He shared the information during a meeting with Prime Minister Nguyen Xuan Phuc in Hanoi on July 19.
At the meeting, PM Phuc lauded JETRO’s activities in Vietnam and said he believes that his guest’s current visit to Vietnam will open a new chapter for trade and investment cooperation between the two nations.
The PM thanked the collaboration of JETRO in organising a trade promotion conference in Vietnam during his official visit to Japan in June 2017. This was the largest event of its kind to date, attracting the attendance of over 1,600 delegates, including the Vietnamese and Japanese Prime Ministers.
He affirmed that business climate improvement is a priority of the Vietnamese Government. The country is focusing on stabilising macroeconomics, improving legal institutions, developing infrastructure and human resources, and simplifying administrative procedures.
PM Phuc said recent surveys showed a significant number of Japanese firms spoke highly of Vietnam’s business climate and wanted to expand their operations in the country.
The Vietnamese leader expected Japan would obtain the top position in Vietnam’s FDI, saying Vietnam welcomes Japanese investments, particularly in infrastructure development, clean energy, processing and industry, electronics, high-tech farming, logistics, and aviation.
He stated that Vietnam will do its best to facilitate Japanese investors.
The PM took the occasion to convey his sympathies to Japanese people affected by recent floods.
For his part, JETRO Chairman and CEO Hiroyuki Ishige said Japanese PM Shinzo Abe pays attention to on boosting cooperation with Vietnam.
Ishige highlighted that the many deals secured at the June conference – including key projects in energy, trade, and industrial production – are effectively being implemented in Vietnam.
Highlighting the strong Japanese capital flow into Vietnam, he said JETRO is making efforts to support the investments.
He said skilled Vietnamese employees are in high demand for Japanese firms, adding that JETRO is working with Vietnamese universities to introduce Japanese firms.
He stressed that improvements to the business climate are key to attracting more Japanese investors to Vietnam.
Responding to PM Phuc’s comment on the proactive contribution of Vietnam and Japan to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Ishige said he expects the two countries will take the lead in the implementation of the pact.
He hoped the CPTPP’s coming into effect would happen soon, so as to bring about the mutual benefits for all sides involved.