Vice President Vo Thi Anh Xuan received President and CEO of the AIA Group Lee Yuan Siong in Hanoi on August 1, affirming Vietnamese leaders’ readiness to create an optimal environment for foreign firms, including those from the US, to develop.
Vice President Vo Thi Anh Xuan (R) and President and CEO of the AIA Group Lee Yuan Siong at the meeting in Hanoi on August 1. (Photo: VNA)
Hanoi (VNA) – Vice PresidentVo Thi Anh Xuan received President and CEO of the AIA Group Lee Yuan Siong inHanoi on August 1, affirming Vietnamese leaders’ readiness to create an optimalenvironment for foreign firms, including those from the US, to develop.
Congratulating AIA on itspreeminent achievements after over 20 years of operation in Vietnam, Xuan noted the country is working to create an open and stable business climatefor foreign businesses to expand operations.
Vietnam has viewed the foreigninvested sector as an important part of its economy, and it has encouraged foreignenterprises to make more investment, especially in finance, she emphasised.
The Vice President called on AIA to shareexperience in not only insurance but also management of financial investment andresponse to climate challenges and other risks to guarantee sustainableinvestment and development.
Leaders of Vietnam are readyto listen to opinions from foreign firms, including US businesses, so as toensure the best possible environment that matches local laws and internationalpractices for their development, Xuan stressed.
To achieve net zero emissionsby 2050, Vietnam looks to form a practical ecosystem for digitaltransformation, the Vice President said, expressing her hope that foreignpartners, including enterprises from the US, will assist the country to carryout this commitment through manpower training, infrastructure investment, andfinancial support for feasible digital transformation and energy transitionprojects.
She also asked AIA to upholdits sense of social responsibility by increasing charity activities and communitysupport, especially for disadvantaged children and the communities hit hard bythe COVID-19 pandemic.
For his part, Lee highlyvalued Vietnam’s efforts to improve the investment and business climate, and appreciated the favourable conditions provided by the Vietnamese Government,particularly insurance authorities, for AIA.
He noted children, logisticsand health care are among the focuses of AIA, and Vietnam is an importantmarket for the firm to carry out its investment plan.
Voicing his belief in Vietnam’sprosperous development in the future, he added AIA will contribute more to thecountry’s sustainable socio-economic development, especially the activities andprojects for the sake of the local community./.
The Ministry of Industry and Trade (MoIT) will focus on some cooperation fields with the US this year and hopes to receive support from businesses of the country, Deputy Minister of Industry and Trade Do Thang Hai has said when meeting a delegation of the US-ASEAN Business Council (USABC) in Hanoi.
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco.
A delegation of Ho Chi Minh City led by Chairman of the municipal People’s Committee Phan Van Mai met with several enterprises of the US on July 18 - 19 as part of their ongoing working trip to the US.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
Vice President Vo Thi Anh Xuan (R) and President and CEO of the AIA Group Lee Yuan Siong at the meeting in Hanoi on August 1. (Photo: VNA) 
