Tuesday, October 25 2016


President hopes for more investment from Japanese firms

Update: June, 29/2016 - 09:00
President Trần Đại Quang (R) receives President and CEO of Japan’s Sojitz Corporation Yoji Sato in Hà Nội yesterday. — VNA/VNS Photo Nhan Sáng

HÀ NỘI — President Trần Đại Quang hopes that Japanese businesses will increase investment in Việt Nam, especially in developing high-quality infrastructure and support industries.

At a reception for visiting President and CEO of Japan’s Sojitz Corporation Yoji Sato in Hà Nội yesterday, the State leader urged Japanese firms to provide more support for Việt Nam in human resources training, agricultural development and climate change response.
Việt Nam will continue perfecting the legal framework and policies to create a favourable business climate for foreign investors, President Quang noted, adding that Japanese enterprises’ successful operation in Việt Nam would contribute to promoting the intensive strategic partnership between the two countries.

He hailed Sojitz Corporation – one of the largest trading groups in Japan – for its contribution to Việt Nam’s socio-economic development since the country started its renewal process.

Japan is now the largest official development assistance (ODA) provider, the second investor and the fourth trade partner of Việt Nam, he said, adding that the economic cooperation with Japan is crucial for the Southeast Asian country’s development.

The two countries see great potential to boost collaboration in the fields of economy, trade and investment, especially when Việt Nam is integrating deeper into the regional and global economy by joining in a number of new-generation free trade deals such as Trans-Pacific Partnership (TPP) deal, the President highlighted.

For his part, Yoji Sato said Sojitz Corporation’s two industrial parks in the southern province of Dong Nai are welcoming Japanese investors in the support industry, warehousing, seaport, airport and electricity.

As a general trading company, Sojitz Corporation has engaged in a wide range of sectors like automobiles, energy, mineral resources, agricultural and forestry resources, consumer goods and industrial parks.

The group has some 400 subsidiaries and affiliates worldwide. It set up its first representative office in Việt Nam in 1986 and became the first foreign company to receive the country’s Friendship Order in 2006 for significant contributions to local socio-economic development and Vietnam-Japan friendship relations. VNS



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