PM supports Nasdaq’s cooperation with Vietnamese firms

PM Nguyen Xuan Phuc (right) meets with Robert H.McCooey Jr, senior vice president of Nasdaq. — Photo

Prime Minister Nguyen Xuan Phuc has expressed his wish that, with its reputation and influence, the Nasdaq Stock Market would further expand cooperation with and provide stronger assistance for Vietnamese enterprises, including the VNG Corporation (VNG), 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 May 29 (local time), PM Phuc said the Vietnamese Government supports and hopes the cooperation between Nasdaq and VNG would bring success to both sides and contribute to the enhancement of Viet Nam-US economic and trade relations in the time ahead.

Many US companies have been successfully investing, producing and doing business in Viet Mam, making important contributions to the achievements of economic and trade cooperation between the two nations, he said, adding that Viet Nam wants to see more US enterprises to pour investment into Viet 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 Phuc 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 cooperation 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 Viet Nam and Southeast Asia, with over 2,000 employees and tens of millions of users around the globe. — VNS

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