Tokyo (VNA) - Prime Minister Nguyen Xuan Phuc hadmeetings with representatives from leading infrastructure and financialenterprises of Japan on October 9 as part of his activities on the sidelines ofthe 10th Mekong-Japan Summit in Tokyo.

At the talk on investment in real estate and infrastructure development inVietnam, PM Phuc highly valued Japan’s urban planning and construction, and applaudedJapanese firms’ investment in real estate and infrastructure development inVietnam.

The Vietnamese Government will create the most favourableconditions for Japanese companies, including issuing regulations on investment in the form ofpublic-private partnership and devise easier financial credit policies forinvestors in the field, he said.

PM Phuc suggested Japanese firms give priority to both investing in real estateand developing infrastructure, especially building social houses for workersand poor people, and modern and smart urban areas.

He also called Japanese enterprises to do well the planning work to optimallyuse the land fund, as well as advance technologies and materials forhigh-quality infrastructure projects.

For their part, Japanese real estate firms said that Vietnam’s market iswitnessing a boom, expressing their desire to increase their investment in thisfield.

Theyshowed their interest in projects that use the newest knowledge in order tosupport Vietnam in building master plans, expanding urban areas and large-scalesupermarkets in localities, and promoting transport connection and building socialhousing for low-income earners.

They also proposed policies to create more open investment environment for enterprisesto invest in Vietnam.

During the working session with representatives from Japan’s major financialfirms, PM Phuc affirmed that the Vietnamese Government consistently promoteseconomic integration and linkage and devises strong policies to create the bestand equal conditions for businesses.

He called on Japanese firms to become strategic partners in Vietnam’s process of restructuring State-ownedenterprises; building enterprises with global competitiveness; participating intransport infrastructure development and new energy projects and in reformingand modernizing the banking and financial system of Vietnam.

The Government ofVietnam encourages investors to purchase weak banks, thus developing those into100-percent foreign-owned banks, he noted.

Representatives of the Japanese financial firms said they are impressed by Vietnam'sachievements in economic growth in 2018, especially macroeconomic stability,and spoke highly of the Government's strong governance and reforms in terms ofinstitutions, mechanisms and reduction of administrative procedures.

They also voiced theirconcerns about the equitization of State-owned enterprises and infrastructuredevelopment plans, specific investment priorities in the field ofinnovation.-VNA