Minister Nguyen Xuan Phuc told head of the US-based multinational investment banking firm's Asia division Andrea Vella, during a reception in Ha Noi yesterday.

The PM hoped that as a leading investment bank, Goldman Sachs would share its experience with Viet Nam as well as partner with Vietnamese banks and firms, to build Viet Nam into an investment destination in the region.

Viet Nam needs substantial and long-term capital for infrastructure and encourages direct investment or public-private partnership in rural development and climate change adaptation, he stated.

He hoped that Goldman Sachs would become involved in the equitisation of domestic enterprises as well as in mergers and acquisitions, affirming that Viet Nam welcomes investors who come to learn about the market on the basis of respecting Vietnamese law and benefiting both sides.

Vella, for his part, hailed Viet Nam as an economic success story, saying that its political stability and continuous economic growth are wooing investors globally.

He said Goldman Sachs was calling for investment and co-operation in Viet Nam's infrastructure ramp-up and working to ensure various projects' success.

According to him, the giant bank is interested in environmental protection and expects to devise a report assessing the environment impacts of infrastructure projects so as to ensure sustainable development and local livelihoods.

Committed to co-operation

Earlier on the same day, during a meeting with Chairman of the Party Central Committee's Commission for Economic Affairs Nguyen Van Binh, Vella said Goldman Sachs was committed to lasting cooperation with Viet Nam by constantly seeking long-term international funds for the country's development.

Vella said he believed in the potential of the Vietnamese market, adding that the company looks to new Public-Private Partnership (PPP) investment opportunities in energy, telecommunication, infrastructure and farming.

Goldman Sachs was particularly interested in projects related to climate change mitigation in the Mekong Delta and waste treatment in big cities, he noted.

Binh said he was pleased with the firm's long-term commitment to Viet Nam and its sound operation in mergers and acquisitions.

Goldman Sachs also did a good job in attracting funds for several PPP infrastructure projects, he added.

He urged the company to promote Viet Nam's business climate and expand its operations to more sectors of the local economy. — VNS