Many major firms from the US have expressed an interest in investing in Vietnam, Mr. Charles R. Kaye, Co-CEO at Warburg Pincus, told Deputy Prime Minister Le Minh Khai.

Warburg Pincus has become a leading investment fund in Vietnam, with total capital of $2 billion, the Cong Thuong (Industry and Trade) News reported.

At a reception on November 9 for the US businessman, Deputy Prime Minister Khai highly spoke of the practical and effective contributions Warburg Pincus has made to Vietnam’s economic development and Vietnam - US relations.

“The economic and trade relationship continues to serve as a driving force for bilateral ties between Vietnam and the US,” he said.

Two-way trade reached $123 billion in 2022, an 11 per cent increase year-on-year.

As of August 20 there were over 1,300 active FDI projects from the US in Vietnam, with total registered investment capital of $11.8 billion, ranking it eleventh among all countries and territories investing in Vietnam.

Deputy Prime Minister Khai said he hopes that Warburg Pincus will continue to study and expand cooperation with Vietnamese businesses and invest in new projects. He also proposed that the company, with its large network of customers worldwide, act as a bridge encouraging US investors in general and foreign investors in particular to do business in Vietnam.