PM welcomes Japan commerce chamber to shift investment to Vietnam

Prime Minister Nguyen Xuan Phuc has welcomed the initiative of the Japan Chamber of Commerce and Industry (JCCI) to shift Japan’s investment from other countries to Vietnam and other Mekong River nations.

pm welcomes japan commerce chamber to shift investment to vietnam hinh 0
Prime Minister Nguyen Xuan Phuc (R) and Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee (Photo: VNA)

At a reception for Yoichi Kobayashi, Chairman of the JCCI’s Japan-Mekong Business Cooperation Committee, in Hanoi on February 26, the Prime Minister highly valued the contributions the committee made to promoting economic exchanges between Vietnam and Japan through fact-finding tours to study Vietnam’s policies, the organisation of relevant workshops, and recommendations to improve the nation’s investment climate.

He asked the JCCI to continue organising business delegations in the fields of agriculture, support industry, information technology, Internet of Things (IoT), urban planning, and tourism to survey and invest in Vietnam, as well as increase cooperation with Vietnamese firms.

The Vietnamese government will create all favourable conditions for Japanese groups and enterprises to do business in Vietnam, he said, adding that he will assign ministries and relevant agencies to address the recommendations of Japanese firms relating to Vietnam’s policies and mechanisms.

Yoichi Kobayashi said the visiting JCCI delegation to Vietnam includes about 30 businesses operating in the fields of industry, services, and finance. 

He hopes that trade, investment, and economic cooperation between Vietnam and Japan will be further expanded in the coming time. 

From April this year, the Japanese government will also increase its reception of Vietnamese workers with the specified skills visa. He hoped that more Vietnamese people will come to learn and work in Japan.

The JCCI is actively coordinating with Vietnamese ministries, relevant agencies, and localities to implement specific measures to increase economic partnership.

Vietnam has a young and abundant labour force with high skills, he said, adding that if the country’s infrastructure is further developed in the future, its labour advantage will be greatly optimised.

Vietnam has become more important to Japan over the years, he said, hoping that the two sides would soon sign the Regional Comprehensive Economic Partnership (RCEP).

The JCCI will do its utmost to contribute to the development of economic, trade, and investment relations with Vietnam, he affirmed.

The same day, the JCCI delegation had a working session with authorities from the northern province of Ha Nam on February 26 to explore the local investment environment.

Kobayashi told provincial officials that the JCCI delegation wants to further study the advantages of Ha Nam, as well as its investment attraction policies and mechanisms.

He said JCCI has over 1.2 million member businesses operating all across Japan.

The Japan-Mekong Business Cooperation Committee, one of the five departments of the JCCI, is responsible for helping the chamber promote investment and economic development cooperation between Japan and other countries in the region and the world.

Ha Nam has eight industrial parks approved by the prime minister, including six operational ones. So far, 82 Japanese businesses have registered to invest in Ha Nam with a total capital of 873.3 million USD.


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