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Vietnamese premier calls for further investment from Japanese businesses

Tuesday, July 02, 2019, 16:23 GMT+7
Vietnamese premier calls for further investment from Japanese businesses
Vietnamese Prime Minister Nguyen Xuan Phuc (L) shakes hands with Japanese Prime Minister Shinzo Abe in Tokyo on July 1, 2019. Photo: Vietnam Government Portal

Prime Minister Nguyen Xuan Phuc has called on Japanese businesses to further boost their high-quality investment in Vietnam, as he chaired an investment promotion conference in Tokyo on Monday morning.

Vietnam’s government always strives to maintain macroeconomic, political, and social stability with transparent policies and favorable conditions, allowing foreign businesses to establish long-term operations and participate in regional and global value chains, PM Phuc told an audience of 1,200 representatives of Japanese and Vietnamese companies.

The Vietnamese head of government encouraged Japanese enterprises to beef up their foreign direct investment into Vietnam, especially in infrastructure, renewable energy, technology, and support industries.

He also called for Japan’s continued official development assistance to infrastructure and eco-friendly projects.

Vietnamese Prime Minister Nguyen Xuan Phuc and his delegation convene a meeting representative of major Japanese businesses in Tokyo on July 1, 2019. Photo: Vietnam News Agency

Vietnamese Prime Minister Nguyen Xuan Phuc and his delegation convene a meeting with representatives of major Japanese businesses in Tokyo on July 1, 2019. Photo: Vietnam News Agency

Chairing the conference was part of a busy schedule of PM Phuc on his official visit to Japan on Monday, which focused on cementing bilateral relationship and seeking further investment into Vietnamese businesses.

Aside from the business gathering, the Vietnamese premier met representatives of 25 leading technology firms and hosted round-table talks with those of major corporations of Japan.

He also held working sessions with Governor of Chiba Prefecture Morita Kensaku, Mayor of Nasushiobara City Wantanabe Michitaro, and Nobuhiko Sasaki, head of the Japanese External Trade Organization (JETRO).

The official visit was concluded on the evening of the same day.

PM Phuc’s one-day official visit to Japan came hot on the heels of his June 27-29 business trip to the East Asian country to attend the G20 Summit.

Prime Minister Nguyen Xuan Phuc meets Nobuhiko Sasaki, head of the Japanese External Trade Organization (JETRO). Photo: Vietnam Government Portal

Prime Minister Nguyen Xuan Phuc (L) meets Nobuhiko Sasaki, head of the Japanese External Trade Organization (JETRO). Photo: Vietnam Government Portal

Shortly after the summit closed, PM Phuc returned to Hanoi on June 30 to witness the signing of a landmark free trade deal between Vietnam and the European Union, before heading back to Tokyo on the afternoon of the same day to commence his official visit on July 1.

His agenda included a talk with Japanese Prime Minister Shinzo Abe, during which PM Phuc affirmed that Vietnam always considers Japan an important, long-term and reliable partner. 

PM Abe praised Vietnam’s position, role and external achievements over the past time, as well as its initiatives and active contributions to the G20 Summit.

The two leaders witnessed the signing of six important documents prior to their conversation on Monday.

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