Investment
Attracting more Japanese enterprises' investment to Vietnam
At the yesterday`s reception for President and CEO of Japan’s Sojitz Corporation Yoji Sato, one of the largest trading companies in Japan, President Tran Dai Quang has hoped that Japanese enterprise will increase investment in Vietnam, especially in developing hi-quality infrastructure and support industry.
President Tran Dai Quang talked with CEO of Japan’s Sojitz Corporation Yoji Sato
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The State President reminded that Sojitz was the first Japanese company to establish a representative office in Vietnam subsequent to the launch of Doi Moi in 1986. Sojitz was also the first Japanese company to be awarded the friendship order conferred by the Government of Vietnam, attributable to its dedication to the socio-economic development of the nation. Today, the Sojitz Group consisting of Sojitz Corporation and its approximately 400 subsidiaries and affiliates located in Japan and throughout the world, is a wide-ranging general trading company with operations in a multitude of countries and regions employing nearly 14,500 employees.
The President hailed Sojitz Corporation – one of the largest trading groups in Japan – for its contribution to Vietnam’s socio-economic development since the country started its reform process. He also expressed his delight at the strong, practical and comprehensive development of the Vietnam-Japan relationship.
Japan is now the largest official development assistance (ODA) provider, the second investor and the fourth trade partner of Vietnam, he said, adding that the economic cooperation with Japan is crucial for the Southeast Asian country’s development.
President Quang shook hands with CEO of Japan’s Sojitz Corporation Yoji Sato
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For his part, Yoji Sato said Sojitz Corporation’s two industrial parks in the southern province of Dong Nai are welcoming Japanese investors in the support industry, warehousing, seaport, airport and electricity.
President Sato discussed the future intentions of Sojitz to invest in environmental infrastructure, power generation, and high-tech agriculture among numerous other projects in Vietnam. The corporation will set foot in the fields of wholesale, retail sales, chemicals, afforestation, wood processing, and production of fertilizer, animal feed and safe agricultural products, he added.
He revealed his firm’s determination to continue expanding investment in Vietnam while wishing to receive more support and cooperation from local authorities to operate effectively in the country. As a general trading company, Sojitz Corporation has engaged in a wide range of sectors like automobiles, energy, mineral resources, agricultural and forestry resources, consumer goods and industrial parks.
The group has some 400 subsidiaries and affiliates worldwide. It set up its first representative office in Vietnam in 1986 and became the first foreign company to receive the country’s Friendship Order in 2006 for significant contributions to local socio-economic development and Vietnam-Japan friendship relations.
