At the handover of the cooperation agreement between the US’s Quantum Group and a Vietnamese joint venture - Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL). (Photo: VNA)

The joint venture was established between the Kinhbac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL).

At the reception, Savkur said based on its resources and financial strengths, Quantum is committed to making contribution to Vietnam’s development, initially with a series of projects worth US$20 - 30 billion in total.

Quantum wishes to make large investments across many important fields in Vietnam and to cooperate with Vietnamese partners to build a healthcare system combining the western high technology and the eastern traditional medicine, the CEO said.

He added his company intends to channel capital into building a technology centre for COVID-19 vaccine production in Vietnam.

Praising the US group’s potential and achievement worldwide, President Phuc said they are long-term and strategic projects in Vietnam, and hoped Quantum to promote those on biotechnology research in caring and protecting people's health.

The official requested Vietnam’s ministries of Planning and Investment, Industry and Trade, and Construction assist Quantum and the KBC and SAIGONTEL in successfully implementing their projects in Vietnam.

He stated Vietnamese ministries, sectors and localities will create best conditions possible in terms of administrative procedures and business climate for Quantum to soon launch its investment projects.

President Phuc said he wanted Quantum, as a capital contributor of Pfizer, would push the vaccine producer to continue its cooperation in the supply of COVID-19 vaccines to Vietnam.

The State leader highlighted the robust growth of Vietnam – US ties across all spheres and said he believes based on the experience and capacity of and cooperation achievement between Quantum, KB, and SAIGONTEL, the joint venture’s new investment projects will reap further successes in the future.