The Vietnamese government has always appreciated the quality and efficiency of capital flows of foreign direct investment (FDI) from Japan. It recently called on Japanese businesses to increase investments to develop industries in Vietnam, said deputy minister of Planning and Investment Dang Huy Dong.
Making automobile components in a Japanese firm. Direct investment from Japan has always been appreciated in Vietnam.
Dong made the statement at a seminar marking the fifth Vietnam-Japan Economics meeting in the Tokyo yesterday. There were more than 200 delegates in participation.
Dong said Japan was strong in manufacturing and support industries and Vietnam had many opportunities to develop such industries thanks to abundant human and natural resources at work.
Vietnam was willing to offer special incentives for Japanese investors to continue their involvement, such as building a separate industrial park for small and medium Japanese enterprises who invest in support industries. They would be given free legal services and document translations when registering for investment in the industrial zones
At the seminar, the Ambassador of Vietnam to Japan, Nguyen Phu Binh, affirmed Japan was one of the important economic partners of Vietnam. Vietnam highly appreciated the role of Japanese companies for economic development in Vietnam and the strategic relationship between the two countries.
The CEO of the International Friendship Exchange Council of Japan (FEC), Ken Matsuzawa, also shared his view with Ambassador Binh, and expressed thanks for the valuable assistance provided by the Vietnamese government to the victims of the March earthquake and tsunami, considering it a symbol of the friendship between the two countries.
The Embassy of Vietnam in Japan in co-ordination with the FEC held the seminar. At the seminar were representatives of the Ministry of Planning and Investment, the Ministry of Industry and Trade of Vietnam and Bac Ninh Province and Hai Phong City. They introduced their investment in the environment and incentives to encourage foreign investment in Vietnam and support industry as well.
According to statistics of the Ministry of Planning and Investment, for more than two decades Japan has been one of the countries and territories with the largest FDI in Vietnam. As of July this year, total registered capital of Japanese companies reached $21.6 billion, with 1,560 projects and ranked fourth among 93 countries and territories having investment in Vietnam.