Vietnam highlights Japan’s investment quality

The Vietnamese Government always highly values the quality and efficiency of Japan’s investment and called on Japanese businesses to increase their investment to develop Vietnam’s supporting industries.
The Vietnamese Government always highly values the quality andefficiency of Japan’s investment and called on Japanese businesses toincrease their investment to develop Vietnam’s supporting industries,affirmed an official of the Vietnamese Ministry of Planning andInvestment (MPI).

Addressing the fifth seminar on Vietnam-Japan economic relations inTokyo, Japan, on Sept. 5, MPI Deputy Minister Dang Huy Dong said thatJapan have recorded many achievements in manufacturing and supportingindustries. Meanwhile, Vietnam boasts abundant natural resources andhardworking people to develop these industries.

The combinationof the two countries’ advantages would open more opportunities andprospects for developing these industries in Vietnam, Dong said.

Heconfirmed that Vietnam would apply special preferential policies forJapanese investors, such as building an industrial zone (IZ) forJapanese small and medium-sized enterprises investing in supportingindustries, along with exemption from legal service charges and documenttranslation fees when registering to invest in this IZ.

VietnameseAmbassador to Japan Nguyen Phu Binh affirmed that Japan is one ofVietnam’s most important economic partners and Vietnam highlighted therole of Japanese businesses in Vietnam’s socio-economic development andthe Vietnam-Japan strategic partnership.

President of Japan’sInternational Friendship Exchange Council (FEC) Ken Matsuzawa shared thesame view with Ambassador Binh and took the occasion to thank theVietnamese Government and people for their valuable support to Japaneseearthquake and tsunami victims since March 11, considering it a symbolof the two countries’ friendship.

At the seminar, representativesof MPI, the Ministry of Industry and Trade and northern Bac Ninhprovince and Hai Phong city of Vietnam briefed participants on Vietnam’sinvestment environment and foreign investment encouragement policy,particularly in supporting industries.

According to MPI, Japan is among the countries with the largest FDI in Vietnam over the past two decades.

Bythe end of July, 2011, Japan ranked fourth among 93 countries andterritories investing in Vietnam with 1,560 valid investment projectswith a combined registered capital of 21.6 billion USD./.

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