President asks Japan to boost investment in VN
President asks Japan to boost investment in VN
Meeting with Chairman of the Japanese Business Association in Vietnam Motonobu Sato in Hanoi on Saturday, President Truong Tan Sang said he hoped that Japan will boost up its investments in Vietnam in the coming years.
Speaking at the meeting, which was attended by Japanese Ambassador Hiroshi Fukada, and representatives of the Japan International Cooperation Agency, the Japan Trade Promotion Organization, and the Japanese Business Association in Ho Chi Minh City, President Sang also said Japanese investors should focus on such prioritized fields as electronics, farm machinery, agricultural and fisheries processing and shipbuilding.
The president also said Vietnam will step up the development of industrial parks and create favorable conditions for foreign investors, including those from Japan.
The Vietnamese leader emphad that there is a lot of potential for bilateral cooperation, particularly in economics, trade and investment.
For his part, Chairman Motonobu Sato affirmed Japan’s efforts to enhance cooperation and investment in Vietnam in the years to come.
The Japanese guest also praised Vietnam’s efforts in creating favorable conditions for foreign investors, including the implementation of the Japan-Vietnam joint initiative on improving investment environment.
Japan is now Vietnam’s leading investor with its capital totaling $5.7 billion in 2013, making up 26.6 percent of total foreign direct investment (FDI) in Vietnam, the chairman said.
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