Wednesday, 22 Nov 2017

Encouraging Japanese businesses to invest in Vietnam

Updated at Thursday, 16 Feb 2017, 11:06
The Hanoitimes - On February 15, at the headquarters of the Government, Prime Minister Nguyen Xuan Phuc hosted reception for Takashi Oyamada, Chief Executive Officer and President of The Bank of Tokyo-Mitsubishi UFJ (BTMU) in Hanoi.
PM Nguyen Xuan Phuc and Takashi Oyamada, CEO and President of The Bank of Tokyo-Mitsubishi UFJ (BTMU)
PM Nguyen Xuan Phuc and Takashi Oyamada, CEO and President of The Bank of Tokyo-Mitsubishi UFJ (BTMU)
At the reception, the PM made the statement that Vietnam is working hard to improve its business climate to attract more foreign investors, including those from Japan, said Prime Minister Nguyen Xuan Phuc.

Lauding sound cooperation between BTMU and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), particularly their organisation of investment promotion conferences, PM Phuc said Vietnam attaches importance to the supply of capital for its economy during the development progress.

He stressed that Vietnamese enterprises want to form partnerships with the Japanese peers to learn from their experience in management, production and business. 

He also noted with pleasure that most Japanese firms have witnessed good business results in Vietnam, adding Japan is now the second largest investor in Vietnam with a total investment capital of over 42 billion USD.

The PM expressed his wish that Japanese businesses will pay more attention to the Vietnamese market so as to make Japan the biggest investor in the Southeast Asian nation.

For his part, Takashi Oyamada informed his host that the long-term strategic partnership between his bank and Vietinbank has brought mutual benefits, contributing to the growth of Vietnam-Japan ties.

Through the cooperation, BTMU has learned about valuable experience from Vietinbank and the Vietnamese credit market, he stressed, adding that both sides will work closely to supply capital for business activities in Vietnam.

He said many Japanese firms want to invest and expand operations in Vietnam as they see the country as a strong economy and potential market.

At the meeting, Mr. Oyamada expressed his desire to soon welcome Prime Minister Nguyen Xuan Phuc in Japan in the near future to promote cooperation between enterprises of the two countries.

Agree with Mr.Oyamada's assessment, PM Phuc said Vietnam attaches great importance to the provision of capital and financance to the economy in the process of development, including collaboration between BTMU and Vietinbank; appreciating the two banks to organize investment promotion forums, creating more opportunities for business cooperation between the two countries. Noting the leadership of BTMU proposal, the Prime Minister said it would communicate the authorities of Vietnam for consideration and settlement according to regulations.
Translated by Tuan Minh
(Source: Ha My -
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