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.

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

Speaking at a Hanoi meeting with Chairman of the Japanese Business Association in Vietnam Motonobu Sato and representatives of several Japanese firms in the country on February 8, the President said Vietnam will give more importance to the development of industrial parks in the time ahead.

Hailing the significant contributions of the Japanese business community to promoting the two countries’ cooperation, he pledged every favourable condition for foreign investors, including those 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 and investment in Vietnam in the years to come in order to raise the quality and value of their investment in the country.

They also praised Vietnam’s endeavours in creating favourable conditions for foreign investors, including the implementation of the Japan-Vietnam joint initiative on improving investment environment.

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

The meeting was also attended by Japanese Ambassador Hiroshi Fukada, representatives of the Japan International Cooperation Agency, the Japanese Business Association in Ho Chi Minh City and the Japan Trade Promotion Organisation, among others.-VNA