PM expects Japanese, Korean business expansion in Vietnam

Thursday, 2017-11-23 14:58:58
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At the reception with Japanese guests (Source: VNA)
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NDO/VNA – Vietnam wants Japanese and Osaka firms to expand their operations in the country, especially in farm produce processing and consumption, the support industry, health care and technological transfer, said Prime Minister Nguyen Xuan Phuc.

During a reception for President of the Osaka Chamber of Commerce and Industry Hiroshi Ozaki, in Hanoi on November 23, the PM described Japan as Vietnam’s leading economic partner, the largest supplier of official development assistance, the second largest investor and the fourth largest trade partner.

He pledged to direct all ministries, agencies and localities to offer all possible support to Japanese businesses in any field of their demand and all localities.

The host suggested that the Osaka Chamber of Commerce and Industry works closely with the Vietnam Chamber of Commerce and Industry to further promote business partnership in localities, adding that Vietnam encourages Japanese and Osaka enterprises to become strategic shareholders that actively join the equitisation of State-owned enterprises in the country.

Ozaki, for his part, said that Osaka firms want to seek opportunities in advanced and eco-friendly technology, urban development and energy and are willing to partner with Vietnam in its fields of strength, such as the exploitation and processing of aquatic products, health care and tourism.

Receiving the Chairman of SK Group of the Republic of Korea Chey Tae-won on the same day, Phuc hailed the group for joining in the equitisation of the State-owned enterprises in Vietnam and committed to providing all possible support during the process.

He suggested that SK Group join a joint investment fund to support small and medium-sized enterprises in Vietnam, especially start-ups.

The PM wished that SK Group would continue assisting Vietnam in human resources development, the semi-conductor industry and key infrastructure construction.

Chey, in reply, wished to extend investment in Vietnam, adding that SK Group is strong in green and eco-friendly industry.

He proposed that Vietnam should build a strong data platform in order to adapt with the industrial revolution 4.0, as well as to improve workforce quality.