PM calls for high-tech Japanese investments

Tuesday, Jun 06, 2017 15:27

Prime Minister Nguyen Xuan Phuc shakes hand with a representative from a Japanese firms. — Photo VGP

Prime Minister Nguyen Xuan Phuc called for Japanese investments in high technology-based, environment-friendly and human development projects at a working session with 60 Japanese information technology (IT) companies today.

Phuc is on a five-day official visit to Japan until Thursday.

Phuc said that Viet Nam would give priority to investments in information infrastructure, digital connectivity, national database system and IT human resource development.

The 4.0 industrial revolution is changing the face of the world, the way we live, work and grow, Phuc said. “In line with this new trend, Viet Nam is transforming its focus to high value-added sectors, which use advanced technologies and high-quality labour, to drive its economic growth.”

Phuc said Viet Nam has enormous growth potential in many sectors, including agriculture, IT, tourism and human development.

IT is booming in Viet Nam, Phuc noted. He cited statistics showing that in 2015, Viet Nam was in the top 10 countries of the Asia-Pacific region and top 30 of the world in software outsourcing. In 2016, export values of mobile phones, computers and their parts made in Viet nam touched more than US$55 billion.

Prime Minister Nguyen Xuan Phuc meets with Japanese IT firms. — Photo VGP

Viet Nam was also among the top ASEAN countries in mobile application with around 60 per cent of the population under 35, and the capacity to learn new technologies easily and 52 per cent using internet.

The country is also planning to become one of the world’s leading software and digital content outsourcing providers with high-quality human resource.

Japanese firms at the working session said that they would hasten efforts to invest in Viet Nam and contribute to promoting the bilateral co-operation between the two countries.

A representative from Japan’s IHI Corporation proposed that Viet Nam should improve its legal framework for public-private partnership (PPP) to create favourable conditions for foreign investors.

A representative from Yamato, which showed intent to invest in delivery service in Viet Nam, said Viet Nam should revise its regulations on capping foreign investments in several sectors, such as transport (which is currently capped at 49 per cent).

Phuc, who was listening to the contributing ideas from the Japanese firms, vowed to create favourable conditions for foreign investors, expressing hope that the Japanese firms would continue to invest in Viet Nam. — VNS

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