Tokyo (VNA) – Prime Minister Nguyen Xuan Phuc met representatives of manymajor Japanese enterprises in Tokyo on June 5, part ofhis official visit to Japan.

The Japanese business representativesappreciated Vietnam’s development potential in various spheres, noting withsatisfaction the thriving extensive strategic partnership between the twocountries.

An executive of J-Power introduced the group’sstrength and capacity with modern and environmentally friendly technologies, andsaid they want to continue investing in coal electricity in Vietnam.

Leaders of Capital Partners Securities and DaiwaSecurities noted they have carried out a number of projects in securities andfinance along with cultural exchanges in Vietnam. They hoped the meeting wouldcreate favourable precrequisites for their investment and cooperationactivities with the country in the time ahead.

The Japanese entrepreneurs also voiced theirhope that PM Phuc will continue facilitating their firms’ production andbusiness activities in Vietnam.

At the meeting, Minister of Industry and TradeTran Tuan Anh applauded J-Power’s intention to expand investment in energy,adding that coal power is important to Vietnam at present since other energysources are nearing the limit level while renewable energy is just in theinitial stage in the country.

He noted the Vietnamese Government’s specialattention to environmental protection in the development of coal power. 

Speaking at theworking session, PM Phuc said it is a good time now for Japanese enterprises toinvest in Vietnam as the two countries have reached high-level agreements onboosting cooperation.

He described Japanas the top supplier of official development assistance, the third largestsource of tourist arrivals and the fourth largest trade partner of Vietnam, andbilateral cooperative potential remains huge.

Vietnam isstriving for rapid and sustainable development so that demand for energy andfinance for economic growth is extremely high, he said, adding that theVietnamese government is pursuing the goal of a transparent and constructiveCabinet which best serves investors.

The PM affirmed tothe Japanese business circle that Vietnam considers the private sector andforeign direct investment important resources for country development.

He asked Japanesefirms to work closely with the Vietnamese ministries of Planning andInvestment, and Industry and Trade to accelerate projects in Vietnam,particularly those regarding infrastructure and power energy for production andconsumption.

Urging Japaneseinvestors to engage in equitisation of State-owned enterprises in Vietnam, theleader said the government is carrying out the policy to reduce State controland withdraw capital from many areas, including energy, finance and banking,which open ups many opportunities for Japanese investors.

PM Phuc alsoexpressed hope to promote cultural cooperation between the two countries.

Later, the PMhosted receptions for Yuji Nakamine, member of the board of directors andGeneral Director for Asia, Europe, Pacific, the Middle East and Africa ofMazda, and President and CEO of Route Inn Katsutoshi Nagayama.-VNA