VN-Japan outfits strengthen allegiances

VN-Japan outfits strengthen allegiances

Vietnamese and Japanese small-and medium-d enterprises (SMEs) exchanged information and sought co-operation opportunities at a meeting in Ha Noi on Tuesday.

Addressing the function, Chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said economic co-operation between the two countries, especially in investment and trade, was enjoying a prosperous period.

Japan is Viet Nam's most important economic investment partner. In the first 10 months of this year, Japanese enterprises poured nearly US$5 billion into the country.

The VCCI and Japanese partners were willing to act as a bridge for businesses from both countries to meet and seek investment and trade opportunities, Loc said.

Kohei Watanabe, President of the Japan-Mekong Co-operation Committee, said the Japan Chamber of Commerce and Industry and trade associations from his country were keen on the Vietnamese market.

Japanese enterprises wanted Viet Nam to improve its investment environment to make it suitable for international practices so that Japanese investors could tap its full potential, he added.

Japanese businesses would continue to invest in Viet Nam, and remain one of the top foreign investors in the country, he affirmed.

Viet Nam expected to receive priority investment in support industries, as well as assistance for SMEs to access new markets and forge partnerships with foreign investors, including those from Japan, according to delegates.

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