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State President invites Japanese firms to set up shop in Vietnam
Thursday,  May 31, 2018,20:21 (GMT+7)

State President invites Japanese firms to set up shop in Vietnam

Vietnamese State President Tran Dai Quang (L) toasts with Japan’s Emperor Akihito during the state banquet at the Imperial Palace in Tokyo, Japan in this handout picture taken May 30, 2018 and provided by the Imperial Household Agency of Japan. Imperial Household Agency of Japan - PHOTO: REUTERS

HCMC – Vietnam will further create favorable conditions for Japanese companies, especially those in infrastructure, supporting industries and hi-tech agriculture sectors, to set up shop in the Southeast Asian nation, said Vietnamese State President Tran Dai Quang.

President Quang had a working session with major Japanese companies on May 30 as part of his State visit to the Northeast Asian nation from May 29 to June 2 at the invitation of the Japanese Government, local media reports.

The Vietnamese leader also encouraged Japanese firms to join in the equitization of Vietnam’s State-own enterprises, and train high-quality manpower for the country.

“We always regard your success and satisfaction – Japanese investors and entrepreneurs’ – as ours,” he said.

Representatives of Japanese companies under the Japan Business Federation (Keidanren) suggested Vietnam should streamline its investment and business environment.

Quang said the Vietnamese Government has been implementing various policies and measures to improve its investment and business climate, and simplify administrative procedures in line with international practices and commitments.

“Feedback of the Japanese business community is an important channel for Vietnam to streamline its policies to further improve the investment environment, and attract more high-quality foreign investments,” he stressed.

He added Vietnam considers the private and foreign-invested sectors as a driving force to bolster the national socio-economic growth and enhance its competitiveness.

Later on the same day, the Vietnamese State President met with President of the House of Councilors Date Chuichi.

Date Chuichi hailed strong, comprehensive and substantive developments of the Vietnam-Japan extensive strategic partnership through a host of mutual high-level visits and people-to-people exchanges.

Meanwhile, President Quang proposed strengthening cooperation between the two countries’ law-making bodies, and exchanging information and experiences in legislative work.

He also suggested the Japanese government offer Vietnam more official development assistance (ODA) loans, especially for high-quality manpower and climate change adaptation projects.

President Quang also suggested the Japanese parliament strongly support ASEAN’s position on the East Sea, and assist Vietnam to improve its capacity in law enforcement at sea.

In a related development, Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh and Japanese Foreign Minister Taro Kono expressed their delight at the rapid and practical development of the Vietnam-Japan relations over the past years with high political trust during their talks in Tokyo.

Minh said Vietnam attaches great significance to extensive strategic partnership with Japan, and considers Japan the top important and long-term partner.

Speaking highly of Japan’s ODA for the country, Minh suggested Japan continue collaboration in high-quality infrastructure and climate change response projects, as well as effective and proper use of ODA loans.

Japan highly treasures ties with Vietnam in its policy, said Foreign Minister Taro Kono, who stressed his country will provide continued support for Vietnam in its economic development process via high-quality infrastructure and manpower training projects.

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