Vietnam values economic cooperation with Japan: Deputy PM

Deputy Prime Minister Trinh Dinh Dung asserted that Vietnam extremely values its economic cooperation with Japan while hailing efforts of the Government and businesses of Japan in maintaining their country’s position as the top investor in Vietnam in 2017 and 2018.
Vietnam values economic cooperation with Japan: Deputy PM ảnh 1Deputy Prime Minister Trinh Dinh Dung (R) receives Kaoru Iwasa, Senior Managing Executive Officer at Japan’s Marubeni Corporation (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung asserted that Vietnamextremely values its economic cooperation with Japan while hailing efforts of theGovernment and businesses of Japan in maintaining their country’s position as thetop investor in Vietnam in 2017 and 2018.

He made the statement while hosting a reception for Kaoru Iwasa, SeniorManaging Executive Officer at Japan’s Marubeni Corporation, in Hanoi on January24.

He said the Vietnam-Japan friendship and cooperation are enjoying sound,practical and comprehensive developments in all spheres, with high politicaltrust, describing Japan as Vietnam’s top economic, trade and investment partner. 

In2018, the two nations organised more than 200 exchange activities to celebratethe 45th anniversary of diplomatic ties, helping promote mutual understanding,trust, economic cooperation and people-to-people exchange.

Inthe year, Japan’s investment in Vietnam hit 8.59 billion USD, accounting for24.2 percent of total investment.

Dungadded that Japanese businesses operating in Vietnam have greatly contributed tothe country’s socio-economic development.

In the coming time, he said he expects the Japanese firms would bolsterinvestment and technology transfer in the fields of infrastructure, energy,electronics, agricultural machinery, agro-fishery product processing, high-techagriculture, and the environment.

Hepledged that the Vietnamese Government will continue measures to improve the businessclimate, thereby further facilitating successful operation of foreign investorsin Vietnam, including those from Japan.

Healso voiced his hope that the Japanese firms and Marubeni Corporation inparticular will take advantage of new opportunities from the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) and free tradeagreements to boost investment and expand business in the Vietnamese market.

Forhis part, Iwasa thanked the Vietnamese Government and competent agencies forcreating optimal conditions for the operation of Marubeni Corporation inVietnam, notably its large-scale energy projects.

Hesaid the corporation hopes to continue long-term investment in Vietnam in thetime ahead, notably in power supply, liquefied natural gas projects, water fordaily activities, and wastewater treatment, among others.

Marubenialso seeks cooperation with Vietnamese partners in numerous spheres, Iwasanoted.

TheJapanese corporation specialises in exports-imports and infrastructuredevelopment. Marubeni joined in the construction of 11 thermal power plants inVietnam with total capacity of 4,000 MW, along with other industrial plants,foodstuff processing and garment-textile factories. -VNA
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