'Heavenly time, geographical advantage, and human harmony for Japanese enterprises to enter Vietnam'

That was the affirmation of Prime Minister Nguyen Xuan Phuc within the framework of a roundtable discussion with large Japanese enterprises and investment funds at noon on June 5 in Tokyo, Japan.

The seminar was organized by the Ministry of Planning and Investment in coordination with the Vietnam Bank for Industry and Trade (Vietinbank) and the Bank of Tokyo - Mitsubishi UFJ (BTMU), Japan.

Participating in the discussion with Prime Minister Nguyen Xuan Phuc were representatives of leaders of leading Japanese corporations and brands in the fields of high technology, electronics, petroleum, finance-banking, trade and retail such as Canon, Panasonic, Nipro Corporation, Taisei Corp, Tokyo Gas, Idemitsu, Taiyo Nippon Sanso, Hitachi Zosen, Aeon, Fast Retail, Mitsubishi UFJ Leasing...

Prime Minister Nguyen Xuan Phuc receives leaders of Mazda Company. Photo: VGP.

In his welcoming speech to leading Japanese enterprises attending the seminar, the Prime Minister emphasized the significance of the seminar, which is an opportunity for Vietnamese ministries and sectors to listen to and absorb opinions and proposals from Japanese investors, thereby providing a basis for proposing solutions to address a number of issues regarding the investment environment; at the same time contributing to policy making for the development of the Vietnamese economy.

The Prime Minister highly appreciated the proposals discussed at the seminar related to increasing the localization rate in Vietnam's industrial production; developing supporting industries; promoting infrastructure development; expanding retail in Vietnam's market of nearly 100 million people...

The Prime Minister said that the total value of FDI capital from Japanese enterprises in Vietnam is currently ranked second, but only slightly higher than the third-ranked country.

Therefore, the Prime Minister raised the issue that, along with Vietnam actively innovating, reforming and perfecting policies, Japanese enterprises and investors need to speed up the implementation and promote the implementation of investment projects in Vietnam.

Based on the agreement reached between the two countries' senior leaders, Vietnam will actively address policy weaknesses, share strategic benefits with foreign investors, and ensure harmony between the interests of the State, investors and people.

Earlier this morning, the Prime Minister met with a number of large Japanese enterprises and investment funds investing in Vietnam, and directly answered questions of concern to investors.

Speaking to investors, Prime Minister Nguyen Xuan Phuc said that this is a time of "heavenly time, favorable location, and harmony between people", a good opportunity for Japanese investors to enter Vietnam.

Japan is the first ODA investor and the second FDI investor, accounting for 15% of the total FDI in Vietnam. However, the potential for cooperation is still very large and we hope that Japanese investors will decide to invest in Vietnam more quickly. Vietnam advocates sustainable and stable development and high economic growth, so the financial demand is high.

The Prime Minister emphasized that Vietnam is building a proactive, honest, and action-oriented government that serves the people and businesses, and is continuing to improve its business and investment environment to be among the top in ASEAN. Private investment and foreign direct investment (FDI) are important driving forces for economic development and enhancing Vietnam's competitiveness.

“Now we are only discussing how you can get in quickly and invest to achieve the best results. The Government will further promote investment in the infrastructure sector, including electricity. Because if growth is 6.5-7%, electricity demand will increase by 12%. The Government also has a policy of narrowing down the sectors that the State does not need to hold, expanding to the market, especially equitizing state-owned enterprises, including the electricity sector. Japanese enterprises can directly invest in equitized enterprises or through investment funds in Vietnam to become strategic shareholders of state-owned enterprises that we plan to sell,” said the Prime Minister.

Welcoming Japanese enterprises, the Prime Minister requested leaders of ministries and sectors to create favorable conditions for enterprises interested in investing in Vietnam. Vietnam always has ready portfolios that Japanese investors are interested in, including investment in national infrastructure development, public-private partnership (PPP) projects, in the fields of finance, banking, insurance, renewable energy, and equitization of state-owned enterprises. In the electricity sector, Vietnam will sell shares of three major power generation corporations in three regions.

According to Zing.vn