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Chinh, who is on a six-day trip to the U.S, had been invited by the world's largest stock exchange, where, welcoming him, NYSE vice president John Tuttle said: "We are willing to help get Vietnamese businesses listed on the NYSE and cooperate in cross-listing on each other's markets." After a meeting with NYSE executives and writing a comment in the guestbook, the PM stepped up to the podium and rang the bell to mark the start of trading at 9:30 a.m. He said it was an honor to be invited again after the first time in May last year when he rang the bell to close a session. He described the NYSE’s market capitalization of US$40 trillion very impressive. He called on the bourse to inform investors about the favorable investment and business environment in Vietnam based on the "warm" political relationship between his country and the U.S., especially after they upgraded their relationship to a comprehensive strategic partnership during President Joe Biden’s visit to Vietnam on … [Read more...] about Vietnam PM opens New York Stock Exchange trading session

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

Prime Minister Pham Minh Chinh rings the bell to open a trading session at the NYSE on September 21 morning (US time) (Photo: VNA) New York (VNA) - Prime Minister Pham Minh Chinh rang the bell to open a trading session at the New York Stock Exchange (NYSE) on September 21 morning (US time) while visiting the world largest stock exchange. At a brief meeting with NYSE Vice Chairman John Tuttle before the ceremony, PM Chinh expressed his impression at the NYSE capitalisation scale at 40 trillion USD. He asked the NYSE to help spread information on the favourable business and investment environment of Vietnam to investors, while encouraging companies to invest in Vietnam and supporting the connections between the Vietnam stock market with NYSE and other world leading stock exchanges in the context of the sound political relations between Vietnam and the US, especially after the elevation of the ties to a comprehensive strategic partnership. Vietnam also hopes to receive … [Read more...] about PM Pham Minh Chinh opens NYSE trading session

Vietnamese Prime Minister Pham Minh Chinh visited the New York Stock Exchange (NYSE) in New York City on Thursday morning (local time) and rang the bell to mark the start of the stock trading day. The top Vietnamese official paid his NYSE visit at the invitation of NYSE leaders. NYSE vice chairman John Tuttle and PM Chinh spoke briefly before the Vietnamese Premier rang the opening bell at 9:30 am. PM Chinh said that he was honored to be invited to the NYSE building for the second time to ring the bell. He also shared that he was impressed by the stock exchange’s current capitalization of US$40,000 billion. PM Chinh last visited the NYSE, the largest stock exchange in the world, in May 2022 to ring the closing bell. The prime minister proposed the NYSE encourage U.S. firms to make investments in Vietnam and help connect the Vietnamese stock exchanges with the NYSE and other top stock exchanges worldwide. PM Chinh also assigned the State Securities Commission of Vietnam … [Read more...] about Vietnamese PM rings opening bell at NYSE

The Vietnamese prime minister requested the bourse to advise investors of Vietnam’s favorable business and investment environment in his second visit to NYSE at the invitation of the world’s largest equities-based exchange. Vietnam’s Prime Minister Pham Minh Chinh rang the opening bell at the New York Stock Exchange’s Thursday trading session [September 21] local time. The New York Stock Exchange (NYSE)’s Vice President John Tuttle welcomed Prime Minister Chinh to mark the start of the session at 9:30 a.m. On the second time he was invited to the stock exchange after the first time on May 16, 2022, when he rang the bell to close a session, PM Chinh said the NYSE’s market capitalization of US$40 trillion was very impressive. PM Chinh was accompanied by the Finance Minister and other high-ranking cabinet members during the visit to strengthen bilateral ties and recognize the 78th Session of the United Nations General Assembly. Taking the upgrading of the US-Vietnam … [Read more...] about Vietnamese Prime Minister opens world’s largest stock exchange trading session

Mexico’s magazine Voces Del Periodista has run a story spotlighting the traditional ties between Vietnam and Latin America in general and Brazil in particular. (Photo: VNA) Mexico City (VNA) – Mexico’s magazine Voces Del Periodista (Voice of Mexican journalists) has run a story spotlighting the traditional ties between Vietnam and Latin America in general and Brazil in particular, on the occasion of Vietnamese Prime Minister Pham Minh Chinh ’s official visit to Brazil from September 23-26. The article, entitled "Vietnam opens its arms of friendship to Latin American countries", highlighted the image of a Vietnamese nation with increasing integration in all fields with friends all over the world, becoming an important factor in the Indo-Pacific region. Vietnam’s glorious history of national defence has inspired millions of peace-loving people around the world, it said, underlining that the country has risen from the ashes of war into a strong country playing a … [Read more...] about Vietnam opens arms wide to Latin American friends: Mexican journal

When did BlueScope’s investment story in research and development (R&D) begin? Dang Thanh Hung, Vice president of NS BlueScope Vietnam When BlueScope set foot in Vietnam in 1993, our country was just starting to open up, and all industries were in the early stages of development. So was the alloy-coated steel industry. Our market penetration enabled the alloy-coated steel industry to have first access to the two-phase aluminium-zinc coated technology (also known as galvalume steel), which quickly became a new industry standard. At that time, it was such a young market and we wondered about what needed to be done and what our business direction would be. And we have chosen what we are best at: leading in technological innovation in the alloy-coated steel industry. This is because have the unique advantage of more than a century of experience in developing alloy-coated steel technology globally. This was of great value in the context of a young domestic … [Read more...] about Three decades of pioneering R&D in alloy-coated steel

Prime Minister Pham Minh Chinh and his entourage arrived at Nanning airport on September 16 morning, starting his participation in the 20th China-ASEAN Expo and China-ASEAN Business and Investment Summit at the invitation of the Chinese Government. With his participation in the event, Vietnam sends out its clear and consistent message on the foreign policy of attaching importance to the relations with China, thus making bilateral relations develop in a healthy, stable, substantial and effective way in the time to come. Later on September 16, Prime Minister Pham Minh Chinh held talks with Chinese Premier Li Qiang. Both sides expressed their delight at and spoke highly of the progress in Vietnam-China relationship in recent years, especially since the historical China visit by Party General Secretary Nguyen Phu Trong in November last year. Underscoring the importance of the Vietnam-China relations in the overall foreign policy of each country, Prime Minister Chinh affirmed that … [Read more...] about PM active in China before attending CAEXPO, CABIS

The one-day forum featured one opening and two thematic sessions, and one plenary session - high-level dialogue. In his closing speech, National Assembly Chairman Vuong Dinh Hue said in terms of internal capacity and motivations of the economy, delegates opined that it is essential to develop the production sectors of the economy, including agriculture, industry and services; speed up the disbursement of public investment, stimulate consumption demand, develop the domestic market and improve labor productivity. He said they called for synchronous measures to tackle difficulties, restructure various markets, develop and tightly regulate currency, stock, insurance, corporate bond and real estate markets. It is also essential to promote goods distribution via digital platforms and e-commerce, and stimulate domestic tourism demand as well. According to experts, if 95% of the public investment plan for 2023 is disbursed, additional 2 percentage points to the GDP growth in 2023 will … [Read more...] about Vietnam Socio-Economic Forum 2023 wraps up

In January 2000, we established our first branch in San Jose, California, the heart of Silicon Valley. The director of that branch was a patriotic diasporic Vietnamese. But the American Dream did not come true for us. After merely one year of operations, FPT USA had to temporarily stop operating due to a lack of customers. We tried everything, with different people attempting to take the reigns of business development. From a Vietnamese expat to a graduate from prestigious MBA programs. What we received were critics, portraying our managers as "delusional about our corporate capability" and our programmers "weak in both expertise and language skills." It was a total failure. No one cared about a nameless company from Vietnam, a country only known then for the prolonged war. One of our then-potential customers was surprised to learn that it only took one hour to fly from Hanoi to Bangkok. He could not imagine the locations were so close, despite his own flying to Bangkok quite … [Read more...] about Working with American business partners requires understanding their way of thinking