Businesses significant to VN-Japan strategic partnership: PM Phuc

Photo: VGP

Addressing the Viet Nam-Japan business talks in Ha Noi on the morning of January 17, the government leader noted that the Viet Nam-Japan relations are growing, with Japan being Viet Nam’s largest official development assistance (ODA) provider, second largest foreign direct investment (FDI) investor and fourth largest trade partner.

Japan has invested an additional US$2 billion in Viet Nam since May 2016, increasing its total investment capital into the Southeast Asian country to US$42 billion, he said, attributing those positive results to the significant contributions of both nations’ enterprises.

Viet Nam has exerted efforts to develop an open economy of intensive integration, stabilized the macro-economy and the socio-political situation, and actively and drastically improved the business climate towards breaking into the leading group of ASEAN in this issue, PM Phuc added.

He voiced his hopes that Japan would become the largest foreign investor in Viet Nam, while calling for Japanese investment in the fields of industry, high-quality infrastructure, high-quality services, finance, banking, tourism, high-quality agriculture,manufacturing, equitization of State-owned enterprises and support for startup projects.

The PM expressed the honour for Viet Nam to welcome Japanese Emperor Akihito and Empress Michiko on their first visit to the Southeast Asian nation in the future.

For his part, Japanese PM Shinzo Abe expressed his delight at the positive outcomes of the talks between enterprises and government officials of the two countries earlier the same day.

He spoke of Viet Nam as part of ASEAN- the center of the world’s economic growth while speaking highly of the significant contributions of over 1,600 active Japanese firms to Viet Nam's socio-economic development process.

PM Abe proposed that PM Phuc and the Vietnamese government continue supporting actively Japanese companies as well as listening to their aspirations.

Japanese businesses are keen on contributing to Viet Nam’s development through technology transfer and human resource training, and becoming good partners of Vietnamese enterprises, he affirmed.