PM urges Japan’s Mitsubishi to expand investment in Vietnam
Prime Minister Nguyen Xuan Phuc has urged Japan’s Mitsubishi Corporation to expand investment in infrastructure, airport transport, seaports and energy, especially renewable energy, in Vietnam.
Prime Minister Nguyen Xuan Phuc (R) and CEO and President of Mitsubishi Corporation Takehiko Kakiuchi. (Source: VNA)
Hanoi (VNA) – Prime Minister NguyenXuan Phuc has urged Japan’s Mitsubishi Corporation to expand investment ininfrastructure, airport transport, seaports and energy, especially renewableenergy, in Vietnam.
The leader made the suggestion at a receptionfor CEO and President of Mitsubishi CorporationTakehiko Kakiuchi in Hanoi on March 26, during which hestressed that the Vietnam-Japan extensive strategy partnership has developedstrongly, comprehensively and practically across fields, with high mutual politicaltrust.
Japan was a leading economicpartner, the largest official development assistance (ODA) supplier, the fourthbiggest trade partner and No. 1 investor of Vietnam in 2017, he said.
The PM affirmed that Vietnamattaches great importance to economic cooperation with Japan, noting Japaneseinvestors’ prestige in Vietnam as well as their contributions to the country’ssocio-economic development.
However, he said, Japan’sforeign direct investment (FDI) in Vietnam makes up only 3 percent of its totalFDI in Asia, and lower than its investment in a number of Southeast Asiannations.
The Vietnamese Governmenthas completed institutions and mechanisms to create more favourable conditionsfor foreign investors, including those from Japan, the PM emphasised.
Applauding investment andbusiness activities of Mitsubishi in Vietnam, he suggested the corporation heedmanufacturing, automobile and food processing industries in the country.
He used the occasion to callon Vietnamese and Japanese businesses to increase exchange and cooperation inorder to utilise opportunities generated by the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) to which both Vietnam and Japan aremembers.
In reply, Takehiko Kakiuchi applaudedPM Phuc’s suggestions, saying they match his corporation’s investment strategyin Vietnam in the time to come.
He said the greatcooperation achievements between Vietnam and Japan have offered moreopportunities for Japanese firms, including Mitsubishi, to intensify exchange,and expand cooperation and investment in Vietnam.
He also called on PM Phucand competent Vietnamese agencies to continue their support and create the bestpossible conditions for the corporation to invest and operate in thecountry.-VNA
Vietnam’s improving investment climate has made the country become an alluring destination for Japanese investors who commit to furthering investment in the Southeast Asian nation in the future.
The Diamond Lotus Riverside Complex in District 8, Ho Chi Minh City will be built in accordance with green construction standards with 30 million USD in investment from the Japanese Mitsubishi Group.
Vietnam welcomes Mitsubishi Motors’ plan to build its second plant in the country, said Deputy Prime Minister Vuong Dinh Hue while receiving the group’s Executive Vice President Kozo Shiraji in Hanoi on January 15.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Prime Minister Nguyen Xuan Phuc (R) and CEO and President of Mitsubishi Corporation Takehiko Kakiuchi. (Source: VNA) 
