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President Sang pledges to support Japanese investment

Update: December, 10/2014 - 09:29
President Truong Tan Sang (right) greets Japanese delegation on December 9. — Photo vov.vn

HA NOI (VNS) — Viet Nam will do everything it can to facilitate Japanese investment, President Truong Tan Sang said yesterday while receiving a delegation from the Japan-Viet Nam Economic Committee under the Japan Business Federation (Keidanren) in Ha Noi.

Sang said he valued the committee's contributions to fostering the friendship between the two countries and connecting their businesses. He also said he hoped Japanese firms would invest more in Viet Nam in 2015.

Informing the guests of the construction of Viet Nam-Japan University, Sang said Japan should increase official development assistance in education, open more training facilities and speed up technology transfers.

The committee's co-chairmen, Takahashi Kyohei and Nakamura Kuniharu, briefed Sang on the outcomes of a working session held by the delegation and the Ministry of Planning and Investment. They said both sides were satisfied with the sixth stage of the Viet Nam-Japan Joint Initiative.

Thanks to policy dialogues, Japanese businesses were confident about Viet Nam's investment climate, they said. They also affirmed their determination to step up co-operation programmes in the coming years.

Viet Nam and Japan could collaborate more on agriculture and tuna fishing, they said, proposing that Viet Nam intensify connectivity so it could ship more high-quality products abroad.

Joint initiative

Earlier yesterday, officials held a high-level meeting so they could review the fifth stage of an action plan proposed to implement the Viet Nam–Japan Joint Initiative.

Bui Quang Vinh, the minister of Planning and Investment, said at the meeting that the initiative, launched 11 years ago, demonstrated Viet Nam's commitment to constantly improving its business climate.

Hiroshi Fukada, Japanese Ambassador to Viet Nam, said in a speech that the initiative included a range of policies that would expedite Viet Nam's industrial development, making it easier for the country to draw in more capital.

Meanwhile, Kyouhei, a co-chairman of the committee, said Japan would continue to contribute to the development of Viet Nam and other ASEAN member countries.

Started 16 months ago, the fifth stage of the action plan encompasses 13 groups of issues, with 26 items and 104 sub-items. Most relate to law and policy enforcement, taxation, customs-transport, services, the non-banking sector, intellectual property, support industries, retail, the environment, labour, macro-economic stability, food hygiene and infrastructure-building in the private sector.

Relevant agencies from the two countries have held 40 policy dialogues so far, with many constructive recommendations made by Japan.

According to the joint committee, 95 out of 104 sub-items are under way. Both sides vowed to work closely together in the sixth stage of the action plan.

The Ministry of Planning and Investment, the Japanese Embassy, the Viet Nam-Japan Economic Committee and the Joint Committee of the Viet Nam – Japan Joint Initiative hosted the event. — VNS

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