Deputy PM welcomes Jardines Matheson Group’s Chairman

The Vietnamese Government will work to ensure macro-economic stability and create a favourable business environment in conformity with international standards and practices, said Deputy Prime Minister Vuong Dinh Hue.

At the reception (Credit: VGP)
At the reception (Credit: VGP)

Deputy PM Hue made the statement during his reception in Hanoi on March 12 for Henry Keswich, Chairman of the UK’s Jardines Matheson Group – a multi-sectoral and multi-national group which has been present in Vietnam for over 20 years and is holding 10% of the chartered capital of Vinamilk, 25% of capital of Truong Hai Auto Corporation, and 23% of the Refrigeration Electrical Engineering Corporation (REE).

He asked the UK group to pay attention to developing such existing fields as milk products, automobile, machinery, construction, real estate, and finance and insurance, and expand presence in the State-owned enterprise (SOE) and credit institution restructuring in Vietnam.

The expansion of investment in Vietnam will benefit Jardines Matheson as the country has been a member of more than 10 free trade agreements, he affirmed.

Chairman of the UK’s Jardines Matheson Group Henry Keswich expressed his interest in the equitisation and divestment of Vietnamese SOEs, hoping to participate in this field.

He pledged to help Vietnam develop its capital market with high-level services in the time to come.