At a February 15 reception for Takashi Oyamada, Chief Executive Officer and President of the Bank of Tokyo-Mitsubishi UFJ (BTMU) in Hanoi, the Vietnamese government leader affirmed the nation's readiness to improve its business climate to attract more foreign investors, including those from Japan.
Praising the fruitful cooperation between BTMU and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), particularly their organisation of investment promotion conferences, PM Phuc said Vietnam sticks importance to the supply of capital for its economy during the development progress.
Most Japanese firms have obtained good business results in Vietnam, he said, adding that Japan is now the second largest investor in Vietnam with a total investment capital of more than US$42 billion.
Phuc expressed his wish that Japanese businesses will pay heed to the Vietnamese market to make Japan the biggest investor in the Southeast Asian nation.
For his part, Takashi Oyamada told his host that the long-term strategic partnership between his bank and Vietinbank has brought mutual benefit, contributing to the growth of Vietnam-Japan ties.
Through the cooperation, BTMU has learned about valuable experience from Vietinbank and the Vietnamese credit market and both sides will work closely to supply capital for business activities in Vietnam, he said.
Many Japanese bussinesses are keen to invest and expand operations in Vietnam that is seen as a highly lucrative market.