The impressive results of cooperation in trade and investment between Viet Nam and Japan in recent years were greatly contributed by the Japan-Viet Nam Economic Committee under the Japan Business Federation (Keidanren), said Prime Minister Nguyen Xuan Phuc.
Vietnamese Minister of Planning and Investment Nguyen Chi Dung has called on Japanese infrastructure developers to build industrial parks for Japanese investors in Vietnam in an effort to welcome a new wave of investment.
“Businesses are the driving force of development”, “the success of businesses is the success of the province”, and “investors are citizens in Vinh Phuc” – these are the lodestars for the northern province of Vinh Phuc in wooing investors.
The Mekong Delta province of Tra Vinh has made great efforts in completing mechanisms and management policies to lure more foreign investors and improve the quality of foreign direct investment in the locality.
Vietnam is among the top five investors in Cambodia, with nearly US$3.1 billion registered in 214 projects, including 176 operational projects worth US$2.77 billion.
The central coastal city of Danang plans to call for investment in the VND50 trillion (US$2.16 billion) City Opera House project and the VND54.5-trillion subway system project for the 2020-2025 period.
Chairman of Hanoi City Nguyen Duc Chung has reaffirmed the city government’s commitment to make life easy for foreign investors to do business in the capital, including those from Japan.
While trimming its forecasts for economic growth in developing Asia this year and next given the slower growth in China and India, the Asian Development Bank (ADB) has raised Vietnam’s growth forecast to 6.9% for 2019 and 6.8% for 2020.
Despite numerous risks, Vietnam’s agro-forestry-fishery sector is expected to reap bigger fruits in 2019 with more investments implemented, making it one of the key drivers of economic growth.
The past two years have seen capital flows into Vietnam continue to steadily increase, as well as some of the country’s biggest mergers and acquisitions deals to date. Ben Gray, director of Capital Markets at Cushman & Wakefield Vietnam, higlighted that with investors targeting fast-moving consumer goods and growth industries like pharma, additional regulation, transparency, and alignment with international accounting standards will be needed.