President appreciates Japan’s discipline, responsibility, business culture    
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President appreciates Japan’s discipline, responsibility, business culture President Tran Dai Quang speaks at the conference. (Photo: VNA)
Jun 01 2018

Vietnam appreciates the discipline, sense of responsibility, modern technology, advanced administration, and business culture of Japanese enterprises and entrepreneurs while carrying out their business and investments in Vietnam, said President Tran Dai Quang.

Addressing the Vietnam Investment Promotion Conference in Tokyo on May 31, President Quang said the Japanese business community, including leading groups, not only act as pioneers in investment cooperation but also help to boost bilateral relations in a more practical and effective manner.

He stressed that the conference offered a valuable chance for the two countries’ businesses to review their investment cooperation and seek new affiliation opportunities, thus helping to enhance and deepen the Extensive Strategic Partnership for Peace and Prosperity in Asia.

Japan is currently the biggest ODA provider to Vietnam with more than US$30 billion committed, which has made important contributions to upgrading infrastructure, improving human resources, increasing national administration capacity, and accelerating poverty reduction in Vietnam. In terms of investment, Japan is always a leading partner of Vietnam with over 3,700 projects totalling more than US$50 billion. Bilateral trade has enjoyed stable growth, exceeding US$33 billion last year.

He highlighted the goal of turning Vietnam into a modern industrialised nation, so Vietnam has a great demand for developing modern and synchronous infrastructure, energy and educational systems, which are also fields which Japan holds particular strengths in. This is a precious chance for Japanese businesses and entrepreneurs to expand their investments in Vietnam, especially in manufacturing, agriculture, energy, IT, smart city, services, infrastructure, finance, banking, and innovative start-ups, and take part in the equitisation of State-owned enterprises.

He underlined the country’s consistent policy of attaching importance to the partnership with Japan based on the common strategic geopolitical-economic interests and trustworthy friendship, which have been solidified over the last 45 years.

Speaking at the event, Chairman and CEO of the Japan External Trade Organisation (JETRO), Hiroyuki Ishige, recalled the results of cooperation between Japan and Vietnam, especially their efforts in the signing of the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP), emphasising that the deal will be a driving force for economic, trade and investment cooperation between the two countries in the future.

Also at the conference, President Quang, Japanese State Minister of Economy, Trade and Industry, Yoji Muto, and JETRO Chairman, Hiroyuki Ishige, witnessed the presentation of investment certificates and memoranda of understanding on cooperation projects between the two countries’ businesses and localities.

On this occasion, Vietjet Air announced the launch of a direct route linking Hanoi and Osaka which will operate daily from November 8 this year. Earlier, the budget carrier worked with Japanese partners to organise some flights from Vietnam to several Japanese cities like Osaka, Narita, Sendai, Nagoya, Komatsu, Ibaraki, and Fukushima.

Before the event, President Quang had received JETRO Chairman, Hiroyuki Ishige, thanking him for JETRO’s support in connecting enterprises and organising investment promotion conferences and dialogues to overcome obstacles to the free conduct of business.