President assures optimal conditions for Japanese businesses

In his speech, the Vietnamese State leader expressed his pleasure to meet with members of Keidanren Board of Management, the Japan Chamber of Commerce and Industry (JCCI) and other large Japanese economic organizations to discuss solutions and share ideas in order to step up economic cooperation between the two sides.

President Quang said his ongoing visit to Japan is being made on the occasion the two nations' celebration of their 45 years of diplomatic ties. The aim is to deepen the extensive strategic partnership for peace and prosperity in Asia, especially in the field of economic cooperation toward promoting exchanges between businesses of the two countries, thereby boosting Vietnam-Japan economic cooperation in a more substantial and effective manner.

He also affirmed Vietnam’s readiness to welcome Japanese investment in the areas of Vietnam’s demand and Japan’s strengths like infrastructure construction, support industry, high-tech agriculture, energy, environment, finance, banking, and the equitisation process of state-owned enterprises.

Foreign investments, including those from Japanese firms, are seen as an important driving force behind Vietnam’s socio-economic development and improvement of the national competitive capacity, he said, adding that Vietnam pledges to offer optimal conditions for Japanese groups to invest and operate effective, stable and long-term business in Vietnam.

“Vietnam’s economic growth is being kept at 6.5-7% during 2016-2020 along with macro-economic stability, sustainable development associated with environmental protection towards retaining its place as a dynamic country and an attractive investment destination in ASEAN. We are destined to go ahead with deeper integration and engagement in the global value chain.

To achieve these goals, Vietnam has been implementing many policies and measures to improve the investment and business environment, ensure transparency and simplify administrative procedures in accordance with international practices and commitments,” Quang said.

He also underlined that the Vietnam-Japan Joint Initiative is an important channel helping Vietnam revamp its policies and regulations, improve investment climate and attract high-quality foreign investments, particularly those from Japan. 

Chairman of the Japan Business Federation (Keidanren) Sadayuki Sakakibara and Chairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi showed their elation to welcome President Quang on his first state visit to Japan while praising Vietnam’s significant roles in the development of Japanese firms.

They said they believe that the sound political relations will give a major boost to bilateral trade and investment between the two countries.

Japanese corporations also hailed Vietnam’s participation in numerous economic deals such as Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), noting that the Japan-Vietnam Joint Initiative would yield practical results.