Wednesday, November 21 2018

VietNamNews

Government creates optimal conditions for US firms: PM

Update: May, 04/2018 - 09:00
Prime Minister Nguyễn Xuân Phúc (r) receives Jamie Dimon, Chairman and CEO of JP. Morgan in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất

HÀ NỘI — The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyễn Xuân Phúc said.

The Government leader made the statement during a reception for Jamie Dimon, Chairman and CEO of JP. Morgan in Hà Nội yesterday, stressing that Việt Nam needs big partners like the US firm to join the underway economic restructuring process in the country.

While praising the role played by JP. Morgan in the international financial market, PM Phúc applauded its active participation in the equitisation of Việt Nam’s major enterprises in the recent past.

PM Phúc said that the flow of US investment into Việt Nam was increasing, noting that Việt Nam was 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 Việt Nam, 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 had highly valued the business and investment environment of Việt Nam, as well as its stable economy, adding that this was a good premise for JP. Morgan to expand its investment in the country.

Dimon, for his part, said the Vietnamese Government was 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 was ready to participate in this process.

Việt Nam was 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 wanted to do long-term business in Việt Nam, towards providing the best financial services to its partners, businesses and credit institutions in the country. — VNS

 

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