President calls for more Japanese investment

President calls for more Japanese investment

President Truong Tan Sang has voiced his hope that Japan will scale up its investment in Vietnam in the next few years, focusing on the six prioritised areas listed in the country’s industrialisation strategy.
PresidentTruong Tan Sang has voiced his hope that Japan will scale up itsinvestment in Vietnam in the next few years, focusing on the sixprioritised areas listed in the country’s industrialisation strategy.

They include electronics, farm machinery, agricultural and fisheries processing and shipbuilding.

Speaking at a Hanoi meeting with Chairman of the Japanese BusinessAssociation in Vietnam Motonobu Sato and representatives of severalJapanese firms in the country on February 8, the President said Vietnamwill give more importance to the development of industrial parks in thetime ahead.

Hailing the significant contributions of theJapanese business community to promoting the two countries’ cooperation,he pledged every favourable condition for foreign investors, includingthose from Japan.

There is a lot of potential for bilateral cooperation, the leader said, especially in economics, trade and investment.

The Japanese side affirmed their efforts to enhance cooperation andinvestment in Vietnam in the years to come in order to raise the qualityand value of their investment in the country.

They alsopraised Vietnam’s endeavours in creating favourable conditions forforeign investors, including the implementation of the Japan-Vietnamjoint initiative on improving investment environment.

Japanis now Vietnam’s leading investor with its capital totalling 5.7 billionUSD in 2013, making up 26.6 percent of foreign direct investment (FDI)poured into Vietnam.

The meeting was also attended byJapanese Ambassador Hiroshi Fukada, representatives of the JapanInternational Cooperation Agency, the Japanese Business Association inHo Chi Minh City and the Japan Trade Promotion Organisation, amongothers.-VNA

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