JP Morgan Boosts Financial Cooperation with Vietnam
JP Morgan Group president Jamie Dimon had a working session with Vietnam’s Minister of Finance Vu Van Ninh to enhance financial cooperation with Vietnam.
Jamie Dimon hailed Vietnam’s economic development progress and expressed his desire to become a financial advisor for Vietnam in the future.
JP Morgan will be an advisor for the equitization of local banks, bond and share issuance by economic groups, the capital mobilization of leading companies, and act as agent for bond issues.
In the short term, JP Morgan to help advise the equitization of the Bank for Investment and Development (BIDV) and the Industrial and Commercial Bank (Incombank).
The US investors are now interested in Vietnam’s financial market. JP Morgan will hold a meeting for investors in the US, to introduce and market Vietnam’s policies on capital attraction to them, said Jamie Dimon.
JP Morgan is considering long term investment into Vietnam.
Financial Minister Ninh expressed his thanks to JP Morgan and appreciated the ideas of long term investment. He hoped Vietnam will draw many more American investors in the coming time.
Vietnam is expected to receive more support from JP Morgan in personnel training, Ninh said. (Vietnam and World Economy)
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