The Vietnam - Japan joint initiative in the new era consists of five major groups of issues, with its first phase lasting for 19 months. (Photo: VNA) In his remarks, Vietnamese Minister of Planning and Investment NguyenChi Dung said the Vietnam - Japan joint initiative, which began in April 2003, is special cooperation between the two governments.
Via the establishment of a policy dialogue forum between Japaneseinvestors and related Vietnamese ministries and sectors, it has contributed tobuilding a transparent and conductive business climate in the Southeast Asiannation, and offered policy recommendations as reference serving the law andpolicy refinement processes by local agencies.
Japanese Ambassador to Vietnam Yamada Takio said after two decades, the initiativecompleted eight phases, with 84% of the workload finished on time, giving aboost to foreign capital inflows in Vietnam, particularly from Japan.
The Vietnam - Japan joint initiativein the new era consists of five major groups of issues. They involve thepromotion of the Asia Zero Emission Community (AZEC), green transition, innovation,and digital transformation, the strengthening of the supply chain, the trainingof high-quality IT, AI, and semiconductor human resources, and the reform ofmechanisms to improve the business climate.
Participating Vietnamese and Japanese delegates agreed thatthe first phase will last for 19 months, with a mid-term review meeting slated forDecember this year and a summit to assess the entire process in October 2025.
The sides pledged cooperative efforts and activeimplementation of commitments in the action plan to meet the set goals, for mutual prosperity of the Vietnamese and Japanese business communities and theenhancement of the two countries’ relations.
As of February 20, Japanese investors had channeled 74.3billion USD into 5,288 projects in Vietnam. In the first two months of 2024,their registered investment amounted to 422.4 million USD, soaring by 290%year-on-year./.
VNA
