Econ
PM affirms Japan is Vietnam’s one of its most important partners
PM Nguyen Xuan Phuc yesterday hosted a reception for a working group of the Japan Business Federation (Keidanren)’s Japan-Viet Nam Economic Committee, led by co-Presidents of the Committee Takahashi Kyohei and Nakamura Kuniharu.
At the reception, Prime Minister Nguyen Xuan Phuc have praised contributions made by the Japan Business Federation (Keidanren) to improving the investment climate in Vietnam and advancing the strategic partnership between the two countries in all fields.
The Vietnamese Government advocates and facilitates Japanese enterprises to launch successful investment in Viet Nam, he asserted, adding that Japan's effective projects in Viet Nam are attributed to the crucial contributions of the Keidanren, which have accelerated economics, trade and investment between the two countries.
He affirmed that Vietnam will continue improving the investment environment, regarding the success of the Japanese investors as its own success. Mr. Takahashi Kyohei said that the number of Japanese investors to Vietnam was recorded the highest among other Japan’s destinations in ASEAN over the recent three years.
Currently, as many as 1,500 Japanese businesses are launching their investment and operation in Viet Nam, adding that the Keidanren is making efforts to realize the sixth phase of the Vietnam-Japan Joint Initiative. He suggested the Vietnamese Government further support the Keidanren and Japanese businesses in Viet Nam, expressing his hope that new-generation free trade agreements, including the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP) will create new progress in the economic relations between Vietnam and Japan.
** The same day, President Tran Dai Quang also met with delegates of the Japan-Vietnam Economic Committee under the Japan Federation of Economic Organizations (Keidanren). President Tran Dai Quang have hailed contributions made by the Japan Business Federation (Keidanren) to improving the investment climate in Vietnam and advancing the strategic partnership between the two countries across sectors.
The Vietnamese State always regards Japan as the country’s leading and long-term partner, and wishes to work together with Japan to push forwards the relationship in a more comprehensive and pragmatic fashion, he stressed. The President suggested the two sides step up their economic ties as they still hold substantial potential for increased cooperation in this field.
The establishment of the ASEAN Community late last year and new-generation trade agreements such as the Trans-Pacific Partnership (TPP) agreement and the Regional Comprehensive Economic Partnership (RCEP) agreement are expected to afford multiple opportunities for the two countries to beef up their economic, trade and investment affiliation, he added.
The State leader said Vietnam considers the successes of Japanese investors as one of Vietnam’s achievements. He said he hopes the Japanese government will offer the best possible conditions for the two countries to connect and do business through promotional activities around investment, tourism and guest worker programs.
President Quang noted that Vietnam has been improving its investment and business climate towards openness, transparency, and stability to create fair ground for businesses. He expressed his belief that Keidanren will help Japanese enterprises to invest more in Vietnam and boost the strategic partnership between the two nations.
President of the Japan-Vietnam Economic Committee Kyohei Takahashi, in turn said Vietnam’s participation into free trade agreements such as the Trans Pacific Partnership deal will bring in new opportunities for the bilateral economic cooperation. He said trade between the two countries has quadrupled since the Vietnam-Japan Economic Partnership Agreement took effect in 2009. Japan has poured the largest amount of investments in Vietnam among ASEAN member countries, with over 1,500 businesses operating.
Kuniharu Nakamua said Vietnam has a lot of advantages to attract investment, like geological conditions, an abundant and hard-working labour force as well as its engagement in the TPP and RCEP agreements. He suggested the Vietnamese Government should rapidly adopt the TPP to bring new economic, trade and investment opportunities to the two nations.
Keidaren is the largest business federation in Japan gathering 1,340 biggest Japanese firms, 109 industrial associations and 47 economic organisations at regional and local levels. The Japanese working group is in Vietnam to attend a meeting of the Joint Committee of the Vietnam-Japan Joint Initiative to launch the sixth phase of the initiative.
Once the TPP officially takes effect, it will enable Vietnam to expand its chains of goods supplies for non-ASEAN members and to become an attractive market for foreign investors including those from Japan. Keidaren suggested the Vietnamese Government promptly ratify the TPP to bring new economic, trade and investment opportunities to the two countries.
