Deputy Prime Minister Le Minh Khai hosted a reception in Hanoi on July 19 for Anthony Tan, Group CEO and Co-Founder of Grab. (Photo: VNA) Grab should upgrade its technology, adopt moresuitable and effective management methods, and harmonise the interests of the company, its employees,people, and the Singaporean and Vietnamese States, he emphasised.
To improve its reputation, raise confidence among thepublic and partners, and run long-term business in Vietnam, the company needsto share information in a timely and transparent way, the official continued.
The Deputy PM congratulated the company for its business success, noting that Vietnam highly values Grab’s cooperation with and support for the Vietnamese Government during and after the COVID-19pandemic, helping to ensure goods circulation and people’s access to necessities.
He lauded effective cooperation between thefirm and units of the Joint Stock Commercial Bank for Industry and Trade(Vietinbank), the Ministry of Planning and Investment and the Ministry ofAgriculture and Rural Development, among others, and suggested the company continuewith such partnerships.
Khai highlighted the strong and dynamic development of the Vietnam-Singapore strategic partnership, especially in economy, trade and investment, noting that despite the pandemic, two-way tradestill expanded, reaching 8.3 billion USD last year, up over 23%.
Singapore has become Vietnam’s biggest investor inthe Association of Southeast Asian Nations (ASEAN) with 2,934 valid projectsworth 69.86 billion USD, ranking second among 139 countries and territoriesinvesting in Vietnam. Notably, during the first half of this year, it topped the 84 countries and territories that invested in Vietnam, withtotal registered capital of 4.13 billion USD.
Vietnam always wishes to promote its friendship andstrategic partnership with Singapore, especially when the two countries will mark the 50th anniversary of their diplomatic ties and the 10th year of their strategic partnership in 2023, he affirmed.
Vietnam welcomes and encourages Grab’s cooperation planto support digital transformation, digital economic development and comprehensivefinance in the country, the Deputy PM said.
The Vietnamese Government stands ready to removeobstacles to the company in line with legal regulations, he affirmed.
For his part, Anthony Tan said Grab wishes to dolong-term business in Vietnam, and that it is working with Vietnamese partnersin outlining strategies in the local market.
Since 2014, Grab and its partners have contributed2.7 trillion VND (115.3 million USD) worth of tax in Vietnam, he told theDeputy PM./.
VNA
