PM: Japanese firms made new opportunities in Vietnam
Vietnam will bring various new opportunities to Japanese businesses, Prime Minister Nguyen Tan Dung affirmed at a business forum of the five countries in the Mekong region in Tokyo on July 3.
The business forum of the five countries in the Mekong region was attended by leaders of Mekong countries and representatives from nearly 200 Japanese businesses.
It is a chance for both sides to discuss development and business prospects in the region.
At the forum, participants said that, with a population of 230 million people and increasing income per capita, the Mekong sub-region continues to be one of Japan’s most significant manufacturing bases and consumption markets.
Over the past six years of development, Mekong-Japan cooperation has greatly benefitted the GMS’s socio-economic development, especially in infrastructure, transport and logistics service, transforming the region into an attractive investment destination.
Speaking at the forum, President of the Japan External Trade Organisation Hidehiro Yokoo said his group has opened 6 representative offices in five Mekong countries.
As many as 1,000 Japanese firms applied for membership of the Japanese Business Association in the region from 2012-2015. Japan’s direct investment in the region reached 6.8 billion USD, rivalling Japanese inflows into China, he said.
Addressing the forum, Prime Minister Nguyen Tan Dung introduced Vietnam’s advantages in geographical location and socio-political and macro-economic stability, adding that the country is fine-tuning its market economy regulations, developing human resources and infrastructure and pushing international integration forward.
The Prime Minister stated that the Vietnamese government will continually stand by and create the most favourable conditions for Japanese investors operating in Vietnam.
It is a chance for both sides to discuss development and business prospects in the region.
Mekong-Japan cooperation has greatly benefitted the GMS’s socio-economic development, especially in infrastructure, transport and logistics service.
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Over the past six years of development, Mekong-Japan cooperation has greatly benefitted the GMS’s socio-economic development, especially in infrastructure, transport and logistics service, transforming the region into an attractive investment destination.
Speaking at the forum, President of the Japan External Trade Organisation Hidehiro Yokoo said his group has opened 6 representative offices in five Mekong countries.
As many as 1,000 Japanese firms applied for membership of the Japanese Business Association in the region from 2012-2015. Japan’s direct investment in the region reached 6.8 billion USD, rivalling Japanese inflows into China, he said.
Addressing the forum, Prime Minister Nguyen Tan Dung introduced Vietnam’s advantages in geographical location and socio-political and macro-economic stability, adding that the country is fine-tuning its market economy regulations, developing human resources and infrastructure and pushing international integration forward.
The Prime Minister stated that the Vietnamese government will continually stand by and create the most favourable conditions for Japanese investors operating in Vietnam.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years