Vietnam encourages Japanese investment in manufacturing, hi-tech agriculture

Vietnam always encourages and creates all possible conditions for Japanese firms to invest in the country, especially in manufacturing industry and high-tech agriculture, Vice President Dang Thi Ngoc Thinh has said.

While receiving Yoichi Kobayashi, Chairman of the Japan-Mekong Business Cooperation Committee under the Japan Chamber of Commerce and Industry (JCCI) in Hanoi on March 12, the Vice President highlighted that the bilateral cooperation is developing comprehensively and intensively. 

Regarding economic relations, Vietnam always considers Japan its leading and long-term partner, she said, adding that Japan is a leading provider of official development assistance (ODA) for Vietnam and among top investors in the country.

Acknowledging contributions made by Japanese businesses and JCCI to achievements in economic cooperation between the two nations, she expressed her wish that more Japanese enterprises will invest in developing services in Vietnam in order to improve locals’ living conditions and serve consumption demand of the rapidly growing middle class in the country.

Vietnamese and Japanese businesses should step up cooperation in education and tourism development by taking advantage of cultural similarities and beautiful landscapes of both countries, she said.

She added that Vietnam hopes for more opportunities to learn from Japan’s experience in clean agricultural production.  

For his part, Yoichi Kobayashi expected the economic-trade collaboration between the two nations to develop more fruitfully, especially in the context that the bilateral ties are becoming closer and their businesses are provided with the most favourable conditions.

Hailing Vietnam for its abundant, high-skilled labour force, he said the country has attained high economic growth in recent years on the foundation of political stability, adding that Vietnam, with a population of nearly 100 million, is a promising consumption market.

He also highlighted the developing people-to-people exchanges between Vietnam and Japan, noting that the number of Vietnamese students in his country is continuously increasing, making Vietnam one of the countries with the most overseas students in Japan.

He said he wishes that bilateral trade and investment ties will be further enhanced via periodical dialogues with the Vietnamese Ministry of Planning and Investment and the Vietnam Chamber of Commerce and Industry.