Deputy PM commits all possible support to Japanese firms

14:40 | 26/04/2019 Investment

Deputy Prime Minister Vuong Dinh Hue has affirmed that the Vietnamese government and north central localities are ready to offer all possible support to Japanese partners to expand their business operations there.

Deputy PM Vuong Dinh Hue at the event - Source: VNA

He made the statement at the conference “Meeting Japan - North Central Region” co-hosted by the Vietnamese Foreign Ministry and the Japanese Embassy in Vietnam in the central province of Nghe An on April 25.

In his speech, Deputy PM Hue expressed his delight that Japan has regained the top position in terms of investment in Vietnam over the past two years with US$9.1 billion in 2017 and US$8.6 billion in 2018.

The Vietnamese Party and State are devising a strategy to attract foreign direct investment with a vision to 2045, focusing on investment with foreign partners and switching FDI attraction to key projects with high value, suiting economic restructuring roadmap, he said.

He added that Japan’s supply of official development assistance (ODA) to Vietnam will be incorporated into mid-term investment plan for 2021-2025 to bring practical benefits to the community.

Regional localities should be more creative to boost practical and effective ties with Japanese partners, meeting their demand to turn the north central region into an attractive destination for Japanese tourists and investors, he said.

Ambassador Umeda, for his part, said Vietnam is tapping free trade agreements for sustainable development and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a successful symbol of bilateral economic, trade and investment ties.

He suggested strengthening mutual trust and coordination in human resources training, high-tech agriculture, support industry, tourism, education-training, and labor.

Theo NDO/VNA