They attended an agricultural investment promotion conference that gathered nearly 200 Japanese agricultural businesses and representatives from Vietnamese provinces which are strong in agriculture like Vinh Phuc, Lam Dong, Tien Giang and Ben Tre.
This is the first time such a conference has been held in Japan.
Despite having a modernized agriculture industry, Japanese agriculture only meets approximately 45% of domestic consumption demand. As a consequence, Japanese businesses are seeking cooperation opportunities with Vietnamese agriculture businesses.
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Since 2012, Vietnam and Japan have carried out a series of programmes with the aim of enhancing agricultural cooperation.
The Japan International Cooperation Agency (JICA) and VietinBank have conducted several surveys in Lam Dong and a few other provinces. With support from Tokyo Mitsubishi UFJ Bank, VietinBank has accelerated supplying Japanese businesses with comprehensive financial and banking services.
VietinBank Director Le Duc Tho also worked with JICA high-ranking leaders to discuss a host of measures to boost JICA investment into Vietnam, especially in agriculture infrastructure.
In recent years, VietinBank has been an important partner of JICA in serving key ODA projects in Vietnam. It was chosen to implement JICA’s first Public-Private Partnership (PPP) project.
VietinBank and JICA plan to organise a working session between JICA, Vietnamese and Japanese businesses, and relevant agencies to devise innovative and improved mechanisms to attract Japanese foreign investment.
