Business
Vietnam expect Japan becoming its biggest investor
Vietnam hopes Japan to be its largest investor, Prime Minister Nguyen Xuan Phuc said at the two countries’ business talk in Hanoi on January 17, as part of an official visit to Vietnam by Japanese PM Shinzo Abe.
Prime Minister (PM) Nguyen Xuan Phuc and Japanese PM Shinzo Abe cochaired Vietnam-Japan business talk in Hanoi on January 17, as part of an official visit to Vietnam by the Japanese Government leader.
Speaking at the talk, PM Phuc said Vietnam attracted 2 billion USD of Japanese investment in 2016, adding up to 42 billion USD of Japan’s total investment here, ranking second among 142 countries and territories pouring FDI into Vietnam.
The Vietnamese leader highlighted that Japan is also the biggest ODA provider, the third largest source of foreign tourists to and the fourth leading trading partner of Vietnam.
PM Phuc highly appreciated the role of the two business circles, that have made precious contributions to develop the sustainable and long-term bilateral strategic partnership.
The Vietnamese Government leader attributed that outcome to an open economy, intensive integration and a good legal system in Vietnam which have created the best conditions for foreign firms.
The Southest Asian nation also boasts a stable macro-economy and political and social situation, he noted.
He stressed that Vietnam wantsJapan to become its biggest investor.The Government strives on improving the business climate and targets to be among the top ASEAN countries in terms of the investment environment, PM Phuc said.
He expressed his hope that Vietnam wants Japanese firms to invest in such fields as green growth, development cooperation projects, infrastructure, public-private partnership projects, and high-quality services, especially finance, banking and tourism.
PM Phuc also suggested Japanese firms to invest in high-quality agriculture and manufacturing, take part in the equitisation of Vietnam’s State-owned enterprises, and support local start-ups.
Addressing the event, Japanese PM Abe repeated the outcomes of the talks on January 16, and stressed that both sides agreed to expand trade and investment relations and better the business climate.
According to the Japanese PM, currently, ASEAN is a growth hub of the world, and Vietnam is part of that hub.
He noted that more than 1,600 Japanese enterprises are operating in the Southest Asian nation. Abe praised Japanese firms’ contributions to Vietnam’s development through investment, job creation and technology transfer.
He asked PM Phuc and the Government of Vietnam to continue supporting his country’s businesses, saying that Japanese companies always want to help with local economic development through transferring technology and training manpower.
PM Abe emphasised that the Japanese Government and businesses will push ahead with close cooperation with Vietnam.
Prime Minister Nguyen Xuan Phuc speaks at the talk.
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The Vietnamese leader highlighted that Japan is also the biggest ODA provider, the third largest source of foreign tourists to and the fourth leading trading partner of Vietnam.
PM Phuc highly appreciated the role of the two business circles, that have made precious contributions to develop the sustainable and long-term bilateral strategic partnership.
The Vietnamese Government leader attributed that outcome to an open economy, intensive integration and a good legal system in Vietnam which have created the best conditions for foreign firms.
The Southest Asian nation also boasts a stable macro-economy and political and social situation, he noted.
He stressed that Vietnam wants
He expressed his hope that Vietnam wants Japanese firms to invest in such fields as green growth, development cooperation projects, infrastructure, public-private partnership projects, and high-quality services, especially finance, banking and tourism.
PM Phuc also suggested Japanese firms to invest in high-quality agriculture and manufacturing, take part in the equitisation of Vietnam’s State-owned enterprises, and support local start-ups.
Addressing the event, Japanese PM Abe repeated the outcomes of the talks on January 16, and stressed that both sides agreed to expand trade and investment relations and better the business climate.
Japanese PM Shinzo Abe said that Japanese companies always want to help Vietnam's economic development through transferring technology and training manpower.
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He noted that more than 1,600 Japanese enterprises are operating in the Southest Asian nation. Abe praised Japanese firms’ contributions to Vietnam’s development through investment, job creation and technology transfer.
He asked PM Phuc and the Government of Vietnam to continue supporting his country’s businesses, saying that Japanese companies always want to help with local economic development through transferring technology and training manpower.
PM Abe emphasised that the Japanese Government and businesses will push ahead with close cooperation with Vietnam.
