Japanese investors have shown higher confidence in the Vietnamese investment climate (Source: VNA) Hanoi (VNA) – Do Nhat Hoang, head of the ForeignInvestment Agency under the Ministry of Planning and Investment, has underlinedthe need for Vietnam to further improve its investment environment in order toattract more Japanese businesses.
Speaking at the second mid-term review of the sixth phase ofthe Japan-Vietnam Joint Initiative in Hanoi on August 2, Hoang said investmentand trade ties between the two countries have developed practically, addingthat Japanese investors have shown higher confidence in the Vietnamese investmentclimate.
The official noted that Vietnam and Japan inked cooperationagreements worth up to 22 billion USD during Prime Minister Nguyen Xuan Phuc’svisit to Japan last June.
Nagai Katsuro from the Japanese Embassy in Vietnamhighlighted close cooperation between the two countries over the past time.
He said Japan wishes to work with Vietnam to address issuesregarding Vietnam’s investment climate, which, he said, is expected to beimproved through the Joint Initiative.
During the meeting, the two sides agreed to put forthmeasures and process of identifying the minimum wage.
Apart from labour and salary matters, they also focused onlogistics and transportation services, support to small and medium-sizedenterprises and regulations imposed on foreign investors as prescribed in theInvestment Law, the Enterprise Law, the Land Law and other laws related toinvestment and business.
The Joint Initiative, launched in April 2003 as a result ofspecial cooperation between the two Governments, aims to create an open andtransparent business and investment climate in Vietnam through a policydialogue between Japanese investors and concerned Vietnamese ministries andagencies.-VNA
Speaking at the second mid-term review of the sixth phase ofthe Japan-Vietnam Joint Initiative in Hanoi on August 2, Hoang said investmentand trade ties between the two countries have developed practically, addingthat Japanese investors have shown higher confidence in the Vietnamese investmentclimate.
The official noted that Vietnam and Japan inked cooperationagreements worth up to 22 billion USD during Prime Minister Nguyen Xuan Phuc’svisit to Japan last June.
Nagai Katsuro from the Japanese Embassy in Vietnamhighlighted close cooperation between the two countries over the past time.
He said Japan wishes to work with Vietnam to address issuesregarding Vietnam’s investment climate, which, he said, is expected to beimproved through the Joint Initiative.
During the meeting, the two sides agreed to put forthmeasures and process of identifying the minimum wage.
Apart from labour and salary matters, they also focused onlogistics and transportation services, support to small and medium-sizedenterprises and regulations imposed on foreign investors as prescribed in theInvestment Law, the Enterprise Law, the Land Law and other laws related toinvestment and business.
The Joint Initiative, launched in April 2003 as a result ofspecial cooperation between the two Governments, aims to create an open andtransparent business and investment climate in Vietnam through a policydialogue between Japanese investors and concerned Vietnamese ministries andagencies.-VNA
VNA
