Lam made the call during a meeting with Jeffrey Perlman, CEO of Warburg Pincus and chairman of the U.S.-ASEAN Business Council, in Hanoi on Friday, according to the Vietnam News Agency.

The Party chief praised Warburg Pincus for its successful investment projects in Vietnam, recognizing their contributions to the country’s development and to strengthening economic, trade, and investment ties between Vietnam and the U.S.

He encouraged the firm to not only sustain its current projects but also expand into high-tech industries, renewable energy, and digital infrastructure – areas in which U.S. companies excel and Vietnam has high demand.

Lam emphasized that the U.S. remains one of Vietnam's key strategic partners. He welcomed the recent progress in the two countries’ comprehensive strategic partnership, stressing that these developments benefit both peoples and contribute to regional and global peace, stability, and sustainable development.

The Party leader also thanked Warburg Pincus and other U.S. businesses for their support and cooperation in addressing recent trade and tariff issues between the two countries.

Perlman’s visit came as the U.S. administration announced a 90-day delay in implementing its global reciprocal tariff policy, which was initially set to take effect on April 9 and includes a 46-percent tariff on imports from Vietnam.

Lam noted that, following this development, Deputy Prime Minister Ho Duc Phoc, acting as his special envoy, had led a delegation to the U.S. for bilateral trade talks.

Highlighting the complementary nature of the Vietnamese and U.S. economies, Lam urged Perlman and U.S. companies operating in Vietnam to continue supporting efforts toward a swift conclusion to the trade negotiations, in the interest of stable and sustainable economic, trade, and investment cooperation.

In response, Perlman expressed his appreciation for the ongoing attention and support from the Vietnamese Party and State, which have created favorable conditions for Warburg Pincus and other U.S. firms to invest and do business in Vietnam.

He congratulated Vietnam on its impressive development in recent years, saying it has inspired greater confidence among U.S. investors.

Perlman reaffirmed Warburg Pincus’s commitment to long-term investment in Vietnam, building on more than a decade of successful operations aimed at contributing to positive changes in the country.

He cited the firm’s notable projects, such as the Ho Tram resort in Ba Ria-Vung Tau Province and the Metropole Hotel in Hanoi, as examples of successful U.S.-Vietnam cooperation and effective foreign investment that can help attract additional investors.

Perlman pledged that he and Warburg Pincus leadership would continue supporting Vietnamese ministries and sectors – particularly on tariff-related issues – to advance the shared interests of both countries’ businesses and people.

Founded in 1966 and headquartered in New York, Warburg Pincus is a private partnership and a pioneer in global growth investing through private equity.

Source: Tuoitre News