Second Japanese investment wave expected in Vietnam (26/05)
06/08/2010 - 202 Lượt xem
The commitment was made by Minister of Planning and Investment Vo Hong Phuc at seminar on investment in Vietnam held in Tokyo on May 24 with the participation of about 100 representatives of Japanese businesses.
Minister Phuc informed the participants of Vietnam's socio-economic development strategy in the next five years and the Common Investment Law, which will take effect on July 1, 2006. He noted that after the two countries signed the investment protection and promotion agreement, through the Joint Japan-Vietnam Investment Initiative, a new wave of Japanese investment in Vietnam has begun and more and more Japanese investors are pouring investment into the country.
“We hope the wave gets stronger,” said Mr Phuc.
Japanese businesses showed their interest in infrastructure facilities for investment projects, including ports, financial market development, and enterprise income tax. They said the availability of information on the investment environments of Vietnamese localities on the Internet remains poor, so the country should establish a database to introduce a list of Vietnamese companies for trade partnership to Japanese businesses.
The vice president of the Japanese organisation for promotion of people’s exchange (FEC) said that Vietnam is Japan’s leading partner and that developing the partnership with the country is the right choice. He said he is confident that economic ties between Vietnam and Japan will further develop in the coming time.
After the seminar, the Vietnamese Embassy in Japan will co-ordinate with Vietnamese agencies and Japanese partners to carry out other activities to promote a second wave of Japanese investment in Vietnam.
Source: VOV news
