Prime Minister Nguyen Xuan Phuc has made the suggestion while receiving CEO and President of Mitsubishi Corporation Takehiko Kakiuchi in Hanoi on March 26.

At the reception, the Vietnamese government leader asked Japan’s Mitsubishi Corporation to expand investment in infrastructure, airport transport, seaports and energy, particularly renewable energy in Vietnam, and applauded the strong development of the Vietnam-Japan extensive strategy partnership across a variety of fields with high mutual political trust.

Japan was a leading economic partner, the largest official development assistance (ODA) provider, the fourth biggest trade partner and No. 1 investor of Vietnam in 2017, Phuc told his guest while affirming Vietnam’s recognition of great importance to boosting economic cooperation with Japan and hailing Japanese investors’ contributions to the country’s socio-economic development. 

However, Phuc cited Japan’s still low level of foreign direct investment (FDI) in Vietnam accounting for just 3% of its total FDI in Asia, and lower than its investment in a number of Southeast Asian nations. 

The Vietnamese Government has revamped institutions and mechanisms to offer more favourable conditions for foreign investors, including those from Japan, the PM stressed.

Regarding investment and business activities of Mitsubishi in Vietnam, Phuc asked the corporation to take heed to manufacturing, automobile and food processing industries in the country. 

Takehiko Kakiuchi, in turn, lauded PM Phuc’s suggestions in line with his corporation’s future investment strategy in Vietnam, adding that the major cooperation achievements between Vietnam and Japan have provided more opportunities for Japanese firms, including Mitsubishi, to strengthen exchange, and expand cooperation and investment in the southeast Asian nation.

He also called on PM Phuc and relevant Vietnamese agencies to continue their support and facilitate the corporation’s investment and operation in the country.

Source: vov.vn