PM seeks more Japanese investment

(VOV) - The Vietnamese government creates favourable conditions for Japanese companies to do effective, long-term business in the country, PM Nguyen Tan Dung assured a Japanese executive chief.

Japanese investors’ success in Vietnam is that of ours, Dung told Kohei Watanabe, President of the Japan-Mekong Cooperation Committee, an arm of the Japan Chamber of Commerce and Industry (JCCI), at a meeting in Hanoi on October 30.

The PM noted Vietnam-Japan relations have developed strongly over the years. Japan is currently the biggest foreign investor in and one of the leading trade partners of Vietnam.

Japan is also the biggest foreign official development assistance (ODA) donor of Vietnam, and its committed development aid has made a significant contribution to the country’s socio-economic development.

However, Dung said the two countries have great potential for strengthening cooperation in economics, trade and investment.

He proposed the Japan-Mekong Cooperation Committee encourage more Japanese investment in Vietnam’s Mekong River Delta.

The Vietnamese government will further improve its investment and business climate to facilitate the operation of foreign companies, including those from Japan, Dung said.

Kohei Watanabe said the JCCI delegation is visiting Vietnam to attend a regular dialogue with the Ministry of Planning and Investment and work with a number of relevant Vietnamese agencies to boost bilateral trade, economic and investment ties.

He said he is accompanied by a number of leading Japanese businesses who are keen to invest in the support industry, high technology, information technology, energy, agriculture and the environment in Vietnam.