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.
Prime 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
The Vietnamese National Assembly (NA) wants to hear US investors’ comments on recent improvements of the Vietnamese investment environment, said NA Vice Chairman Uong Chu Luu.
Deputy Minister of Industry and Trade Hoang Quoc Vuong and Sandra Oudkirk, Deputy Assistant Secretary at the Bureau of Energy Resources of the US co-chaired the first Vietnam-US Energy Security Dialogue in Hanoi on March 30.
Vietnamese Ambassador to the United States Pham Quang Vinh has expressed support for the entrepreneurship of Vietnamese students in the US during a recent working trip to Boston, Massachusetts.
The Centre for Strategic and International Studies held a dialogue on Vietnam – US relations with Vietnamese Ambassador to the US Pham Quang Vinh and US Ambassador to Vietnam Daniel Kritenbrink,
The Vietnamese Government will create most possible favourable conditions, which are in accordance with domestic and relevant international laws, for US enterprises, said Deputy Prime Minister Vuong Dinh Hue.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Prime Minister Nguyen Xuan Phuc (R) receives Chairman and CEO of JP. Morgan Jamie Dimon in Hanoi on May 3 (Photo: VNA) 
