President 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 and improvement of the national competitive capacity, said President Tran Dai Quang.

In a dialogue with leaders of Japanese large corporations in Tokyo on May 30, President Quang noted that Vietnam always welcomes Japanese investment in the fields of Vietnam’s interest and Japan’s strengths like infrastructure construction, 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 groups to invest and operate effective, stable and long-term business in Vietnam, he underlined.

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

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

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

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

Speaking highly of Vietnam’s significant roles in the development of Japanese firms, they believed that the fruitful political relations will bolster bilateral trade and investment.

Japanese corporations lauded Vietnam’s participation in various economic deals like Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).-VNA