Japanese firms called to expand investment in Vietnam
Party General Secretary Nguyen Phu Trong said he welcomes Japanese businesses to expand their investments in Vietnam and improve their quality and efficiency.
Party General Secretary Nguyen Phu Trong (R) meets with JETRO President Ishige Hiroyuki (Photo: VNA) At a reception for President of the Japan External Trade Organisation (JETRO) Ishige Hiroyuki in Tokyo on September 16, the Party leader called on Japanese investors to increase cooperation with Vietnamese partners in industry, agriculture and hi-tech realms.
He also proposed the Japanese side transfer technology and share expertise in economic management.
The Party chief noted that the Vietnamese market will expand by joining the over 600-million-strong population of the ASEAN Community once it shapes up by the end of this year.
Considerable room remains for the two countries to broaden their relations, he said, adding that he hopes JETRO will continue to support Japanese enterprises to boost their investments in Vietnam.
He hailed JETRO for playing an active role in promoting trade and investment cooperation between the two countries and particularly for supporting the implementation of official development assistance (ODA) projects in Vietnam along with improving the local business climate and forging business connections.
For his part, Ishige Hiroyuki expressed his delight at the growing rapport between the two countries, especially in economy, trade and investment, manifested by the increasing number of Japanese investors in Vietnam.
He cited that JETRO has 10 representative offices in ASEAN member states, including two in Vietnam. Up to 70 percent of active Japanese businesses in Vietnam said they want to expand their business scale in the Southeast Asian country and focus on manufacturing activities, he revealed.
He added that his organisation has popularised Vietnam’s potential as well as its culture and people to Japanese friends.
While receiving President of the International Friendship Exchange Council (FEC) Ken Matsuzawa, General Secretary Trong said he hopes the council will arrange more activities to boost people-to-people exchanges and embrace links between businesses and localities.
Matsuzawa pledged to spare no efforts to propel the Vietnam-Japan relations forward for the sake of the two peoples.-VNA
You should also see
Vietnam urged to build legal corridor for AI industry
Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.
See more
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
