Prime Minister Nguyễn Xuân Phúc receives Horst Julius Pudwill, Chairman of Techtronic Industries (TTI) in Hà Nội on Tuesday. — VNA/VNS Photo Thống Nhất

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc received Horst Julius Pudwill, Chairman of Techtronic Industries (TTI) – a world-leading Hong Kong-based manufacturer of cordless power equipment, in Hà Nội on Tuesday.

Highly valuing the group’s large-scale investment and long-term plans in Việt Nam, the host leader announced the Government’s pledge to create the best possible conditions for investors, including TTI, to reap success.

He told the guest that Việt Nam was a member of the World Trade Organisation and had taken part in a number of new-generation free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Việt Nam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP). 

Additionally, with advantages in terms of location, human resources and investment climate, the country had sufficient conditions for TTI to invest in a strategic production hub and a research and development (R&D) centre to export its products to global markets, he noted.

Phúc said Việt Nam held huge potential for investment, especially in high technology, asking TTI to expand hi-tech investment in Đà Nẵng City, HCM City and Hà Nội.

Confirming the continuous improvement of the investment and business climate, he said many big businesses had invested in Việt Nam to produce hi-tech products for export to global markets.

The Vietnamese Government welcomed projects such as that of TTI, and it would prioritise supporting the group, Phúc noted.

TTI Chairman Pudwill said he had noticed a number of long-term business opportunities in the Southeast Asian nation. 

He appreciated the support his firm has received from the HCM City People’s Committee and relevant agencies, expressing his wish to invest more in Việt Nam to export many products to the world, which is also an effective way to popularise the country.

TTI would strongly invest in R&D and also develop a German-standard vocational school to train Vietnamese technicians, he said, adding that many of the group’s satellite companies were set to come to Việt Nam to join the supply chain.

Pudwill voiced his hope that TTI’s revenue would grow further thanks to its investment in the country. — VNS