Information from the Vietnam Securities Commission (SSC) today (September 23) said that, following the success of a series of working programs in the United States, on September 22 (New York time), Prime Minister Pham Minh Chinh visited, worked and rang the trading bell at the Nasdaq Stock Market.
Immediately after the bell-ringing ceremony, witnessed by Prime Minister Pham Minh Chinh and many ministers, Chairwoman of the State Securities Commission Vu Thi Chan Phuong and Vice Chairman of Nasdaq Group Robert H. McCooey Jr. signed the Letter of Intent for cooperation between Nasdaq and the State Securities Commission of Vietnam.
The Prime Minister said that one of the important contents of the Comprehensive Strategic Partnership recently established between Vietnam and the United States is to promote economic, trade and investment relations. This is also an area in which the United States has strengths and Vietnam has the conditions and potential to promote. In addition to the focus on economic cooperation, the two sides also identified science, technology and innovation as breakthrough areas of cooperation...
According to Prime Minister Pham Minh Chinh, the Vietnamese stock market is continuing to develop, so the Prime Minister hopes and suggests that Nasdaq strengthen cooperation with the State Securities Commission and relevant agencies of Vietnam on the basis of mutual benefit, for the practical interests of the people of the two countries.
The Prime Minister affirmed that Vietnam will create the most favorable conditions for investors through implementing three strategic breakthroughs (perfecting institutions, mechanisms and policies; developing modern and synchronous infrastructure; training high-quality human resources), promoting administrative reform, protecting the legitimate and legal rights and interests of investors, helping businesses and investors reduce costs, increase competitiveness, and operate effectively and sustainably.
Speaking at the event, Vice President of Nasdaq Group Robert H. McCooey Jr. expressed his honor to have the Prime Minister and the high-ranking delegation of Vietnam visit, work and ring the trading bell of Nasdaq.
Nasdaq leaders also agreed with the Prime Minister on working together to promote innovative startups, hoping and believing that they will see more and more innovative startup activities in Vietnam under the management and direction of the Government. Nasdaq leaders also committed to promoting capital sources to support startup activities in Vietnam. "Hopefully in the future there will be more Vietnamese businesses listed on Nasdaq" - Robert H. McCooey Jr said.
Through the signing of the Letter of Intent for Cooperation, the two sides wish to promote investment and develop the capital market in Vietnam, in line with the orientation of cooperation between the two countries.
More specifically, the two sides agreed to continue promoting cooperation in a number of areas such as: Supporting the introduction to Nasdaq-listed enterprises about the benefits of doing business in Vietnam; facilitating dialogue between Nasdaq-listed enterprises and the Vietnamese Government; promoting Nasdaq to Vietnam; supporting potential enterprises to list on Nasdaq; supporting the development of the capital market in Vietnam...
Previously, on September 21, Prime Minister Pham Minh Chinh visited the New York Stock Exchange (NYSE) and rang the opening bell to open the trading session there.
New York City is famous for its two stock exchanges, the NYSE and Nasdaq. The NYSE (founded in 1792) includes publicly traded companies, while the Nasdaq (1971) specializes in listing high-tech-information technology stocks.
Compared to the world's largest stock exchange, NYSE, Nasdaq is quite young in age but has been a very active stock exchange in recent years. On August 15, electric car company VinFast was listed on Nasdaq Global Select Market - part of the Nasdaq stock exchange. Nasdaq Global Select Market currently has about 1,480 businesses.
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