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Heineken plans to invest $500mn more in Vietnam

Heineken plans to invest $500mn more in Vietnam

Monday, December 12, 2022, 18:40 GMT+7
Heineken plans to invest $500mn more in Vietnam
Vietnamese Prime Minister Pham Minh Chinh meets Mayor of Amsterdam Femke Halsema in the Netherlands, December 11, 2022. Photo: N.Phuc / Tuoi Tre

Many Dutch investors are interested in investing in Vietnam in various fields, with Heineken committed to pouring an additional US$500 million into the country in the coming time.

Vietnamese Prime Minister Pham Minh Chinh had a working session with Amsterdam Mayor Femke Halsema and met the president of the Confederation of Netherlands’ Industry and Employers as well as CEO of Heineken on Sunday afternoon (local time), within the framework of his official visit to the Netherlands.

During his conversation with Mayor Halsema, PM Chinh said his visit to the Netherlands is aimed at elevating the relations between the two countries, including cooperation with Amsterdam, especially in the context that the two nations will celebrate 50 years of diplomatic ties in 2023.

He suggested that Amsterdam authorities promote cooperation with localities of Vietnam, especially with Hanoi and Ho Chi Minh City, in fields such as investment, environmental protection, circular economy, urban planning, people-to-people exchange, and tourism. 

Mayor Halsema believed that PM Chinh’s visit would open a more effective development period for the relations between the two countries as well as between Amsterdam and Vietnamese localities.

Amsterdam and Hanoi have partnered in many practical cooperation projects in recent times, she said, adding that the Dutch city wishes to expand cooperation with the Vietnamese capital in energy conversion, waste and urban flooding treatment, and urban planning toward smart and sustainable development.

At a working session with president of the Confederation of Netherlands’ Industry and Employers (VNO-NCW) Ingrid Thijssen, PM Chinh said the Netherlands is now the biggest EU investor in Vietnam, ranking eighth out of 141 countries and territories investing in the country with 409 valid projects worth $13.7 billion.

Vietnamese Prime Minister Pham Minh Chinh meets CEO of Heineken N.V. Dolf van den Brink in the Netherlands, December 11, 2022. Photo: Vietnam News Agency

Vietnamese Prime Minister Pham Minh Chinh meets CEO of Heineken N.V. Dolf van den Brink in the Netherlands, December 11, 2022. Photo: Vietnam News Agency

He suggested the VNO-NCW continue serving as a bridge for Dutch firms to invest in Vietnam, especially in hi-tech, innovation, digital transformation, green and clean energy, sustainable agriculture, infrastructure, and logistics while helping Vietnamese companies join regional and global supply chains.

Thijssen praised Vietnam’s efforts to improve the business environment and proposed enhancing economic, trade, and investment ties between the Netherlands and Vietnam, especially in logistics, hi-tech agriculture, food, and seaports.

Receiving CEO of Heineken N.V. Dolf van den Brink while visiting Heineken Global headquarters in Amsterdam, the Vietnamese PM lauded the effective operations of the Heineken-SATRA joint venture, one of the first foreign-invested firms in Vietnam in beer production and distribution.

The brewer has to date invested $1 billion in Vietnam and plans to pour an additional $500 million into the country, said the Heineken executive.

Chinh asked Heineken to continue using modern and sustainable technology while doing business in Vietnam to contribute to local social welfare and environmental protection.

The Vietnamese government will partner with and assist Heineken in expanding its operations, the leader said.

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