State President Truong Tan Sang on Jan. 9 hosted a reception in Hanoi for the Vice President of the Japanese Bank of International Cooperation (JBIC) Fumio Hoshi.

Fumio Hoshi reported that Vietnam ranks 4 th in the evaluation list made by Japanese overseas investment businesses in the manufacturing sector during the past 20 years and that Japanese businesses consider Vietnam a reliable investment destination.

He also spoke highly of Vietnam’s growth rate in the context of a difficult economic situation, expressing his hope that Vietnam’s relevant agencies will further cooperate with JBIC and Japanese businesses to implement major projects in energy, oil refining and seaports.

President Sang thanked the Japanese Government and JBIC for their supportive policies toward Vietnam , affirming that Vietnam will make more efforts to improve its infrastructure system, reduce the budget deficit, control inflation and restructure public investment.

He said he hopes that JBIC will encourage more businesses to invest in Vietnam. /.