The group is actively promoting an investment project to develop a biopharmaceutical industrial park in the northern province of Hung Yen. In addition, it is engaging with relevant Vietnamese agencies and localities to collaborate on energy and infrastructure projects, support bank restructuring efforts, and participate in the development of an international financial center in Vietnam.

These initiatives could mobilize an estimated total investment of between US$5 and $7 billion.

Prime Minister Pham Minh Chinh asked Makara Capital Partners to promptly make investment decisions and expand operations in Vietnam, particularly in priority sectors, in the spirit of "working together, benefiting together, winning together, and sharing joy and happiness."

Chinh reiterated the Vietnamese Government’s commitment to accompanying and facilitating effective and successful investments by the group in the country. He affirmed that Vietnam guarantees the legitimate rights and interests of investors based on three principles: codifying regulations into law, aligning with market mechanisms, and harmonizing regulations with international standards.

He welcomed Makara Capital’s interest and affirmed that the sectors the group is targeting such as biopharmaceuticals and international financial center development align with Vietnam’s priorities for fast, green, and sustainable development.

He briefed the guests on Vietnam’s socio-economic development strategy, foreign and national defense policies. He noted that Vietnam is pursuing three strategic breakthroughs namely institutional reform, infrastructure development, and human resource training.

At the same time, the country is undergoing a "revolution" in administrative structure, organizing the two-tier local administration model, and implementing four key resolutions for rapid and sustainable growth, he added.

Vietnam is targeting a GDP growth of at least 8% this year and double-digit expansion in subsequent years, striving to become a high-income developed nation by 2045.

Source: VnExpress