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PM calls on SMBC to expand investment in Việt Nam

Update: November, 23/2018 - 11:00
Prime Minister Nguyễn Xuân Phúc (right) receives President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata. — VNA/VNS Photo Thống Nhất
Viet Nam News

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc suggested Sumitomo Mitsui Banking Corporation (SMBC) further expand its investment in Việt Nam during a reception in Hà Nội on Thursday for President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata. 

As Việt Nam continues its path towards strong growth, Phúc hoped that SMBC will actively join in the country’s restructuring of its banking system. 

He proposed that SMFG and SMBC uphold their roles as bridges, connecting and promoting Japanese investment in Việt Nam, thereby strengthening the bilateral comprehensive partnership. 

The Vietnamese Government will continue to listen to feedback and remove obstacles facing Japanese investors, he said, adding that he hopes Japan will become the largest foreign investor in the country. 

Lauding SMBC-funded projects in Việt Nam as important and large-scale, Phúc wished that SMBC would increase its credit to Vietnamese and Japanese partners. 

The leader affirmed that Việt Nam will increase its economic scale, while keeping inflation and credit for real estate and securities under control, thus creating a stable business environment for investors. 

He expected that SMBC would continue reaping successes in Việt Nam in the near future. 

Miyata, for his part, said SMBC will expand the supply of preferential loans to Việt Nam, especially in infrastructure. 

He said SMBC wants to receive further support from the Vietnamese Government, ministries, and agencies, adding that it will carry on standing side-by-side with Việt Nam during its development process. 

Miyata took this occasion to thank the Vietnamese Government, ministries and sectors, especially the State Bank of Việt Nam, for creating optimal conditions for SMBC to operate smoothly in the country. — VNS

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