(MPI) - Minister of Planning and Investment Nguyen Chi Dung received Masayuki Hyodo and Masayoshi Fujimoto, chairmen of the Japan - Vietnam Economic Committee at the Japan Business Federation (Keidanren) in Hanoi on March 27, who are in Vietnam to attend the launching of first phase of the Vietnam - Japan Joint Initiative in the new era.

At the working session. Photo: MPI

Minister Dung lauded Keidanren’s cooperation and contributions, along with the Japanese enterprises’ role and the Japanese Embassy in Vietnam’s companionship in helping Vietnam improve the investment environment. Keidanren is an important economic bridge that bring the Vietnam-Japan “Comprehensive Strategic Partnership for peace and prosperity in Asia and the world” developing in all spheres.

He suggested the two sides have new thinking methods, new vision and cooperate in some potential fields like digital transformation, green transition, and sustainable development; supporting Vietnam to improve its infrastructure, roads and railways through the provision of more preferential official development assistance (ODA) loans. Vietnam will accelerate efforts to reform institutions, speed up project implementation and create the most favourable environment so that Japanese businesses choose Vietnam as the most appealing investment destination.

For his part, Hyodo affirmed that Vietnam is an important place and an appealing investment destination for Japanese businesses. Japanese firms will continue their activities to develop stronger in Vietnam and promote technology transfer, provide high-quality human resources training.

The co-chairman thanked the valuable coordination of the Ministry of Planning and Investment and the minister personally in implementing the past eight phase of Vietnam - Japan Joint Initiative, creating conditions for Japanese businesses to understand more clearly about Vietnam’s needs, conditions and investment priorities.

He voiced his hope that the Vietnamese agencies will continue its administrative procedure reform and improve the investment climate so that Japanese enterprises can feel more secure in doing business here.

The two sides focused their discussion on a number of priority areas such as infrastructure development, international airport operation and shared operating mechanisms within the framework Japan’s Asia Zero Emission Community (AZEC) initiative). They expressed belief that with the close coordination of relevant agencies, investment cooperation between Vietnam and Japan in the new era will be further enhanced./.

Bao Linh

Ministry of Planning and Invesment