Prime Minister Nguyen Xuan Phuc (r) welcomes Yanai Tadashi, Chairman and CEO of the Japanese retail group Fast Retailing in Ha Noi on Thursday. — VNA/VNS Photo

The Government and competent agencies have pledged to create favourable conditions and a better working environment for Japanese enterprises to do business in Viet Nam, Prime Minister Nguyen Xuan Phuc said.

The Government leader was speaking during his reception for Yanai Tadashi, Chairman and CEO of the Japanese retail group Fast Retailing in Ha Noi yesterday, during which he reiterated that Japan is one of Viet Nams leading economic partners.

He praised the business and investment activities of Fast Retailing in Viet Nam, saying that with its population of more than 96 million, Viet Nam is a potential market for Japanese textiles and garment products.

The operation of Japanese firms in Viet Nam will contribute to strengthening strategic partnership between the two countries, he added.

Yanai Tadashi said his company will develop a retail system in Viet Nam in the future, along with its apparel products.

Since last November, Fast Retailing has provided training programmes for Vietnamese students in Japan and Southeast Asian nations, to make them representatives of Fast Retailing not only in Viet Nam but also other countries worldwide.

He suggested the Vietnamese Government direct competent agencies to grant construction and retail licences to the group, enabling it to expand investment and business activities in Viet Nam.

PM Phuc assigned the Ministry of Planning and Investment, relevant ministries and sectors to deal with the groups proposal. — VNS