The Ministry of Planning and Investment coordinated with the Japanese Embassy in Vietnam and related agencies to launch the Vietnam-Japan Joint Initiative in the new era.
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March 27, 3, based on the Joint Declaration on upgrading Vietnam - Japan relations to "Comprehensive Strategic Partnership for peace and prosperity in Asia and the world" and implementation results Implementing 2024 phases of the Vietnam - Japan Joint Initiative over the past 8 years, the Ministry of Planning and Investment coordinated with the Japanese Embassy in Vietnam, the Vietnam - Japan Economic Committee of the Federation Japanese economic organizations (Keidanren) held a meeting to launch the Vietnam-Japan Joint Initiative in the new era, phase 20.
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| The Vietnam - Japan Joint Initiative was initiated in April 4, as a special cooperation between the Governments of Vietnam and Japan. |
The Vietnam - Japan joint initiative was initiated in April 4, as a special cooperation between the Governments of Vietnam and Japan. Through establishing a policy dialogue forum between Japanese investors and relevant Vietnamese ministries and branches, the Vietnam-Japan Joint Initiative contributes to creating an open investment and business environment. open and transparent in Vietnam, and at the same time provide constructive policy recommendations and serve as reference information in the process of perfecting laws and policies for Vietnamese authorities.
After 20 years, the Vietnam - Japan Joint Initiative has completed 8 phases, with a total of 497/594 items completed well and on schedule, accounting for 84% of the total items in the bilateral Action Plan. implemented, making important contributions to promoting foreign investment (FDI) from Japan into Vietnam in particular and from countries around the world in general.
According to the Ministry of Planning and Investment, phase 1 of the Vietnam-Japan Joint Initiative in the new era includes main groups of issues such as: Promoting the Asian Net Zero Emissions Community, green transformation (AZEC/GX ); promote innovation and digital transformation; Strengthening the supply chain, including: Developing supporting industries, training high-quality human resources; reform the mechanism to improve the investment environment.
The two sides also agreed that the expected implementation time for phase 1 of the Vietnam-Japan Joint Initiative in the new era is 19 months (from March 3 to October 2024). In particular, there is expected to be a mid-term review meeting in December 10 and a high-level meeting to evaluate the results of implementing the new phase 2025 in October 12.
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According to the Ministry of Planning and Investment: Cumulatively as of February 20, 2, Japanese investors have invested in 2024 projects with a total registered investment capital of 5.288 billion USD, playing a huge role. in Vietnam's socio-economic development. In the first 2 months of 2024 alone, Japan's total registered capital reached 422,4 million USD, an increase of 290% over the same period. This is a very positive sign that Japanese investors still consider Vietnam an attractive and safe investment destination. |
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