Việt Nam calls for Japanese investment in prioritised sectors

Việt Nam wants Japanese investment in prioritised sectors in the country’s industrialisation strategy, along with infrastructure, energy, climate change response, and parts supply industries, President Trần Đại Quang told Vice President of the International Friendship Exchange Council (FEC) Yoshihiko Nakagaki.

President Trần Đại Quang (Second from right) receives Vice President of the International Friendship Exchange Council (FEC) Yoshihiko Nakagaki in Hà Nội yesterday.- Photo Nhan Sáng

At a reception yesterday for Nakagaki, also Chairman of the FEC’s Committee for Japan-Việt Nam Cultural and Economic Exchange, the State leader urged Japan to speed up technology transfer to Việt Nam and help the country in human resources training.

He expressed his hope that Japanese firms invest more in Việt Nam’s agriculture sector and proposed the FEC encourage more Japanese localities and businesses to seek partnerships in Việt Nam.

The President said that he believes the FEC, with a large number of members and strong influence, will continue making effective contributions to co-operation between the two countries.

Việt Nam highly values the role of the private sector of Japan in boosting economic ties between the two countries, he stressed, affirming that together with large firms, Việt Nam welcomes small- and medium-sized enterprises from Japan to invest.

Việt Nam will strengthen efforts to complete legal and policy frameworks to create a stable and favourable investment and business environment for foreign investors, including those from Japan, he pledged.

The President also noted that Việt Nam is working with Japan to implement the sixth phase of the Việt Nam-Japan joint initiative on improving the investment environment in the country.

Nakagaki briefed the host on co-operation between the FEC and Việt Nam in recent years. He expressed pleasure that Japanese official development assistance and investment are contributing to the development of Việt Nam. 

He said that the FEC will connect potential Japanese investors with Việt Nam. In the future, Việt Nam will be a close partner of Japan in Asia, he said, adding that Japan will support the country in maintaining growth speed.

Source VNS