PM Phuc hosts Japanese firm’s chairman    
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PM Phuc hosts Japanese firm’s chairman
Apr 02 2019

Prime Minister Nguyen Xuan Phuc has affirmed Vietnam’s readiness to offer favourable conditions for foreign investors, including those with great financial potential and modern management strength from Japan and the Republic of Korea, to do business in the country.

At an April 1 reception in Hanoi for Chairman of Japan’s Maruhan Corporation Han Chang-woo, PM Phuc extended his thanks to the Chairman for his efforts to promote Maruhan’s investment in Vietnam. 

The Vietnamese government leader extolled Maruhan’s investment and business achievements in a wide range of fields such as banking, insurance, construction, food production, and entertainment services, saying that Vietnam has mapped out a strategy on banking development till 2025 with a vision for 2030 towards spurring the country’s economic development.
Vietnam attributes great importance to foreign investors and desires to attract more foreign investment in the areas of its need, such as finance, banking, infrastructure, high-tech agriculture, and innovation, Phuc said.

The Maruhan Corporation chairman, in turn, congratulated Vietnam on its socio-economic achievements in recent times, and the successful organization of the second DPRK-USA summit which, he said, helped raise Vietnam’s international profile.

He expressed his confidence that Vietnam’s economy will continue to see positive development in the future, adding that his corporation wishes to intensify investment in Vietnam and contribute to the country’s development. 

The Vietnamese economy has maintained stable growth in recent times, thus offering a good opportunity for investors as Vietnam is an attractive market for foreign businesses with roughly US$40 billion worth of foreign investment poured into the country each year. 

The total foreign investment in Vietnam in the first quarter of 2019 was 1.5 times higher than that of last year’s same period, he noted. 

Vietnam is making every effort to reach higher economic growth while maintaining a stable macro-economy and creating a secure and attractive investment environment for foreign investors, including Maruhan, Phuc told his guest.