Business

Vietnamese, Japanese contractors forge cooperation

The Vietnam Association of Construction Contractors (VACC) and the Overseas Construction Association of Japan, Inc. (OCAJI) have sealed a Memorandum of Understanding (MoU) on bilateral cooperation.
Vietnamese, Japanese contractors forge cooperation ảnh 1At the signing ceremony (Source: enternews.vn)
Hanoi (VNA) – The VietnamAssociation of Construction Contractors (VACC) and the Overseas ConstructionAssociation of Japan, Inc. (OCAJI) have sealed a Memorandum of Understanding(MoU) on bilateral cooperation.

The MoU, signed in Hanoi on December 16, is hopedto open up huge opportunities for Vietnamese contractors, especiallylarge-scale ones.

Lao dong (Labour) newspaper quoted President ofthe VACC Nguyen Quoc Hiep as saying that the VACC will connect Japanesecontractors with Vietnamese partners for projects in Vietnam and other ASEANcountries like Cambodia and Malaysia.

The VACC will also assist its members in seekingpartners for developing and implementation of projects, he said.

According to Hiep, the first working sessionbetween Japan’s Teisi Group and a Vietnamese construction company is scheduledto take place on December 23 to commence the implementation of this cooperationminute.

The VCAA will propose some relevant policies tothe Government and the Ministry of Construction to address debts in capitalconstruction and increase capability for domestic constructors.

The association now has more than 700 memberbusinesses./.



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