Minister of Finance Nguyen Van Thang and Mr. Karl Yeh, Managing Director and Head of Public Sector Coverage for Asia Pacific at JP Morgan Bank (USA) had a working session in London on October 28, during which representatives of Vietnam's Ministry of Finance and JP Morgan Bank signed a Memorandum of Understanding (MOU) on cooperation in the field of international finance.
The working session took place in the framework of Vietnam's Party General Secretary To Lam's official visit to the UK.
The MOU outlines two key areas of focus: cooperating to enhance the Vietnamese government's access to and mobilization of international capital sources, and organizing meetings and dialogues with international investors to strengthen the promotion of Vietnam's image in the global financial market.
The signing of this cooperation MOU with JP Morgan also affirms Vietnam's commitment to expanding international financial cooperation, enhancing its capacity for sustainable public debt management, and strengthening Vietnam's position in the global financial market.
During the working session, Minister Nguyen Van Thang highly appreciated JP Morgan's reputation and standing in the international financial market, and acknowledged the bank's significant contributions in advising the Vietnamese government on international capital mobilization, as well as supporting Vietnamese enterprises in their equitization and financial restructuring processes.
On behalf of JP Morgan Bank, Mr. Karl Yeh expressed gratitude for the cooperation from Vietnam's Ministry of Finance and affirmed that the bank will continue to share its experience and expertise to support Vietnam in its strategy for developing capital markets and international finance.
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