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Vietnam Today

PM encourages Vietnamese businesses to list on NASDAQ

Released at: 10:12, 30/05/2017

PM encourages Vietnamese businesses to list on NASDAQ

Prime Minister Nguyen Xuan Phuc (R) hosts Robert H. McCooey Jr, Senior Vice President of Nasdaq’s Listing Services (Photo: VNA)

PM meets with VP of stock market on first day of visit to US.

by Hai Van

Prime Minister Nguyen Xuan Phuc has expressed his desire for Vietnamese businesses to list on the NASDAQ stock market in the US.

Within the framework of his official visit to the US, on May 29 (local time) the Prime Minister met with Mr. Robert H. McCooey Jr., Vice President of NASDAQ.

He emphasized that there are a huge number of US enterprises investing successfully in Vietnam, which contributes to trade and economic cooperation between the two countries.

“Vietnam wants more and more US businesses investing in Vietnam and vice-versa,” he said. “Cooperation is based on mutual benefit.”

Mr. McCooey appreciated the fact that the Prime Minister and the Vietnamese Government are carrying out many supportive policies for US businesses and congratulated Vietnam for its achievements in business development.

He also said that NASDAQ has signed a memorandum of understanding (MoU) with VNG Corporation over its expected listing as well as other enterprises operating in information technology and digital content in Vietnam.

NASDAQ has been impressed by VNG’s business performance, he went on, and believes that after a successful listing it will present a positive example for startups in Vietnam.

He also believes the MoU with VNG is a good lesson for Vietnamese businesses to study, supporting them in accessing US capital markets via NASDAQ.

“We always want to provide the best conditions to enterprises and help them achieve success,” he said.

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