PM: Vietnamese Government always creates fovourable conditions for US firms
The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyen Xuan Phuc has said.
The Government leader made the statement during a reception for Jamie Dimon, Chairman and CEO of JP. Morgan in Hanoi on May 3, during which he stressed that Vietnam needs big partners like the US firm to join the underway economic restructuring process in the country.
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PM Phuc said that the flow of US investment into Vietnam is increasing, noting that Vietnam is constantly improving its investment environment, and encouraging large US firms to invest in the fields of finance, banking, energy, and high technology.
He suggested JP. Morgan, with its reputation and experience, encourage more US businesses to invest in Vietnam, thus actively boosting trade ties between the two countries on a mutually beneficial basis.
The PM pointed out that the US-ASEAN Business Council (USABC), US businesses and major financial organisations have highly valued the business and investment environment of Vietnam, as well as its stable economy, adding that this is a good premise for JP. Morgan to expand its investment in the country.
Dimon, for his part, said the Vietnamese Government is on the right track to promote the country’s economic growth, especially in the restructuring and equitisation of the banking system, adding that JP. Morgan is ready to participate in this process.
Vietnam is an emerging economy in the region, with the fastest economic growth and tireless efforts to intensively reforming its economy, he noted.
Dimon affirmed that JP. Morgan always wants to do long-term business in Vietnam, towards providing the best financial services to its partners, businesses and credit institutions in the country.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years