Vietnam facilitates Japanese firms’ operations in Vietnam: PM
The Government and competent agencies of Vietnam pledge to create favourable conditions and business environment for Japanese enterprises to do business in Vietnam, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc (R) and Yanai Tadashi, Chairman and CEO of Fast Retailing (Source: VNA)
Hanoi (VNA) - The Government and competent agencies of Vietnam pledge to createfavourable conditions and business environment for Japanese enterprises to dobusiness in Vietnam, Prime Minister Nguyen Xuan Phuc has said.
The PM made the statement during his reception for Yanai Tadashi, Chairman and CEOof the Japanese group Fast Retailing in Hanoi on July 18, during which heaffirmed Japan is one of Vietnam’s leading economic partners.
He praised business and investment activities of Fast Retailing in Vietnam,saying that with its population of over 96 million, Vietnam is a potentialmarket for Japanese textiles and garment products.
Operation of Japanese firms in Vietnam will contribute to strengtheningstrategic partnership between the two countries, he added.
For his part, Yanai Tadashi said his firm will develop a retail system inVietnam in the coming time, along with its apparel products.
Since last November, Fast Retailing has provided training programmes forVietnamese students in Japan and Southeast Asian nations, so as make them representativesof Fast Retailing not only in Vietnam but also other countries worldwide.
He suggested the Vietnamese Government direct competent agencies to grantconstruction and retail licenses to the group, enabling it to expand investmentand business activities in Vietnam.
Prime Minister Phuc assigned the Ministry of Planning and Investment, relevantministries and sectors to deal with the group’s proposal.-VNA
The trade relations between Vietnam and Japan have been growing since the establishment of bilateral strategic partnership in 2009, then elevated to comprehensive strategic partnership in 2014.
The Vietnamese Government commits to protecting Japanese investors’ interests during their business process in the country, Prime Minister Nguyen Xuan Phuc affirmed while meeting with leaders of nearly 30 Japanese technology firms in Tokyo on June 28 (local time).
Vietnam’s Ministry of Labour, Invalids and Social Affairs (MOLISA) and four Japanese agencies on July 1 signed a memorandum of cooperation (MoC) on sending specific skilled workers of Vietnam to work in Japan.
A memorandum of understanding (MoU) on cooperation in researching in the field of liquefied natural gas (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.
Prime Minister Nguyen Xuan Phuc has called on Japanese localities to further promote trade economic, trade and tourism cooperation with Vietnam, especially in agriculture, support industry, information technology, and tourism.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.