Vietnam seeks to boost economic ties with Japan, US, Australia

Online talks between Head of the Party Central Committee’s Economic Commission Nguyen Van Binh and leading officials of JBIC, DFC and EFA (Source: VNA)

Hanoi - Vietnam hopes to make economic cooperation truly an important driver for its relations with Japan, the US, and Australia, Head of the Party Central Committee’s Economic Commission Nguyen Van Binh said on October 30.

He made the statement while holding online talks with leaders from the Japan Bank for International Cooperation (JBIC), the US International Development Finance Corporation (DFC), and Export Finance Australia (EFA).

The official affirmed that Vietnam’s relations with the three countries are flourishing, bringing about substantial benefits and contributing to peace, stability, cooperation, and development in the region and the world.

Highlighting Vietnam’s consistent policy of attracting foreign investment to infrastructure development, Binh said the country is making every effort to complete its institutions and policies as well as its business and investment environment.

Vietnam is willing to create favourable conditions for competent enterprises from Japan, the US, and Australia to invest in high-quality and environmentally-friendly infrastructure projects.

He also proposed the three organisations maintain financial support for infrastructure and supply chain development projects in Vietnam, and help connect businesses in Vietnam and those in their respective countries.

Leading officials from JBIC, DFC and EFA spoke highly of the Vietnamese Party and State’s policies on infrastructure development, affirming their strong commitment to intensifying cooperation with the country in infrastructure and energy.

They pledged to continue providing financial support for high-quality and sustainable projects in these fields, expressing their hope that the Vietnamese Government will continue improving the investment climate and complete policies and laws on investment in the public-private partnership (PPP) form, so as to better facilitate the operation of Japanese, US, and Australian enterprises in the country.