On November 25th, 2021, within the framework of Japan
visit of Vietnamese Prime Minister – Mr. Pham Minh Chinh, the Prime Minister
met the President of the Japan External Trade Organization (JETRO). During the
meeting, the Prime Minister met leaders of many large Japanese corporations,
businesses and banks and signed many investment cooperation agreements between
Vietnam and Japan.
Law Firm in Vietnam
The parties highly appreciated JETRO’s practical and effective
contributions to Vietnam in recent years in promoting investment cooperation.
In the 10 months of 2021, Japan ranked 3rd among countries making investments
in Vietnam, with a total registered investment capital of nearly USD 3.4
billion. Up to now, Japan is the second largest investor in Vietnam with over
USD 63.9 billion (accounting for 15.8% of total FDI investment).
Vietnam encourages Japanese businesses to invest and set up company in Vietnam,
apply investment registration certificates in Vietnam, expand investment
cooperation in infrastructure, energy, manufacturing industry, high-quality
agriculture, information technology, smart cities, financial and banking
services, and banking, innovation. The Government is committed to accompanying
the business community, supporting and creating all favorable conditions for
business investment activities on establishment of company in Vietnam, bringing
about more benefits for the parties, contributing to bringing Vietnam-Japan
relations to a new level.
During this visit, the two countries signed more than 40
cooperation agreements with a total investment value of more than USD 3
billion. In addition to investment commitments, during this visit, there were
many cooperation agreements on human resource training or other environmental
protection solutions signed between ministries, sectors and businesses.
In the meeting, the Prime Minister of Vietnam also met and
discussed with leaders of Nippon Foundation, MUFG Group, INFRONEER Group, JBIC
Bank, Idemitsu Group and Mizuho Bank on market development, business, human
resource training.
The Prime Minister shared with the difficulties of Japanese
businesses in Vietnam over the past time, he said that Vietnam has changed to a
safe and flexible adaptation, effectively controlling the epidemic. The
competent authorities at all levels must discuss with businesses and citizen to
deploy solutions appropriate to the situation, bring life back to normal, both
open production and business, and effectively prevent epidemics. Vietnam also
suggested that Japanese businesses corporate with Vietnamese in epidemic
prevention and control, continue to contribute to improving institutions,
training human resources, investing in hard and soft infrastructure, and
cooperating in areas such as: climate change response, digital economy, green
economy, circular economy…
In addition, to ensure investment and trade, Vietnam is expected
to start reopening international flights in early December, including flights
to Japan. This will make it easier for Japanese investors to make investment,
market surveys, and deploy their investment projects.
By the visit, Vietnam wishes to further develop cooperation in
investment, human resources and diplomacy with Japan, thereby creating
favorable conditions for investors of the two countries to expand their
business, form company in Vietnam and contribute to national economic
development.
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