Prime Minister attends Vietnam - Japan Business Forum

The seminar was organized by the Ministry of Planning and Investment , the Embassy of Vietnam in Japan, the Japan External Trade Organization (JETRO), and the Hiroshima Provincial Government, Japan.

Also attending were Minister and Head of the Government Office Tran Van Son; Minister of Planning and Investment Nguyen Chi Dung; Minister of Finance Ho Duc Phoc; Minister of Transport Nguyen Van Thang; Chairman of the State Capital Management Committee at Enterprises Nguyen Hoang Anh; leaders of Hiroshima province, ministries, associations, and businesses of Japan and Vietnam.

At the seminar, Japanese enterprises highly appreciated the socio -economic achievements of Vietnam - the most dynamically developing country in Southeast Asia; having a favorable investment and business environment; always listening and creating conditions for businesses to develop; having an abundant and young labor force with increasingly improved qualifications. Vietnam and Japan are close in culture and history.

Japanese enterprises identify Vietnam as a leading investment destination; wish to continue expanding investment in Vietnam in the fields of: Energy conversion, logistics, real estate, information technology, electric car manufacturing, finance - banking, automation equipment, garment, retail...

Japanese enterprises proposed that Vietnam continue to create more favorable conditions for enterprises to expand their investment in Vietnam, especially in simplifying administrative procedures, granting investment licenses, providing stable green energy for production, having preferential policies for a number of priority economic sectors, and easing policies on granting work permits, etc.

Speaking at the seminar, Prime Minister Pham Minh Chinh thanked Japanese enterprises for their sharing, companionship, and determination to invest long-term in Vietnam, especially in the context of many difficulties and challenges; accompanying Vietnam to defeat the Covid-19 pandemic for stability and development, in the spirit of "harmonious benefits and shared risks".

According to the Prime Minister, after 50 years of establishment, the Vietnam-Japan relationship is better than ever, increasingly substantive and effective. Currently, Japan is the largest ODA donor, the second largest labor cooperation partner, the third largest investor, tourism partner, and the fourth largest trade partner of Vietnam.

The Prime Minister said that after more than 35 years of renovation, Vietnam has never had such a foundation, potential, prestige and international position as it does today. Vietnam builds the country based on three main pillars: socialist democracy, a socialist-oriented market economy, and a socialist rule-of-law state. Vietnam pursues an independent, self-reliant, diversified, and multilateral foreign policy; is a good friend, a reliable partner and a responsible member of the international community; builds an independent, self-reliant economy associated with proactive, active international integration, deeply, practically and effectively.

Along with that, Vietnam has made three strategic breakthroughs in institutional improvement, human resource training and infrastructure development; creating the best conditions to attract investment, creating favorable conditions for businesses to develop. Throughout that process, Vietnam has always taken people as the center, the subject, the goal, the driving force, and the resource for development; not sacrificing progress, social justice, social security, and the environment in exchange for mere economic growth.

The Prime Minister affirmed that Vietnam always listens to understand and solve practical problems appropriately and effectively, including those of businesses. Vietnam continues to prioritize macroeconomic stability, inflation control, ensuring major balances, promoting growth; prioritizing the three growth drivers: consumption, investment and export.

On that basis, the Prime Minister suggested that Japanese enterprises continue to invest in Vietnam, focusing on the fields of innovation, digital economy, green economy, circular economy, climate change response, knowledge economy, etc.; support Vietnamese enterprises to participate in the global supply chain; support Vietnam in technology, capital, governance, human resource training, institution building, etc. to achieve the goal of reducing emissions to zero by 2050.

The Prime Minister acknowledged the opinions of businesses and said that the Government has also directed ministries, branches and localities to implement these issues, remove difficulties and create favorable conditions for business development, including Japanese businesses.

Prime Minister Pham Minh Chinh emphasized: “We have cooperated, shared, determined, tried and succeeded, so we will continue to promote cooperation, sharing, determination, trying and succeed even more in new conditions; contributing to fostering the Vietnam - Japan extensive strategic partnership to be increasingly practical and effective.”

VNA

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