Japanese firms, big and small, keen on Vietnam business: JCCI


HÀ NỘI — Political stability, high growth and a quality workforce in Viet Nam are key reasons extending the Japanese investment wave from big corporations to small firms, a Japan Chamber of Commerce and Industry (JCCI) official said yesterday.

Yoichi Kobayashi, Chairman of JCCI’s Japan-Mekong Economic Cooperation Committee, was speaking at reception hosted in Ha Noi by Prime Minister Nguyễn Xuân Phúc.

Kobayashi is heading a delegation of Japanese businesses visiting Việt Nam to explore investment and business opportunities.

The fact that more than 1,600 Japanese firms had invested in Việt Nam indicated the importance they attach to doing business here, he said.

Welcoming the delegation, PM Phúc suggested that the JCCI continues to support Japanese investment in Việt Nam, particularly in such sectors as electricity, agricultural machinery, agricultural and seafood processing, shipbuilding and environmental protection.

He lauded the growing co-operation between the JCCI and relevant ministries and agencies of Việt Nam over the past years. Japan is at present the biggest official development assistance (ODA) provider for Việt Nam and ranks second among foreign investors with more than 3,000 projects worth US$42 billion.

He assured the delegation that the Vietnamese Government would act on the proposals made by Japanese businesses, directing authorised agencies to deal with issues relating to tax, customs procedures, distribution and import of used machines.

Source: Vietnam News

Photo: VGP