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PM hopes for stronger investment in Vietnam from Japan

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh said Vietnam is a reliable and safe destination for Japanese investors and hoped for stronger investment in Vietnam from Japan in the coming time.

Addressing the Vietnam-Japan investment promotion forum held by the Japan External Trade Organization in Tokyo on November 25, Chinh said the extensive strategic partnership between Vietnam and Japan has contributed to creating a better business environment for enterprises of both countries. 

The prime minister stressed that Vietnam has made comprehensive reforms to ensure safety, security and effectiveness for foreign investors, including from Japan.

“We will protect your security, assets and rights when you invest in Vietnam. You will also be given the opportunity to realize your initiatives and strategies,” Chinh said. 

Vietnam has paid more attention to human resource development and put the people at the heart of development. The people are, at the same time, the motivation and beneficiaries of the development. 

“I believe that Japanese investors will be able to find staff suitable for their long-term strategies in Vietnam. Vietnamese workers are hard-working, progressive, unpretentious and eager to learn,” he shared.

However, the Vietnamese Government leader admitted that Vietnam is also facing many challenges such as the Covid-19 pandemic, climate change, resource depletion, environmental pollution, and an aging population.

Chinh suggested developed economies, including Japan, share their experience and provide assistance to Vietnam in terms of innovation, a highly skilled workforce development, green financing, sustainable development and business management, to help the country address these challenges.

On the other hand, the Vietnamese Government will continue to fight corruption, creating a more transparent business environment for foreign investors. 

“Japan has the strengths, while Vietnam has the opportunities. The sincere and trustworthy relationship between Vietnam and Japan has stood firm through nearly half a century. These are favorable conditions for a win-win cooperation between the two countries,” Chinh said.

According to Japanese Minister of Economy, Trade and Industry Hagiuda Koichi, the Covid-19 pandemic has negatively affected the production of Japanese firms in Vietnam. He spoke highly of the Vietnamese Government’s efforts to bring the pandemic under control, cope with supply chain disruptions and support Japanese enterprises during this challenging time.

Koichi expected that the two countries would deepen cooperation in emerging sectors such as carbon neutralization and sustainable development.

“Japan will assist Vietnam to draw up a roadmap for zero emissions and carbon neutralization,” he said. 

At the forum, the Vietnamese prime minister witnessed the signing of more than 40 cooperative agreements worth billions of U.S. dollars in total between the businesses and organizations of the two countries.

The deals cover diverse fields such as aquaculture, tuna processing, renewable energy, red bean processing, healthcare and response to climate change.

This afternoon, PM Chinh and the high-ranking Vietnamese delegation left Tokyo from the Haneda International Airport, wrapping up their successful three-day visit to Japan.

Prime Minister Pham Minh Chinh leaves the Haneda International Airport, wrapping up his visit to Japan – PHOTO: VNA

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