The New York Stock Exchange will support to upgrade the Vietnamese market
Within the framework of a business trip to attend the ASEAN-My Special Summit, visit and work in the United States and the United Nations, on the afternoon of May 16 (local time), Prime Minister Pham Minh Chinh visited the Exchange. New York Stock Exchange (NYSE) – the largest stock exchange in the world.
Also on this occasion, the Prime Minister witnessed the awarding ceremony of two cooperation documents in the fields of finance, banking and investment funds between Vietnamese and US partners, including a cooperation document between the Securities and Exchange Commission and the US Securities and Exchange Commission. The State of Vietnam and the NYSE in support of market upgrading, building a mechanism for investors to participate in the two stock markets.
During a meeting with Prime Minister Pham Minh Chinh, NYSE leaders informed about the operation situation of the exchange, appreciated the development potential of the exchange. stock market Vietnam, discussed possibilities to enhance cooperation between the two sides.
Prime Minister Pham Minh Chinh informed about the development of Vietnam’s stock market and said that Vietnam is taking drastic measures to handle violations of a small number of investors to protect the majority of investors. Investors do genuine business, deploying many synchronous measures to make the market develop safely, transparently, effectively and sustainably.
The Prime Minister asked the NYSE to pay attention to support and share experiences to contribute to promoting the development of an effective and sustainable stock market in Vietnam, and to successfully build a regional financial center; at the same time, towards a sustainable, mutually beneficial partnership between the NYSE and its Vietnamese partners, contributing to promoting the Vietnam – US comprehensive partnership to become more and more practical and effective.
Speaking at the seminar, Prime Minister Pham Minh Chinh said that the fluctuations of the world situation are affecting economy countries, including the United States and Vietnam, we need to join hands to tackle these challenges. Over the past time, Vietnam has maintained macroeconomic stability, factors such as exchange rate, inflation, and interest rates are under control. Vietnam needs to develop its capital market, money market, bonds and stocks in a healthy and sustainable direction.
Vietnam also focuses on maintaining large balances in budget revenue and expenditure, import and export, energy, food security, labor supply and demand. The Prime Minister informed more about the implementation of the support package for the recovery and development program with a scale equivalent to 4% of GDP, focusing on 5 areas: Opening the economy with investment in improving health capacity , disease prevention and control; ensure social security and create jobs; support the recovery of enterprises, cooperatives and business households; investment and development of infrastructure; institutional reform, administrative reform, and improvement of the business investment environment.
In particular, the investment in infrastructure development aims to modernize the infrastructure system, create jobs, promote growth, create strategic changes and new development space for the country. Prime Minister emphasized.
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