Prime Minister Nguyen Xuan Phuc said Viet Nam expected Japan to become its top investor, with more high-tech investments in areas such as green growth, infrastructure development, high-quality agriculture and services as well as privatisation of State-owned enterprises.
Phuc was speaking at a business forum co-hosted by his counterpart Shinzo Abe and attended by big firms from both sides yesterday during Abe’s two-day visit to Viet Nam.
“Viet Nam expects Japan to become its top foreign investor,” Phuc said.
Japan currently ranks second, after Korea, out of 142 countries and territories with investments in Viet Nam. So far, Japan has poured around US$42 billion into the Southeast Asian country, which is striving to improve its investment climate and expand exports.
Japan is also the leading official development assistance donor and the fourth largest trade partner of Viet Nam.
Phuc said that Viet Nam expected to receive Japanese investments in promoting green growth, developing high-quality infrastructure projects, financial, banking and tourism as well as agricultural production.
Prime Minister Nguyen Xuan Phuc delivers speech at at a business forum co-hosted by his counterpart Shinzo Abe and attended by big firms from both sides yesterday during Abe’s two-day visit to Viet Nam. — VNA/VNS Photo
Japanese investments were encouraged in the process of privatizing State-owned enterprises in Viet Nam and promoting the development of start-ups.
Phuc stressed the important role of businesses in enhancing the bilateral partnership between the two countries.
Abe said at the forum that Viet Nam was rising to become a manufacturing hub in ASEAN. He called on the Government of Viet Nam to continue supporting and listening to Japanese firms, adding that Japan, with its strength in technologies and experience in manufacturing, wanted to contribute to the development of the Vietnamese economy through technology transfer and human resource training.
There are around 1,600 Japanese enterprises operating in Viet Nam.
Abe reaffirmed the two countries’ determination in boosting the strategic partnership through promoting trade, investment, ODA and cooperation. — VNS