Japanese investment encouraged in manufacturing, hi-tech agriculture

Vietnam encourages Japanese investment in manufacturing, hi-tech agriculture

Vietnam always encourages and creates all possible conditions for Japanese firms to invest in the country, especially in manufacturing industry and high-tech agriculture, Vice President Dang Thi Ngoc Thinh has said.
Vietnam encourages Japanese investment in manufacturing, hi-tech agriculture ảnh 1At the meeting (Photo: VNA)
Hanoi (VNA) – Vietnam always encourages and creates all possibleconditions for Japanese firms to invest in the country, especially inmanufacturing industry and high-tech agriculture, Vice President Dang Thi NgocThinh has said.

While receiving Yoichi Kobayashi, Chairman of the Japan-Mekong BusinessCooperation Committee under the Japan Chamber of Commerce and Industry (JCCI)in Hanoi on March 12, the Vice President highlighted that the bilateralcooperation is developing comprehensively and intensively.

Regarding economic relations, Vietnam always considers Japan its leading andlong-term partner, she said, adding that Japan is a leading provider ofofficial development assistance (ODA) for Vietnam and among top investors inthe country.

Acknowledging contributions made by Japanese businesses and JCCI toachievements in economic cooperation between the two nations, she expressed herwish that more Japanese enterprises will invest in developing services inVietnam in order to improve locals’ living conditions and serve consumptiondemand of the rapidly growing middle class in the country.

Vietnamese and Japanese businesses should step up cooperation in education andtourism development by taking advantage of cultural similarities and beautifullandscapes of both countries, she said.

She added that Vietnam hopes for more opportunities to learn from Japan’s experiencein clean agricultural production. 

For his part, Yoichi Kobayashi expected the economic-trade collaborationbetween the two nations to develop more fruitfully, especially in the contextthat the bilateral ties are becoming closer and their businesses are providedwith the most favourable conditions.

Hailing Vietnam for its abundant, high-skilled labour force, he said thecountry has attained high economic growth in recent years on the foundation ofpolitical stability, adding that Vietnam, with a population of nearly 100million, is a promising consumption market.

He also highlighted the developing people-to-people exchanges between Vietnamand Japan, noting that the number of Vietnamese students in his country iscontinuously increasing, making Vietnam one of the countries with the mostoverseas students in Japan.

He said he wishes that bilateral trade and investment ties will be furtherenhanced via periodical dialogues with the Vietnamese Ministry of Planning andInvestment and the Vietnam Chamber of Commerce and Industry.-VNA
VNA

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