Seminar seeks to promote Vietnam-Japan investment co-operation
VOV.VN - A seminar was virtually held in both Hanoi and Tokyo on September 22 with the aim of supporting local firms to connect with Japanese counterparts amid the COVID-19 pandemic developing in a complicated manner.
Delegates shared information about Japanese financiers’ investment in Vietnam, along with the promotion of co-operation between enterprises from both sides given the negative impact of the COVID-19 pandemic.
Representatives from major Vietnamese cities such as Da Nang and Ho Chi Minh City introduced the business investment climate in their localities, and COVID-19 prevention measures aimed at realizing the “dual goal” of pandemic control and economic recovery.
The seminar provided an opportunity for both sides to exchange information and answer questions regarding investment, production and solutions to weather the COVID-19 crisis.
It offered Japanese financiers the chance to inquire into accommodation and travel arrangements for employees at industrial parks in pandemic hit localities.
The seminar was jointly organised by the Trade Promotion Agency under the Ministry of Industry and Trade, the Vietnam Trade Office in Japan, the ASEAN-Japan Centre, and the Japan Trade Promotion Organisation (JETRO).
Approximately 500 Japanese businesses and representatives of Vietnamese firms in industrial parks virtually took part in the event.
Japan now represents Vietnam’s fourth largest trade partner, with two-way trade turnover hitting US$40 billion in 2020. The first seven months of this year saw their trade value reach US$24.5 billion, representing an increase of 11.9% over the same period last year.
Japan makes up the second largest foreign investor in Vietnam with 4,690 projects valued at US$62.9 billion, accounting for about 16% of the total foreign investment capital into the country. In the first eight months of the year, Japanese enterprises poured US$3.2 billion worth of registered investment into Vietnam.
