Government always creates optimal conditions for US firms, says PM
The Vietnamese Government always creates favourable conditions for US enterprises, including JP. Morgan, to do business successfully in the country, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc (R) receives Chairman and CEO of JP. Morgan Jamie Dimon in Hanoi on May 3 (Photo: VNA)
Hanoi(VNA) - The Vietnamese Government always creates favourable conditions for USenterprises, including JP. Morgan, to do business successfully in the country,Prime Minister Nguyen Xuan Phuc has said.
The Government leader made the statement during a reception for Jamie Dimon, Chairmanand CEO of JP. Morgan in Hanoi on May 3, during which he stressed that Vietnamneeds big partners like the US firm to join the underway economic restructuringprocess in the country.
While praising the role played by JP. Morgan in the international financialmarket, PM Phuc applauded its active participation in the equitisation of Vietnam’smajor enterprises in the recent past.
PM Phuc said that the flow of US investment into Vietnam is increasing, notingthat Vietnam is constantly improving its investment environment, andencouraging large US firms to invest in the fields of finance, banking, energy,and high technology.
He suggested JP. Morgan, with its reputation and experience, encourage more US businessesto invest in Vietnam, thus actively boosting trade ties between the twocountries on a mutually beneficial basis.
The PM pointed out that the US-ASEAN Business Council (USABC), US businessesand major financial organisations have highly valued the business andinvestment environment of Vietnam, as well as its stable economy, adding thatthis is a good premise for JP. Morgan to expand its investment in the country.
Dimon, for his part, said the Vietnamese Government is on the right track topromote the country’s economic growth, especially in the restructuring andequitisation of the banking system, adding that JP. Morgan is ready toparticipate in this process.
Vietnam is an emerging economy in the region, with the fastest economic growthand tireless efforts to intensively reforming its economy, he noted.
Dimon affirmedthat JP. Morgan always wants to do long-term business in Vietnam, towards providingthe best financial services to its partners, businesses and credit institutionsin the country.-VNA
The Vietnamese National Assembly (NA) wants to hear US investors’ comments on recent improvements of the Vietnamese investment environment, said NA Vice Chairman Uong Chu Luu.
Deputy Minister of Industry and Trade Hoang Quoc Vuong and Sandra Oudkirk, Deputy Assistant Secretary at the Bureau of Energy Resources of the US co-chaired the first Vietnam-US Energy Security Dialogue in Hanoi on March 30.
Vietnamese Ambassador to the United States Pham Quang Vinh has expressed support for the entrepreneurship of Vietnamese students in the US during a recent working trip to Boston, Massachusetts.
The Centre for Strategic and International Studies held a dialogue on Vietnam – US relations with Vietnamese Ambassador to the US Pham Quang Vinh and US Ambassador to Vietnam Daniel Kritenbrink,
The Vietnamese Government will create most possible favourable conditions, which are in accordance with domestic and relevant international laws, for US enterprises, said Deputy Prime Minister Vuong Dinh Hue.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Prime Minister Nguyen Xuan Phuc (R) receives Chairman and CEO of JP. Morgan Jamie Dimon in Hanoi on May 3 (Photo: VNA) 
