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Vietnamese President visits New York Stock Exchange (20/6)
06/08/2010 - 81 Lượt xem
New York is the first place that Mr Triet came to in his
five-day visit to the US. This city is famous with the NYSE and the NASDAQ
stock exchanges. New York is considered the capital of the world financial
market and the NYSE is the heart of that capital. Two years ago, during his
official visit to the US in June 2005, Prime Minister Phan Van Khai also paid a
visit to the NYSE.
Also on June 19, representatives of the Citigroup, led by
its Chairman Chuck Prince, came to greet President Triet. During the meeting
with the Vietnamese President, the Citigroup Chairman expressed his admiration
to Vietnam’s outstanding development. He said that along with the development
of the Vietnamese economy, the country’s investment environment is very
potential and Citigroup wants to participate in various fields of the
Vietnamese economy.
After the meeting, under Mr Triet’s witness, Citigroup
signed loan agreements worth more than US$400 million with the Electricity of
Vietnam (EVN) group, the Vietnam Shipping Lines Corporation (Vinalines), and
the Vietnam Coal and Mineral Group (Vinacomin).
Specifically, EVN will borrow capital from Citigroup to
develop business. This is a new development in banking and finance cooperation
between Citi and EVN. The fields of cooperation include electric and telecom
charge payment service through bank, telecom services, forex trading and
capital management, risk management, deposit investment and other payment
services.
Meanwhile, Vinacomin selected Citigroup as the consulter for
its first bond issuance in Vietnam. For Vinalines, the loan from Citigroup will
be used to develop its flotillas and port projects. Under its development plan
from now to 2010, Vinalines will double its vessels and develop large-scale
seaports so it needs huge sources of capital for those projects.
According to Jeffrey Shafer, Vice Chairman of the Citigroup,
who is in charge of global banking services, the Vietnamese economy is growing
very rapidly and is integrating into the world market. Vietnamese companies,
thus, will seek to increase foreign capital and foreign financial sources to
raise their competitiveness. Citigroup is willing to assist Vietnamese
companies in this significant period of development.
Also on June 19 morning, President Triet met with the
representatives of the Ford Foundation and overseas Vietnamese in Canada.
At the same time, the Vietnam – US business forum was held
in New York. In the afternoon of June 19, Mr Triet visited the headquarters of
the American textile-garments group, met with the United Nations Secretary
General Ban Ki Moon and US financial investors.
|
American groups hail Vietnamese
President's visit The Washington Post, the US's major newspaper, on June 19
ran a half-page letter by 10 American groups, describing the visit as a
milestone to further deepen Vietnam-US ties. The letter said that exports from the US to Vietnam
increased by 300 percent since the two countries signed the Bilateral Trade
Agreement in 2000. Joining the World Trade Organisation earlier this year,
Vietnam has became a full partner in the world business community. |
Tuan Nguyen (from New York)
Source: VietNamNet Bridge
