Nasdaq commits to supporting Vietnamese businesses

June 27, 2023 | 10:43
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Nasdaq has pledged to support Vietnamese enterprises as VinFast gears up for its highly anticipated listing, signalling a significant milestone for the nation's automotive industry that is set to attract global investor interest.
Nasdaq commits to supporting Vietnamese businesses

In a further demonstration of his commitment to advancing Vietnam's economic prospects, Prime Minister Pham Minh Chinh participated in the Vietnam-World Economic Forum (WEF) National Strategic Dialogue held on the afternoon of June 26. The event took place in China and brought together 50 global corporate leaders.

PM Chinh seized the opportunity to foster collaboration and explore new avenues for economic growth with a notable meeting with Robert H. McCooey, Jr., vice chairman of Nasdaq Group, solidifying Nasdaq's commitment to supporting Vietnamese businesses.

The PM expressed his gratitude for Nasdaq's interest and support. He hoped that Nasdaq would engage in discussions and share insights with Vietnam on the monetary policies of major countries, global financial market trends, and experiences to foster the development of the domestic capital market.

Meanwhile, McCooey praised the financial and monetary management policies of the Vietnamese government. He also expressed confidence in the dynamic development of Vietnamese businesses and committed to supporting them in their global expansion. The vice chairman of Nasdaq also expressed his desire to welcome prime minister Chinh to visit the Nasdaq stock exchange as soon as possible.

At the same time, a significant development is taking shape in Vietnam's business landscape, as the country's leading automaker VinFast makes preparations for its highly anticipated listing on Nasdaq.

This impending listing is poised to be a landmark event for VinFast, propelling the company onto the global stage and attracting international investors seeking exposure to Vietnam's promising automotive market.

With its innovative electric vehicles and ambitious growth plans, VinFast's listing on Nasdaq holds the potential to bolster the reputation of Vietnam's automotive industry and showcase the nation's technological prowess to a wider audience of investors and industry players.

The strategic alignment between Nasdaq and VinFast underscores the increasing recognition of Vietnam as a burgeoning hub for innovation and entrepreneurship, solidifying its position as an attractive investment destination in the global marketplace.

PM Chinh’s engagement with Nasdaq and the upcoming VinFast listing exemplify Vietnam's proactive approach in seeking partnerships and opening doors for international investment. These developments align with the country's ongoing efforts to entice foreign investment, foster economic growth, and position itself as a prominent player in the global market.

Furthermore, on the afternoon of June 26, the PM also received Professor Klaus Schwab, founder and executive chairman of the WEF, and witnessed the signing of an MoU between Vietnam and the WEF for the 2023-2026 period.

Prime minister Chinh and Professor Schwab engaged in in-depth discussions on the major themes of the upcoming WEF annual meeting, scheduled to take place in Davos, Switzerland in January 2024.

Both parties agreed that new technology and AI, particularly in terms of manufacturing, services, agricultural development, and skills training, should be the focal points of interest at the conference.

The professor extended a gracious invitation to PM Chinh to attend WEF Davos in January. The PM also invited Professor Schwab and WEF leaders to visit Vietnam soon to deliver speeches and inspire Vietnamese youth about the latest global development trends. Both sides agreed to arrange these visits in the near future.

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By Nhat Minh

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