Phuc talked about this at an investment promotion forum held in Tokyo as part of his official visit to Japan from June 4 to June 8, which drew the participation of 1,600 firms, including 200 from Vietnam.

Phuc and his spouse meet with Japanese Emperor Akihito and Empress Michiko. Photo: Thong Nhat /VNA

In addition, PM Phuc also co-chaired four seminars with over 100 leading Japanese business organisations and firms in Tokyo and Kansai.

 

Japanese PM Shinzo Abe welcomes PM Phuc on June 6 in Tokyo, Japan. Photo: Thong Nhat /VNA

Japanese PM Shinzo Abe holds talks with PM Phuc. Photo: Thong Nhat /VNA

Nguyen Xuan Phuc and Shinzo Abe witness the handing over of contracts, investment licences and agreements worth
22 billion US dollars between Vietnamese ministries, agencies, localities and businesses with Japanese firms at an
investment promotion conference in Tokyo, Japan. Photo: Thong Nhat /VNA
 

According to JETRO’s recent report on the Vietnamese investment environment, 90% of Japanese enterprises had plans to expand their businesses in Viet Nam. The report also showed that Viet Nam’s business risk index was dropping, showing signs of improved investment. When talking with Japanese businesses, PM Nguyen Xuan Phuc stressed: “It is a golden opportunity” for Japanese businesses to invest in Vietnam.
On this occasion, Prime Minister Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe witnessed the handing over of contracts, investment licences, and agreements worth 22 billion US dollars among ministries, agencies, localities, and businesses of both countries.

 

 

Vietnam treasures the practical and trustworthy partnership with Japan, considering it a priority in the country’s
foreign relations policy, stated Prime Minister Nguyen Xuan Phuc at a meeting with Tadamori Oshima, Speaker of
the House of Representatives of Japan, in Tokyo. Photo: Thong Nhat /VNA 

At the meeting with President of the Japanese House of Councillors Date Chuichi in Tokyo, Phúc said Vietnam treasures
and effectively uses official development assistance (ODA) provided by Japan. Photo: Thong Nhat /VNA 

PM Nguyen Xuan Phuc receives Chairman of the Committee on Security Tsuyoshi Yamaguchi. Photo: Thong Nhat /VNA

Prime Ministers of Vietnam and Japan Nguyen Xuan Phuc and Shinzo Abe have reaffirmed their determination to foster the Vietnam-Japan relationship in a comprehensive and extensive manner, especially in the field of economics and investment, as follows:

Both leaders shared the intention to promote their bilateral trade cooperation, striving to realize the goal of doubling two-way trade and investment in 2020 from the current 30 billion US dollars.

The Japanese side confirmed its support for Vietnam in implementing plans of the six selected industries in Vietnam's Industrialization Strategy as outlined in the Vietnam-Japan Cooperation Framework until 2020. They also want to organise a working group for the effective implementation of the Strategy and that Japan would consider training engineers for the six industries in the Industrialization Strategy, especially in the automobile and supporting industry.

Japan pledged to continue its ODA for Vietnam with priority given to reform, infrastructure construction, personnel training and climate change response.
They also reached agreement on speeding up major infrastructure projects like the North-South Highway, Hoa Lac High-Tech Park and an urban railway network in Hanoi.
The fourth high-level dialogue on agriculture will be held this year and procedures to sell Vietnamese fruit to Japan and to have Japanese oranges and tangerines sold in Vietnam would be accelerated, the two leaders said. Abe said Japan will support Vietnam’s maritime law by providing new patrol ships and training.

PM Nguyen Xuan Phuc meets with JETRO’s chairman Hiroyuki Ishige.  Photo: Thong Nhat /VNA

PM Nguyen Xuan Phuc meets with JICA’s chairman Kitaoka Shinichi. Photo: Thong Nhat /VNA
PM Nguyen Xuan Phuc meets with Canon’s president Mitarai Fujio. Photo: Thong Nhat /VNA


PM Nguyen Xuan Phuc meets with Mitsubishi’s president Ken Kobayashi. Photo: Thong Nhat /VNA
PM Nguyen Xuan Phuc meets with Route Inn’s president Nagayama Katsutoshi. Photo: Thong Nhat /VNA
PM Nguyen Xuan Phuc meets with Japanese IT companies. Photo: Thong Nhat /VNA

 

The fourth high-level dialogue on agriculture will be held this year and procedures to sell Vietnamese fruit to Japan and to have Japanese oranges and tangerines sold in Vietnam would be accelerated, the two leaders said. Abe said Japan will support Vietnam’s maritime law by providing new patrol ships and training.
 

By VNA/VNP