Governor of Kanagawa prefecture Kuroiwa Yuji at the event (Source: VNA) Tokyo (VNA) – Equitisation of State-ownedenterprises, public-private partnership (PPP) in infrastructure and start-upsin the fourth industrial revolution are expected to open up new opportunitiesfor Japanese firms in the Vietnamese market.
The opportunities were explored at the Vietnam – JapanInvestment Cooperation Forum held in Yokohama port city, the Japaneseprefecture of Kanagawa on September 7.
Speaking at the event, Governor of Kanagawa prefecture KuroiwaYuji said it was the fourth time the forum was held within the framework of theVietnam Festa in Kanagawa.
He said six Vietnamese firms invested in Kanagawa last yearwhile the prefecture has invested in four industrial parks in Vietnam, addingthat the annual forum will help reinforce Vietnam – Japan ties, and Vietnam –Kanagawa ties in particular.
Vietnamese Ambassador to Japan Nguyen Quoc Cuong, for hispart, said the investment and business environment in Vietnam is consideredfavourable, with the country’s GDP growth surpassing 7 percent in January-June,and predicted at 6.8 percent this year by the World Bank.
Vietnam and Japan have signed and promoted the enforcementof the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.Vietnam will also soon sign the EU-Vietnam Free Trade Agreement and is activelynegotiating the Regional Comprehensive Economic Partnership, he said.
Cuong added that the Vietnamese government is working tocreate a service-oriented environment which is conducive to growth.
Addressing the event, Deputy Minister of Planning andInvestment Vu Dai Thang highlighted advantages in doing business in Vietnamsuch as a huge market with nearly 100 million people, over 60 percent of themage below 35, competitive labour costs, political and economic stability, transparentlegal mechanism that gradually meetsinternational standards.
Vietnam already signed 12 free trade agreements, has been anactive member of ASEAN and APEC and has relations with many countries andregions, especially G7 and G20 member states, he said.
According to him, Vietnam is pitching for foreign investmentin SOEs equitisation, promoting PPP in traffic, sea and seaport infrastructure,developing a start-up ecological system linking with regional and globalmarkets.
Officials from Hung Yen, Long An and Ha Nam provinces alsotook the occasion to present their local strengths and incentives for foreigninvestors.-VNA
The opportunities were explored at the Vietnam – JapanInvestment Cooperation Forum held in Yokohama port city, the Japaneseprefecture of Kanagawa on September 7.
Speaking at the event, Governor of Kanagawa prefecture KuroiwaYuji said it was the fourth time the forum was held within the framework of theVietnam Festa in Kanagawa.
He said six Vietnamese firms invested in Kanagawa last yearwhile the prefecture has invested in four industrial parks in Vietnam, addingthat the annual forum will help reinforce Vietnam – Japan ties, and Vietnam –Kanagawa ties in particular.
Vietnamese Ambassador to Japan Nguyen Quoc Cuong, for hispart, said the investment and business environment in Vietnam is consideredfavourable, with the country’s GDP growth surpassing 7 percent in January-June,and predicted at 6.8 percent this year by the World Bank.
Vietnam and Japan have signed and promoted the enforcementof the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.Vietnam will also soon sign the EU-Vietnam Free Trade Agreement and is activelynegotiating the Regional Comprehensive Economic Partnership, he said.
Cuong added that the Vietnamese government is working tocreate a service-oriented environment which is conducive to growth.
Addressing the event, Deputy Minister of Planning andInvestment Vu Dai Thang highlighted advantages in doing business in Vietnamsuch as a huge market with nearly 100 million people, over 60 percent of themage below 35, competitive labour costs, political and economic stability, transparentlegal mechanism that gradually meetsinternational standards.
Vietnam already signed 12 free trade agreements, has been anactive member of ASEAN and APEC and has relations with many countries andregions, especially G7 and G20 member states, he said.
According to him, Vietnam is pitching for foreign investmentin SOEs equitisation, promoting PPP in traffic, sea and seaport infrastructure,developing a start-up ecological system linking with regional and globalmarkets.
Officials from Hung Yen, Long An and Ha Nam provinces alsotook the occasion to present their local strengths and incentives for foreigninvestors.-VNA
VNA
