31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Vietnam - an ideal option for Japan’s new supply chains: JICA
Nguyen Tung 15:09, 2020/12/12
Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, Prime Minister Nguyen Xuan Phuc has said.

Japan is rebuilding new supply chains and Vietnam remains an ideal option during this process.

 Prime Minister Nguyen Xuan Phuc (r) and President of the Japan International Cooperation Agency (JICA) Kitaoka Shinichi (l). Photo" Quang Hieu. 

President of the Japan International Cooperation Agency (JICA) Kitaoka Shinichi shared the view in a meeting with Prime Minister Nguyen Xuan Phuc on December 11.

Mentioning Vietnam as his first trip abroad since the Covid-19 outbreak, Mr. Shinichi spoke highly of the Vietnamese government’s efforts in containing the pandemic.

“Vietnam is the first country that JICA has sent its volunteer over, and also the destination for the first trip of the Japanese Prime Minister Suga Yoshihide,” he noted, adding the close relations between the two countries help build mutual trust.

PM Phuc stressed the Vietnam-Japan relations have been growing strongly in various spheres. In this regard, Japan is Vietnam’s top economic partner and the biggest donor of the official development assistance (ODA) and preferential loans, in turn actively contributing to Vietnam’s socio-economic development.

“The government is committed to creating favorable conditions for Japanese investors to promote businesses in the country,” stated Mr. Phuc, while the Vietnam-Japan University has been the “light house” of the bilateral relations.

In the course of 35 years of reform, Vietnam has transformed into a middle-income country, but is still facing numerous difficulties, he noted.

“The lack of inadequate infrastructure is restricting the development in many provinces/cities, and the ODA from Japan is playing a key role in Vietnam’s economic development, poverty reduction and  the infrastructure system improvement,” the PM suggested.

The Vietnamese government expects to continue receiving JICA’s support in the future.

On this occasion, Mr. Phuc hoped the Japanese government to provide support for the Vientiane – Hanoi expressway project.

“Vietnam targets utmost transparency and efficiency in the use of ODA funds,” stated Mr. Phuc.

Amid the Covid-19 causing global economic recession, Vietnam stands ready to receive a shift of investment capital from Japanese investors, he stressed.

“With the huge potential from two countries, the bilateral relations are set to reach a new height once the pandemic is fully contained,” Mr. Phuc asserted.

TAG: Vietnam Japan covid-19 coronavirus nCoV pandemic JICA supply chain investment destination ODA Suga Yoshihide
Other news
12:47, 2022/47/01
Vietnamese Gov’t to divest state capital at 141 businesses until 2025
The Government is determined to accelerate the divestment and privatization process at state firms that have stagnated due to the impacts of the Covid-19 pandemic.
17:42, 2022/42/11
IFC assists Vietnam to boost green finance for a low-carbon economy
Capital markets have a big role to play in Vietnam’s transition to a climate-resilient and low-carbon economy, helping mobilize green capital.
22:43, 2022/43/29
Vietnam's FDI outlays in 10 months jump 15% to exceed $17 billion
The total FDI disbursement in Vietnam this year is projected to hit $21-22 billion, up 6.4-11.5% year on year.
05:51, 2022/51/28
Actual FDI to Vietnam rises over 16% to US$15.4 billion in 9-month
Foreign businesses continue to show their confidence in Vietnam’s investment environment.
14:58, 2022/58/21
Construction of road connecting Northwest region kicked off
The project is essential to socio-economic development in the Northwest in general, and Lai Chau in particular.
21:32, 2022/32/16
Vietnam may face increased pressure on inflation control: Experts
Economists on September 16 forecast Vietnam may find it harder to tame inflation in Q4 and 2023.