Quang was speaking at a meeting on March 4 with Nitin Darbari, senior vice president of P&G Malaysia, Singapore, and Vietnam.

P&G is one of the leading US multinational companies in the consumer industry, and has invested $450 million in Vietnam since 1995.

The deputy prime minister highly appreciated P&G's investment in Vietnam which has contributed to socioeconomic development and Vietnam-US relations.

Quang asked P&G to expand its partnerships, create conditions for Vietnamese businesses to join the group's supply chain, and provide training for human resources in Vietnam.

He said that the Vietnamese government is focused on improving the investment environment and driving transformation to create new advantages for foreign enterprises to maintain long-term production and business in Vietnam.

He also lauded the government’s efforts to turn Vietnam into a centre for foreign investment attraction while overcoming global headwinds to achieve a GDP growth rate of over 5 per cent in 2023.

Darbari highlighted that P&G considered Vietnam one of its strategic markets, and plans to transform the country into a regional manufacturing hub to provide stable supplies for its other markets.

The group has a plan to expand its production line for razors from 2024-2026 and bring new razor blade manufacturing technology to Vietnam to export to Asia-Pacific markets. This advanced technology is only available in the United States and Germany as part of P&G’s manufacturing chain at present.