Investment News

Foreign investments, including those made by Japanese firms, are a driving force for Vietnam’s development and improvement of national competitive capacity, said President Tran Dai Quang.

President Tran Dai Quang hosts a dialogue with leaders of Japanese large corporations in Tokyo on May 30

In a dialogue with leaders of Japanese corporations in Tokyo yesterday, President Quang noted that Vietnam welcomes Japanese investment in fields of Vietnam’s interest and Japan’s strengths like infrastructure construction, support industry, high-tech agriculture, energy, environment, finance, banking and the equitisation of State-owned firms.

Vietnam commits to creating favourable conditions for Japanese groups to invest and operate in the country, he underlined.

The President informed the Japanese businesses that Vietnam is striving to maintain annual GDP growth of 6.5-7 per cent during 2016-20 along with macro-economic stability while working to promote sustainable development coupled with environmental protection.

The moves will help Vietnam maintain its position as a dynamic nation and attractive destination for investment in ASEAN.

He stressed that the Vietnam-Japan Joint Initiative is an important channel to help Vietnam complete its policies and regulations, improve investment climate and attract high-quality foreign investments to Vietnam, particularly those from Japan.

Chairman of the Japan Business Federation Sadayuki Sakakibara and Chairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi expressed their delight to welcome President Quang to Japan.

Lauding Vietnam’s role in the development of Japanese firms, they believed that the fruitful political relations will bolster bilateral trade and investment.

Japanese corporations praised Vietnam’s participation in various economic deals like Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

 

Source: Viet Nam News

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