Vietnam attaches importance to cooperation with Japan , Vice President Nguyen Thi Doan affirmed while receiving the Mayor of Nagoya city, Takashi Kawamura, on May 23.

Doan, who is in Japan to attend the 18 th the Future of Asia Conference in Tokyo from May 24-25, said Japan is now Vietnam ’s largest trade partner with two-way trade exceeding 20 billion USD per year.

She said the operation of more than 30 Nagoya businesses in Vietnam and the development of the Vietnamese community in Nagoya are a vivid manifestation of the developing relationship between Vietnam and Nagoya .

According to the Vietnamese Vice President, foreign businesses will realise more advantages while investing in Vietnam , thanks to the country’s political stability and youthful labour force.

Vietnam ’s adoption of the public-private partnership (PPP) model and its implementation of tax policies under WTO commitments will provide good opportunities for Nagoya investors, she said.

Doan expressed hope that as the Vietnam-Japan Friendship Year 2013 approaches, Nagoya city will soon set up cooperation with a Vietnamese city, to strengthen cooperation between the two countries.

For his part, the Nagoya mayor introduced the city’s potential for cooperation with Vietnam , especially in the auto industry, mechanical engineering, aviation and space, and robotic manufacturing.

Nagoya is cooperating with Vietnam in a number of economic projects, training Vietnamese students and participating in humanitarian medical check-ups and treatment activities in the country, he said.

On the same day, Vice President Doan visited the Toyota Museum of Industry and Technology, where Toyota Group’s products are showcased.-VNA