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Vietnam rolls out carpet for Japanese investment: President

Foreign investments, including those made by Japanese firms, are an important driving force for Vietnam’s socio-economic development and improvement of the national competitive capacity, said President Tran Dai Quang.
Vietnam rolls out carpet for Japanese investment: President ảnh 1President Tran Dai Quang in a dialogue with Japanese large corporations in Tokyo on May 30 (Photo: VNA)

Tokyo (VNA) – Foreign investments, including those made by Japanese firms,are an important driving force for Vietnam’s socio-economic development andimprovement of the national competitive capacity, said President Tran DaiQuang.

In a dialogue with leaders of Japanese large corporations in Tokyo on May 30,President Quang noted that Vietnam always welcomes Japanese investment in thefields of Vietnam’s interest and Japan’s strengths like infrastructureconstruction, support industry, high-tech agriculture, energy, environment,finance, banking, and the equitisation process of state-owned firms.

The Vietnamese state commits to creating favourable conditions for Japanese groupsto invest and operate effective, stable and long-term business in Vietnam, heunderlined.

The President informed the Japanese businesses that Vietnam is striving tomaintain an annual GDP growth of 6.5-7 percent during 2016-2020 along with macro-economicstability while working to promote sustainable development coupled withenvironmental protection.

The moves will help Vietnam maintain its position as a dynamic nation andattractive destination for investment in the ASEAN bloc.

He stressed that the Vietnam-Japan Joint Initiative is an important channel tohelp Vietnam complete its policies and regulations, improve investment climateand attract high-quality foreign investments to Vietnam, particularly thosefrom Japan.

Chairman of the Japan Business Federation (Keidanren) Sadayuki Sakakibara andChairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi expressedtheir delights to welcome President Quang on his first state visit to Japan.

Speaking highly of Vietnam’s significant roles in the development of Japanesefirms, they believed that the fruitful political relations will bolsterbilateral trade and investment.

Japanese corporations lauded Vietnam’s participation in various economic dealslike Regional Comprehensive Economic Partnership (RCEP) and the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP).-VNA
VNA
#Foreign investments #Japanese firms #important driving force #Vietnam’s socio-economic development #national competitive capacity #infrastructure construction #support industry #high-tech agriculture #macro-economic stability #Vietnam News Agency #Vietnamplus Japan
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