PM: Gov’t facilitates Japanese businesses' investment in Vietnam

October 19, 2016 | 14:11

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PM Nguyen Xuan Phuc on October 18 hosted a reception for a delegation of Japanese businesses led by Yoichi Kobayashi, Chairman of the Mekong-Japan Business Cooperation Committee from the Japan Chamber of Commerce and Industry (JCCI) in Ha Noi.

Photo: VGP/Quang Hieu

He welcomed the Japanese business delegation to seek further cooperation and investment in Viet Nam.

The PM hailed the development in Viet Nam-Japan relations in all areas, especially after the two elevated their relations to the Extensive Strategic Partnership for Peace and Prosperity in Asia.

He praised the cooperation between the Vietnamese Ministry of Planning and Investment (MPI) and the JCCI. Japan is currently the largest Official Development Assistance (ODA) provider for Viet Nam and ranks second among largest investors in Viet Nam with US$42 billion in 3,000 projects.

He proposed the JCCI cooperate with the Vietnamese functional agencies to successfully launch the action plan to accelerate prioritized industrial areas in the Viet Nam Industrialization Strategy as well as effectively realize the sixth phase of Viet Nam-Japan Joint Initiative and its next phases.

The Government chief also suggested the JCCI support the Japanese small and medium-sized enterprises to invest in Viet Nam in fields of electronics, agricultural machines, agricultural and aquatic product processing, shipbuilding, environment, energy and automobile production.

The two sides need to take full advantages of opportunities brought from the achievements in the political relations, commercial polices and new free trade agreements, he asserted.

Mr. Yoichi Kobayashicho said that at his meeting with the MPI, the Committee made proposals for improving the investment environment in Viet Nam and requested the Vietnamese functional agencies to tackle difficulties for Japanese enterprises operating in Viet Nam.

He expected that in the future, more Japanese businesses will invest in Viet Nam, mentioning to the number of more than 1,600 Japanese enterprises launching their operation in Viet Nam.

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