Vietnam, Japan enter new phase of joint initiative
(VOV) - The Vietnam Ministry of Planning and Investment and the Japanese Embassy organised a high-level meeting in Hanoi on July 26, kick-starting the fifth phase of a Joint Initiative between the two countries.
The new phase covers a number of issues and areas relating to law enforcement, tax mechanisms, transportation, customs, human resource training, intellectual property rights, environmental protection, retail, real estate, non-banking credit, food safety and export, infrastructure construction, an industrialisation strategy, and macroeconomic stabilisation.
Both sides agreed to work on these areas over 18 months, from July 2013 to December 2014.
There will be two mid-term review meetings in December 2013 and June 2014 and a high-level meeting in December 2014 to examine the result of the whole phase.
Both sides accomplished 85% of the committed workload in the previous four phases.
The joint initiative is said to succeed in linking the private and State sectors, facilitating Japanese operations in Vietnam.