PM chairs seminar with 15 Japanese corporations

Photo: VGP/Nhat Bac

Addressing the businessmen, PM Dung asserted that Viet Nam has been transiting to a new development period with a more sustainable macro-economy and higher economic growth. The GDP growth in the first half of the year rose 6.28% and is expected to attain 6.5% for the year, the record high since 2011.

Along with completing the market economy, developing human resources and infrastructure, Viet Nam has coordinated with other nations in ASEAN to establish an ASEAN Community by the end of this year, he said.

Viet Nam and its partners including the US and Japan have accelerated the Trans-Pacific Partnership negotiations. The nation inked a series of Free Trade Agreements, which help facilitate free trade between Viet Nam and 55 nations, including 15 ones in the G-20.

The PM highlighted the extensive Strategic Partnership relations between Viet Nam and Japan. Japan is the largest Official Development Assistance (ODA) provider for Viet Nam, illustrated by the sum of US$27 billion over the recent 20 years. It is also the third largest trade partners of Viet Nam with the two-way trade turnover reaching nearly US$30 billion and is among top investors pumping in US$38 billion so far.

Viet Nam has taken synchronously a number of measures in terms of tax, customs, social insurance, land and electricity access to maki it easier for investors, the PM stressed.

The nation has strived to develop its business environment to the average of ASEAN-4 by 2016, showing its efforts in improving the business and investment environment to international standards.

The Vietnamese Government facilitates the effort by Foreign Direct Investment (FDI) enterprises in general and Japanese ones in particular to launch their business in Viet Nam, he pledged.

At the seminar, the PM and some ministers listened and answered questions raised by the participating corporations, especially on issues related to mechanisms and policies on the auxiliary industry and vocational training, car production, energy development, infrastructure, customs, real estates and ODA.

Highly evaluating the determination of the Vietnamese Government in perfecting the business and investment environment, these Japanese corporations affirmed their hopes to expand investment and operation in Viet Nam.

The previous seminar was held in 2013, attracting the participation of 11 large corporations.

The event creates an opportunity for the Vietnamese Government and Japanese businesses to frankly discuss obstacles to investment and production processes in Viet Nam.