Japan cooperates with Vietnam on major developments
(VOV) - Vietnam-Japan investment cooperation was discussed at a September 23 conference in Hanoi hosted by the Ministry of Construction, the Japanese embassy in Vietnam and the Japan International Cooperation Agency (JICA).
At the conference, delegates affirmed that friendly relationship between the two nations has seen constant developments especially in the fields of investment and trade over the years.
Japan is now Vietnam’s largest ODA provider, making up over 30% of total international donors’ commitments.
Japan has the largest FDI capital amount in Vietnam. As from August 2013, Japan has runaround 2,014 valid investment projects capitalised at over US$32 billion.
Seminar participants expressed their wish to expand future cooperation in housing and urban development and management as well as in ecological urban development projects.
Addressing the seminar, Japanese Envoy to Vietnam Hideo Suzuki Hideo Suzuki, emphasized the difficulties that Vietnam’s real estate and construction sectors have encountered over recent times. Despite this, the Vietnamese economy has developed rapidly and the demand for housing has consequently not been met across the country.
Hideo also highlighted the future prospects for Vietnam’s construction and real estate market and expressed his hope that Japanese businesses will invest in these fields.