Wednesday, October 18 2017

VietNamNews

PM supports Nasdaq’s co-operation with Vietnamese firms

Update: May, 30/2017 - 17:42
Prime Minister Nguyễn Xuân Phúc meets with Robert H McCooey Jr, senior vice president of Nasdaq’s Listing Services in New York on Monday (local time). — VNA/VNS Photo Thống Nhất
Viet Nam News

NEW YORK – Prime Minister Nguyễn Xuân Phúc has expressed his wish that, with its reputation and influence, the Nasdaq Stock Market would further expand co-operation with and provide stronger assistance for Vietnamese enterprises, including the VNG Joint Stock Company, to list their shares on the US stock market.

While receiving Robert H McCooey Jr, senior vice president of Nasdaq’s Listing Services in New York on Monday (local time), PM Phúc said the Vietnamese Government supports and hopes the co-operation between Nasdaq and VNG would bring success to both sides and contribute to the enhancement of Việt Nam-US economic and trade relations in the time ahead.

Many US companies have been successfully investing, producing and doing business in Việt Nam, making important contributions to the achievements of economic and trade co-operation between the two nations, he said, adding that Việt Nam wants to see more US enterprises to pour investment into Việt Nam and vice versa.

On his part, McCooey Jr spoke highly of the PM’s and the Vietnamese Government’s efforts to implement policies to strongly back businesses and improve the investment environment.

He told PM Phúc that Nasdaq has signed a Memorandum of Understanding with VNG on listing the company’s shares on the US stock market.

McCooey Jr said Nasdaq was impressed with VNG’s business accomplishments and believed that after being listed on the Nasdaq stock market, VNG would become a bright spot in terms of a startup model in Viet Nam and attract more interest from the world finance market.

The vice president also expressed his desire to expand co-operation with Vietnamese businesses and receive more support from the Prime Minister as well as the Vietnamese Government in the future.

Nasdaq is one of the world’s leading stock markets, while VNG is among the largest internet and technology companies in Việt Nam and Southeast Asia, with over 2,000 employees and tens of millions of users around the globe. — VNS

 

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