Prime Minister Pham Minh Chinh rang the Nasdaq stock exchange bell, calling on American businesses to invest in the fields of science, technology, and education and training.
On the morning of September 22 (the same evening Vietnam time), the head of the Government visited the Nasdaq stock exchange at the invitation of the exchange's leaders on the occasion of the World Economic Forum (WEF) in Tianjin (China).
Speaking before ringing the opening bell of the trading session, Prime Minister Pham Minh Chinh said one of the important contents of the newly established Comprehensive Strategic Partnership between Vietnam and the US is to promote economic, trade and investment relations. This is an area in which the US has strengths and Vietnam has the conditions and potential to promote.
Based on the good political relations between the two countries, the Prime Minister called on US businesses to increase investment in Vietnam in priority areas such as startups, innovation, science and technology, education and training, digital transformation, green transformation, circular economy, sharing economy, and energy transformation.
Prime Minister Pham Minh Chinh rings the bell at the Nasdaq stock exchange. Photo: Nhat Bac
Spending more than an hour working with Nasdaq leaders and meeting businesses introduced by Nasdaq, Prime Minister Pham Minh Chinh answered many concerns such as: How to develop science and technology; preferential policies to attract the world's leading companies to invest in Vietnam; how to develop tourism and the tourism industry; which industries will be expanded; what are the preferential tax policies?
The head of the Government 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; and training high-quality human resources.
Vietnam will also promote administrative reform, protect the legitimate rights and interests of investors; listen to resolve difficulties, help businesses and investors reduce costs, and increase competitiveness. "We value sincerity and trust in cooperation in the spirit of harmonious benefits and shared risks," said the Prime Minister.
According to him, Vietnam implements unified tax laws and policies among localities, such as two-year tax exemption and 50% tax reduction for the next four years for income from implementing new investment projects. Enterprises investing in high-tech industrial parks are exempted from tax for four years and have 50% tax reduction for the next nine years.
"Vietnam is a developing country, the economy is in transition, so we must act cautiously, quickly but sustainably," he said, affirming that he will protect the legitimate interests of investors and encourage businesses to invest in the fields of science and technology, innovation, and entrepreneurship.
Prime Minister Pham Minh Chinh receives a commemorative medal from Nasdaq Vice President Bob McCooey. Photo: Nhat Bac
Regarding tourism - a field that businesses consider to have great potential, the Prime Minister said that Vietnam will develop tourism products and accommodation facilities based on potential, strengths and in accordance with tourists' needs. The transportation system will be invested in synchronously and modernly; digital infrastructure will be developed; the capacity of the healthcare system will be improved to take care of tourists when needed.
In addition, the authorities also ensure security, safety, environmental sanitation, food hygiene and safety; deploy e-visas for citizens of all countries, increasing the duration of e-visas from 30 to 90 days. "With the friendliness, hospitality, and openness of the people, we strive for each tourist to come to Vietnam many times and stay longer than the previous time," said the Prime Minister.
Some businesses are interested in the electric vehicle market in Vietnam, wishing to transfer technology to develop electric vehicles. The Prime Minister said that Vietnam is not outside the green development trend, including green transportation. Vietnam is building mechanisms and policies to prioritize this issue; at the same time, considering cooperation and investment proposals from businesses on the basis of legal regulations.
Prime Minister Pham Minh Chinh (center) and leaders of ministries and sectors answer questions from US businesses about investment attraction policies. Photo: Nhat Bac
Nasdaq Vice President Bob McCooey said he was honored to welcome the Prime Minister and the Vietnamese delegation to visit and ring the opening bell for the trading session. He agreed with the proposal to cooperate to promote innovative startups, and hoped to see more and more startup activities in Vietnam under the management and administration of the Government. He pledged to promote capital sources to support startup activities in Vietnam.
At the meeting, Nasdaq and the State Securities Commission of Vietnam signed a letter of intent to continue promoting an increasingly close and effective relationship between the two sides.
A day earlier, Prime Minister Pham Minh Chinh visited the New York Stock Exchange (Nyse) and rang the opening bell for the trading session on September 21. New York City is famous for its two stock markets, Nyse (public) and Nasdaq (specializing in listing high-tech and information technology stocks). The capitalization of Nyse and Nasdaq is larger than all other stock exchanges in the world.
Most of the world's largest technology companies are listed here, including Microsoft, Apple, Amazon, Nvidia, Alphabet, Meta and Tesla... On August 15, VinFast rang the bell to debut on the Nasdaq Global Select Market, officially becoming a publicly listed company on the US stock exchange.
Prime Minister Pham Minh Chinh is on a working trip to the US from September 17-23, passing through three cities: San Francisco, Washington and New York to attend meetings at the United Nations General Assembly, combined with bilateral activities.
Vnexpress.net
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