US businesses incentivized to invest in Vietnam

At a May 3 reception for Jamie Dimon, Chairman and CEO of JP. Morgan in Hanoi, PM Phuc hailed the role played by JP. Morgan in the international financial market as well as its active participation in the equitisation of Vietnam’s major enterprises over the past years.

Vietnam wants major partners like the US firm to become involved in the underway economic restructuring process in the country, he told his guest.

The flow of US investment into Vietnam is on the rise and the country is ceaselessly improving its investment environment, and encouraging big US firms to invest in finance, banking, energy, and high technology, the government leader said.

He also assured the Vietnamese Government’s readiness to offer the best possible conditions for US enterprises, including JP. Morgan, to do business successfully in the country.

He suggested JP. Morgan, with its reputation and experience, encourage more US businesses to invest in Vietnam as a contribution to enhancing mutually beneficial trade links between the two nations.

The cabinet leader said the US-ASEAN Business Council (USABC), US businesses and major financial organizations have greatly valued the business and investment environment of Vietnam, as well as its stable economy, noting that this is a good premise for JP. Morgan to expand its investment in the country.

In reply, Dimon 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 while affirming JP. Morgan’s willingness to participate in this process.

Jamie Dimon expressed his impression on the Vietnamese economy with high economic growth rate and its sustained efforts to drastically reforming its economy.

He affirmed that JP. Morgan always desires to do long-term business in Vietnam through providing the best financial services to its partners, businesses and credit institutions in the country.