Japanese enterprises want to be updated on legal procedures so that they could play a more active role in the process of state-owned enterprises privatization in Vietnam.
Japanese enterprises are willing to take part in the restructuring and privatization processes of Vietnam’s state-owned enterprises (SOEs), according to Yoshiki Onoi, chairman of Japan’s International Friendship Exchange Council (FEC) and vice executive of Electric Power Development company (J-POWER).
Minister of Finance Dinh Tien Dung (R) and Yoshiki Onoi, chairman of Japan’s International Friendship Exchange Council (FEC) (L). Source: MoF |
Members of the FEC are interested in the privatization process in Vietnam, said Onoi in a meeting with Minister of Finance Dinh Tien Dung on December 2.
Onoi expected the Ministry of Finance (MoF) to provide information on Vietnam’s legal procedures related to build-operate-transfer (BOT), public-private partnership (PPP) models, as well as other regulations and laws, so that Japanese enterprises could play an active role during the privatization of local SOEs.
At the meeting, Minister Dung said Japan is Vietnam’s largest official development assistance (ODA) donor, and the second largest investor out of 106 countries and territories.
Dung said in 2019, Vietnam’s GDP growth rate is set to reach 6.8%, inflation at 2.5 – 2.6%, meaning stable macro-economic conditions.
According to Dung, Vietnam aims to enhance efficiency of SOEs during the 2020 – 2021 period. The MoF is revising regulations regarding SOE privatization, while encouraging foreign investors to take part in the process.
In the coming time, the Vietnamese government would focus on perfecting legal framework and foreign investment policies, aiming to improve the business environment.
Regarding the SOE privatization, Dung stressed the process would be carried out in a transparent and fair manner.
“The MoF is committed to creating favorable conditions for Japanese investors doing businesses in Vietnam,” Dung stated.
Other News
- US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
- Foreign capital set to dominate Vietnam’s M&A landscape
- Samsung to invest US$1 billion annually in Vietnam
- Thai bank acquires Vietnamese finance company
- Vietnam appreciates support from int’l friends in nation-building: PM
- Vietnam, Hungary call for stronger economic ties
- Vietnam - Indonesia expand cooperation to include green growth, EV ecosystem
- Vietnam ready to absorb investment capital in semiconductor industry
- India’s largest energy group eyes investment in Vietnam
- Nvidia explores opportunities to set up manufacturing hub in Vietnam
Trending
-
Culture is national asset: Vietnam PM
-
Vietnam news in brief- April 19
-
Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
-
Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy