(VNA - 05/07/2012) - Deputy Prime Minister Nguyen Xuan Phuc has said the Vietnamese Government always creates the best possible conditions for Japanese investors.
Phuc made the statement during talks with Hiromasa Yonekura, Chairman of Japan Business Association, ‘Nippon Keidanren’ in Tokyo on July 5.
At their meeting, Phuc said that given the existing global economic slowdown, the Vietnamese Government is determined to restructure its economic, financial and monetary systems and enhance its legal system.
In the mid and long-terms, Viet Nam will focus on effective economic management, giving priority to human resources training and infrastructure development. The country is also working out an industrial development strategy from now until 2020 as well as paying attention to the public-private-partnership model, said Phuc.
He went on to say that two-way trade hit 21 billion USD last year and is projected to rise to 25 billion USD this year, adding that this figure has yet to match both countries’ potential for cooperation.
Phuc also suggested that Nippon Keidanren encourages Japanese firms to invest in Viet Nam and takes part in activities marking the 2013 Viet Nam – Japan Friendship Year, which coincides with the 40 th anniversary of the two countries’ diplomatic ties.
Chairman Yonekura said he is keen to contribute to Viet Nam’s industrialisation and modernisation process by stepping up cooperation between Japanese and Vietnamese businesses.
He also informed his guest of the visit made by President Truong Tan Sang in March, during which both parties agreed to increase cooperation in infrastructure development and mining.
Yonekura said he hopes that with this visit, Japanese businesses will gain a better insight into Vietnam ’s demand for economic development cooperation.
Later the same day, Phuc left Tokyo, concluding his visit to Japan.