TOKYO – Foreign investments, including those made by Japanese firms, are a driving force for Việt Nam’s development and improvement of national competitive capacity, said President Trần Đại Quang.

In a dialogue with leaders of Japanese corporations in Tokyo yesterday, President Quang noted that Việt Nam welcomes Japanese investment in fields of Việt Nam’s interest and Japan’s strengths like infrastructure construction, support industry, high-tech agriculture, energy, environment, finance, banking and the equitisation of State-owned firms.

Việt Nam commits to creating favourable conditions for Japanese groups to invest and operate in the country, he underlined.

The President informed the Japanese businesses that Việt Nam is striving to maintain annual GDP growth of 6.5-7 per cent during 2016-20 along with macro-economic stability while working to promote sustainable development coupled with environmental protection.

The moves will help Việt Nam maintain its position as a dynamic nation and attractive destination for investment in ASEAN.

He stressed that the Việt Nam-Japan Joint Initiative is an important channel to help Việt Nam complete its policies and regulations, improve investment climate and attract high-quality foreign investments to Việt Nam, particularly those from Japan.

Chairman of the Japan Business Federation Sadayuki Sakakibara and Chairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi expressed their delight to welcome President Quang to Japan.

Lauding Việt Nam’s role in the development of Japanese firms, they believed that the fruitful political relations will bolster bilateral trade and investment.

Japanese corporations praised Việt Nam’s participation in various economic deals like Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). — VNS