Vietnam, Japan enhance economic and trade links
Tuesday, June 6,2017AsemconnectVietnam - Prime Minister Nguyen Xuan Phuc and his Japanese counterpart Shinzo Abe on June 5 attended the Vietnam Investment Promotion Conference in Tokyo, the largest of its kind with the participation of 1,600 delegates, including 200 Vietnamese business people.
Japan is Vietnam’s second largest investor. In 2016, two-way trade reached US$29.7 billion. At present, Japanese investment projects valued at US$42 billion are still valid in Vietnam, accounting for 15% of total foreign investment in the southeast Asian nation.
The PM also invited Japanese investors to engage in M&A activities in combination with the equitisation of State-owned enterprises in such areas as transport, infrastructure, food, foodstuff, agriculture, trade, tourism and construction.
“Vietnam pledges to provide the best possible business climate, looking towards standards of the Organisation for Economic Cooperation and Development (OECD); reduce transaction costs; curb corruption; ease challenges regarding macro environment and policies; improve forecast capacity and practise transparency and accountability with the business community,” he stated.
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