(MPI) - Minister of Planning and Investment Nguyen Chi Dung held a meeting with Nitta Hachiro, Governor of Toyama Prefecture, Japan on November 25th, 2021, on the sidelines of Prime Minister Pham Minh Chinh’s official visit to Japan. Participants of the meeting were heads of some departments and sectors of Toyama Prefecture.
Toyama is a prefecture in central Japan with a population of 1,088 million, and its GDP is estimated at JPY 3.185 million. The prefecture has such key industries as manufacturing machine tools and car parts like Toyota, Honda, etc. Currently, there are 36 Toyama’s businesses that have invested in Vietnam and 2,600 Vietnamese interns working in the prefecture.
According to Governor Nitta Hachiro, there are 19 thousand foreigners living and working in Toyama, in which Vietnamese accounts for 4.7 thousand people. As stated by the Governor, Vietnam was an attractive destination for Toyama’s enterprises, and he wished to lead a delegation of the prefecture’s enterprises to visit and work in Vietnam as soon as COVID-19 was controlled in order to promote the partnership and economic exchanges, continuing to support the prefecture's businesses investing and to be investing in Vietnam.
Minister Nguyen Chi Dung expressed his gratitude towards Governor Nitta Hachiro for his praising words to Vietnam, and highly appreciated the prefecture’s enterprises investing in the country with rapid growth. It showed a tight bond between the two nations, proven with encouragement, support and boosts for effective and successful investments from such enterprises. He also lauded these enterprises for their work in investment as well as in helping Vietnam overcome hardship during the recent COVID-19 wave to maintain their production in Vietnam.
As of now, the productive Vietnam - Japan relationship has shifted into a strategic and comprehensive partnership, both intensively and extensively. This active political relationship should be promoted and concretized by linking localities from both nations, and helping prefectural enterprises to invest in Vietnam more effectively and on a larger scale. Such enterprises are encouraged to invest in Vietnam while there are many incentives provided to as well gain mutual benefits. He also suggested that Toyama Prefecture pay more attention to technology transfer for businesses, human resource training and cultural exchanges between the two countries, provide scholarships for Vietnamese students, create conditions for Vietnamese workers and support the community of nearly 5,000 Vietnamese living in the prefecture, contributing to strengthening the relationship of the two countries through the cooperation linkage between Toyama Prefecture and Vietnam.
As Vietnam is moving to a new state of “normal” and COVID-19 is controlled, Minister Nguyen Chi Dung expected Toyama Prefecture activities to be more innovative, practical and effective, leveraging the mutual relationship to a new height. During such process, if there are any suggestions or difficulties from Toyama Prefecture in general and from its enterprises in specific, the Ministry of Planning and Investment (MPI) is willing to join hands to tackle the problems for shared benefits. The Minister wished for an even more active relationship between the prefecture and the MPI, and expected the visit of the prefectural delegation to Vietnam in the nearest future.
At the meeting, a Memorandum of Understanding was agreed between the MPI and Toyama prefectural government, and it was the basis and foundation for the two sides to continue investment cooperation, maintaining economic and trade exchanges. The two sides also reviewed for supplement and amendment, especially on training and technology transfer in the fields of agriculture, industry and human resource training./.
Ministry of Planning and Investment