Japanese businesses invest an additional 5 billion USD in Vietnam on the occasion of APEC

The projects that Japanese enterprises invested in Vietnam this time are mainly in the fields of energy, oil and gas and health care.

At the reception for Japanese Prime Minister Shinzo Abe on the occasion of attending the APEC Summit Week 2017, President Tran Dai Quang highly appreciated Japan's continued provision of ODA to Vietnam; wished to promote the increase of bilateral trade turnover and Japan's early licensing of the import of fresh Vietnamese fruits into Japan, first of all lychee and longan; technical assistance to Vietnam to improve its capacity to negotiate and implement new-generation free trade agreements; continued to expand cooperation in the fields of health, education and labor, improve the capacity of law enforcement at sea, and overcome the consequences of war, including the dioxin detoxification project at Bien Hoa airport...

President Tran Dai Quang received Japanese Prime Minister Shinzo Abe.

President Tran Dai Quang welcomed and affirmed to continue creating conditions for Japanese enterprises to invest in Vietnam, prioritizing in the fields of energy, high-tech agriculture, supporting industry, and automobile industry development.

The two leaders expressed their delight at the strong and comprehensive development of bilateral cooperation in recent times and agreed to continue to closely coordinate to further develop the Vietnam-Japan Extensive Strategic Partnership in the coming time.

Regarding the Trans-Pacific Partnership (TPP) Agreement, the two sides agreed to continue to cooperate closely with other members to promote the early realization of the TPP.

The two sides agreed to maintain high-level visits, improve the effectiveness of dialogue mechanisms, promote delegation exchanges between ministries, sectors and localities of the two countries and people-to-people exchanges, especially on the occasion of the 45th anniversary of the establishment of diplomatic relations.

The two leaders also exchanged views on international and regional issues of mutual concern, including the nuclear issue on the Korean peninsula and the East Sea, and affirmed close coordination at international and regional forums such as ASEAN, APEC, and the United Nations.

The two sides agreed to peacefully resolve disputes on the basis of international law, including the 1982 United Nations Convention on the Law of the Sea, and fully respect diplomatic and legal processes.

After the reception, President Tran Dai Quang and Prime Minister Shinzo Abe witnessed the exchange of documents on cooperation between ministries, branches and investment projects of Japanese enterprises in Vietnam with a total value of about 5 billion USD.

Including: Minutes of cooperation in the energy sector between the Ministry of Industry and Trade of Vietnam and the Ministry of Economy, Industry and Trade of Japan; contract for Nghi Son 2 Coal-fired Thermal Power Plant; granting of investment license for Van Phong 1 Coal-fired Thermal Power Plant project; initialed power purchase contract of Vung Ang 2 Thermal Power Plant project between Vietnam Electricity Group and Mitsubishi Company; granting of investment certificate for the project to establish a Health Care Department using Japanese technology at Cho Ray Hospital; Memorandum of Understanding on cooperation in developing a liquefied natural gas project between Mitsui Bussan Group and Vietnam Oil and Gas Group.

According to VnEconomy