On the afternoon of October 28, 2025, within the framework of the sideline activities of the official visit to the UK by General Secretary To Lam and his wife, Vietnamese Minister of Finance Nguyen Van Thang had a bilateral meeting with Mr. Karl Yeh, Executive Director in charge of the Public Administration and Government of the Asia Pacific region, JP Morgan Bank, one of the world's leading financial institutions.
At the meeting, Minister Nguyen Van Thang highly appreciated the prestige and position of JP Morgan Bank in the international financial market, and acknowledged JP Morgan Bank's positive contributions to the Vietnamese Government in advising on capital mobilization in the international market over the years. Support from JP Morgan Bank in its role as an investment bank for Vietnamese enterprises in the process of equitization, financial restructuring, etc. is also very meaningful.
Minister Nguyen Van Thang hopes that in the coming time, JP Morgan Bank will continue to support the Government, as well as Vietnamese enterprises.
JP Morgan Bank thanked the Vietnamese Ministry of Finance and said it will continue to cooperate closely with the Vietnamese Ministry of Finance, sharing JP Morgan's experience and expertise to support Vietnam in its international capital and financial market development strategy.
On this occasion, the Ministry of Finance of Vietnam and JP Morgan Bank signed a Memorandum of Understanding marking a new step in the cooperative relationship between the two sides.
According to the Memorandum of Understanding, the two sides agreed:
(i) Cooperate together to promote access to and mobilization of international capital sources of the Vietnamese Government;
(ii) Organize contact activities with international investors to enhance dialogue and promote Vietnam's image in the global financial market.
The signing of a Memorandum of Understanding with JP Morgan Bank demonstrates Vietnam's commitment to expanding international cooperation, improving the capacity to mobilize and manage sustainable public debt, and at the same time contributing to strengthening Vietnam's position in global financial markets.
