US Treasury Secretary Janet Yellen visits Vietnamese EV start-up
Friday, July 21, 2023, 13:36 GMT+7
U.S. Treasury Secretary Janet Yellen made a visit to an electric scooter production factory owned by Vietnamese start-up Selex Motors in Hanoi on Thursday afternoon.
The trip was part of Secretary Yellen’s official visit to Vietnam from Tuesday to Friday.
“The electric scooters and batteries made at the facility are impressive,” said Secretary Yellen, who also shared her admiration for the economic dynamism and business spirit of the Vietnamese people.
According to Secretary Yellen, Selex Motors is an example of a link between the U.S. and Vietnam as two of the company's founders earned their PhD from the University of Michigan in the United States.
She also noted that over 30,000 young Vietnamese people are studying in the United States, putting Vietnam fifth among America’s international student source markets.
Founded in 2018, Selex Motors hopes to boost Vietnam’s sustainable development via electric motorbikes. The start-up is striving to popularize the use of renewable energy for traffic systems.
Selex Motors is among many contributors to the made-in-Vietnam drive.
During her visit to the Selex electric vehicle (EV) production facility, Yellen highlighted the importance of the fight against climate change and the significance of global clean energy transition.
Within the frameworks of her Vietnam visit, she held meetings with Vietnamese Prime Minister Pham Minh Chinh, Chairman of the Party Central Committee's Economic Commission Tran Tuan Anh, and Governor of the State Bank of Vietnam Nguyen Thi Hong.
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| Nguyen Huu Phuoc Nguyen, founder of Selex Motors, talks to U.S. Treasury Secretary Janet Yellen at the Selex Motors factory in Hanoi, Vietnam, July 20, 2023. Photo: Danh Khang / Tuoi Tre |
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| U.S. Treasury Secretary Janet Yellen visits the Selex Motors factory to learn about electric scooter production and assembly lines in Hanoi, Vietnam, July 20, 2023. Photo: Danh Khang / Tuoi Tre |
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| U.S. Treasury Secretary Janet Yellen sits on an electric scooter made by Vietnamese start-up Selex Motors in Hanoi, Vietnam, July 20, 2023. Photo: Danh Khang / Tuoi Tre |
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| Advanced technology is applied to the production line at Selex Motors in Hanoi, Vietnam. Photo: Danh Khang / Tuoi Tre |
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| A representative of Selex Motors getures at a meeting with U.S. Treasury Secretary Janet Yellen and other American officials in Hanoi, Vietnam, July 20, 2023. Selex stands for Smart Electric Vehicles X. Photo: Danh Khang / Tuoi Tre |
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