Politics

JBIC Governor speaks highly of investment climate in Vietnam

Governor of the Japan Bank for International Cooperation (JBIC) Hiroshi Watanabe has said Japan will continue its official development assistance (ODA) for Vietnam.
Governor of the Japan Bank for International Cooperation (JBIC) HiroshiWatanabe has said Japan will continue its official developmentassistance (ODA) for Vietnam.

Japan takes high interest inmajor projects in Vietnam, and plans to sign credit contracts to buildVinh Tan 4 thermal power plant and others in Nghi Son, Vung Ang and VanPhong, Watanabe told President Truong Tan Sang in Hanoi on July 15.

He also spoke highly of the investment climate in Vietnam, especially political trust.

President Sang vowed to help Japanese investors by all possiblemeans, and asked Watanabe to do his part for the success of joint creditdeals with Vietnam.

Firms and agencies from both countrieshave reached deals in agriculture, tourism, infrastructure, investmentand support industry, the President informed his guest, adding thatVietnam has sent officials to Ibaraki prefecture to learn from itsexperience in processing farm produce.

Receiving the governorthe same day, Deputy Prime Minister Vu Van Ninh expressed hope fordeeper economic ties with Japan via the effective use and management ofits ODA.

The mobilisation of capital in and outside the country is crucial to Vietnam’s economic growth, he told the guest.

Watanabe gave compliments on Vietnam’s macroeconomic stability which, he said, is an attraction to foreign investors.

Japanese businenesspeople see Vietnam as a promising destination, he assured Ninh.

The guest also promised to act for the good of Vietnam – Japan economic ties.-VNA
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