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President woos long term Japanese money

Update: November, 23/2013 - 09:24
President Truong Tan Sang (R) receives Vice President of the International Friendship Exchange Council of Japan (FEC), President of the Japan-Viet Nam Cultural and Economic Exchange Committee, Nakagaki Yoshihiko in Ha Noi.—VNA/VNS Photo Nguyen Khang

HA NOI (VNS)— Viet Nam has created favourable conditions to help Japanese businesses seeking long-term investments in the country, noted President Truong Tan Sang.

Sang made the statement yesterday while receiving Vice President of the International Friendship Exchange Council of Japan (FEC) Nakagaki Yoshihiko, who is heading a delegation of Japanese businesses currently on a working visit to Viet Nam.

Viet Nam had created clear policies, along with flexible management, to meet businesses' demands for a stable and favourable investment environment, he said.

Sang also noted that Viet Nam had worked to improve the quality of its human resources, as well as upgrade its telecommunications infrastructure, as a means of improving the investment environment.

However, Viet Nam needed more help from Japan in such fields as human resources training, technology renovation and agricultural and fisheries processing, Sang said.

He also applauded Japanese businesses' active investment in Viet Nam, but noted that Japanese businesses should promote investment in fields with high competitiveness, such as agricultural machinery production, to improve the efficiency of investments.

For his part, Nakagaki, who doubles as President of the Japan-Viet Nam Cultural and Economic Exchange Committee, expressed his pleasure with the socio-economic progress made by Viet Nam and said he hoped the Vietnamese leaders would alert Japanese investors about the country's economic development.

Additionally, some Japanese businesses proposed that Sang consider creating policies to create more favourable conditions so businesses of the two countries might increase their co-operations. — VNS

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