Business

Government always creates optimal conditions for US firms, says PM

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.
Government always creates optimal conditions for US firms, says PM ảnh 1Prime Minister Nguyen Xuan Phuc (R) receives Chairman and CEO of JP. Morgan Jamie Dimon in Hanoi on May 3 (Photo: VNA)

Hanoi(VNA) - The Vietnamese Government always creates favourable conditions for USenterprises, 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, Chairmanand CEO of JP. Morgan in Hanoi on May 3, during which he stressed that Vietnamneeds big partners like the US firm to join the underway economic restructuringprocess in the country.

While praising the role played by JP. Morgan in the international financialmarket, PM Phuc applauded its active participation in the equitisation of Vietnam’smajor enterprises in the recent past.

PM Phuc said that the flow of US investment into Vietnam is increasing, notingthat Vietnam is constantly improving its investment environment, andencouraging 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 businessesto invest in Vietnam, thus actively boosting trade ties between the twocountries on a mutually beneficial basis.

The PM pointed out that the US-ASEAN Business Council (USABC), US businessesand major financial organisations have highly valued the business andinvestment environment of Vietnam, as well as its stable economy, adding thatthis 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 topromote the country’s economic growth, especially in the restructuring andequitisation of the banking system, adding that JP. Morgan is ready toparticipate in this process.

Vietnam is an emerging economy in the region, with the fastest economic growthand tireless efforts to intensively reforming its economy, he noted.

Dimon affirmedthat JP. Morgan always wants to do long-term business in Vietnam, towards providingthe best financial services to its partners, businesses and credit institutionsin the country.-VNA
VNA
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