Multinational economic JP Morgan Group has announced that it will invest at least another 1 billion USD in the Vietnamese securities market in 2008.

Mr Dang Thanh Tam, Chairman of Saigon Invest Group, accompanying Prime Minister Nguyen Tan Dung on his visit to European countries, on March 4 said that he had had a working session with JP Morgan Group.

During the working session, JP Morgan said that in 2008 it will invest at least 1 billion USD more in Vietnamese securities. The money will be mobilised from its customers in other Asian countries.

Accordingly, JP Morgan also agreed to provide consultancy to Tan Tao Corporation (ITA), which will list on Singapore’s securities floor in September.

Source: NLD

Translated by Vu Hung