PM welcomes Japan commerce chamber to shift investment to Vietnam

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has welcomed the initiative of the Japan Chamber of Commerce and Industry (JCCI) to shift Japan’s investment from other countries to Vietnam and other Mekong River nations.

At a reception for Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee, in Hanoi on February 26, the Prime Minister highly appreciated the contributions of the committee in promoting economic exchanges between Vietnam and Japan through fact-finding tours to study Vietnam’s policies, the organisation of relevant workshops, and recommendations to improve the nation’s investment climate.

He asked the JCCI to continue organising business delegations in the fields of agriculture, support industry, information technology, Internet of Things, urban planning, and tourism to survey and invest in Vietnam, as well as increase cooperation with Vietnamese firms.

The Vietnamese government will create all favourable conditions for Japanese groups and enterprises to do business in Vietnam, he said, adding that he will assign ministries and relevant agencies to address the recommendations of Japanese firms relating to Vietnam’s policies and mechanisms.

Yoichi Kobayashi said the visiting JCCI delegation to Vietnam includes about 30 businesses operating in the fields of industry, services, and finance. 

He hopes that trade, investment, and economic cooperation between Vietnam and Japan will be further expanded in the coming time. 

From April this year, the Japanese government will also increase its reception of Vietnamese workers with the specified skills visa. He hoped that more Vietnamese people will come to learn and work in Japan.

The JCCI is actively coordinating with Vietnamese ministries, relevant agencies, and localities to implement specific measures to increase economic partnership.

He hailed the economic development guideline of the Vietnamese government, which is reaping good outcomes.

Vietnam has a young and abundant labour force with high skills, he said, adding that if the country’s infrastructure is further developed in the future, its labour advantage will be greatly optimised.

Vietnam has become more important to Japan over the years, he said, hoping that the two sides would soon sign the Regional Comprehensive Economic Partnership (RCEP).

The JCCI will do its utmost to contribute to the development of economic, trade, and investment relations with Vietnam, he affirmed. –VNA