US private equity firm Warburg Pincus aims to help Vietnam build hi-tech data center

CEO Jeffrey David Perlman of the firm expressed this intention during his meeting with Vietnamese State President Luong Cuong in New York on Monday.

The meeting was part of President Cuong’s working trip to the U.S. from September 21 to 24 for the High-Level General Debate of the 80th session of the United Nations General Assembly and related bilateral activities.

During the talks, Perlman, who also serves as chairman of the U.S.-ASEAN Business Council, introduced Warburg Pincus as one of the world’s oldest private equity firms, headquartered in New York.

Recognized as a leading Wall Street company and a top global growth investor, the firm has invested over US$115 billion in more than 1,000 companies worldwide.

In recent years, it has invested more than $2 billion in Vietnam, becoming the country’s largest private equity investor with a strong focus on developing digital infrastructure.

Expressing gratitude for the Vietnamese government’s consistent support for foreign investors, including Warburg Pincus, Perlman emphasized the firm’s wish to assist Vietnam in building a high-tech data center in line with the country’s strategic development targets.

He also highlighted ongoing collaboration with Vietnamese partners to promote Vietnam’s image and business potential on the international stage.

Perlman praised Vietnam’s achievements in implementing a two-tiered local government system and administrative reforms, noting that these measures have streamlined procedures and facilitated foreign investment.

Drawing on this positive environment, he expressed hope for continued government support to ensure the firm’s effective operations in Vietnam.

President Cuong welcomed Warburg Pincus’s sustainable investments, recognizing the firm’s contributions to Vietnam’s infrastructure, finance, trade, and healthcare sectors.

He emphasized Vietnam’s commitment to deepening its comprehensive strategic partnership with the U.S. and encouraged Warburg Pincus, as one of America’s oldest and most influential investment firms, to continue making concrete contributions to enhancing bilateral cooperation.

The president also expressed support for the firm’s specific investment proposals and urged close engagement with Vietnamese partners to implement them effectively and expand investment activities in the Southeast Asian country.

Affirming the Vietnamese government’s commitment to supporting capable and dedicated investors like Warburg Pincus, he expressed confidence that the company would continue to serve as a strategic partner contributing to Vietnam’s sustainable economic development.