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Vietnam vows to protect Japanese investors’ interests: PM

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.

Prime Minister Nguyen Xuan Phuc participates in the G20 Summit in Tokyo



He told the participants that Vietnam hasmaintained social stability and high economic growth over the past years, whichis an important factor for foreign investors to feel secured in runningbusiness and investment in the nation.

The country is also integrating intensivelyand extensively into the world economy, reflected through having relations with220 nations and territories. Notably, on June 30, it is set to sign a freetrade agreement (FTA) with the European Union. It has also inked FTAs with 15nations in the Group of Twenty (G20).

He went on to say that there are currently130 nations and territories investing in Vietnam with a total capital of 350billion USD, of which over 200 billion USD has been disbursed. Japan is one ofVietnam’s biggest investors with nearly 60 billion USD.

PM Phuc also affirmed that Vietnam isstriving for building an e-cabinet to serve as a foundation for digital economicdevelopment in Vietnam.

As Japan is a developed country withnumerous big investors in the IT sector, the Vietnamese Government always wantsto encourage the country’s enterprises, including those in this field, investmore in Vietnam, he stressed.

At the meeting, most leaders of Japanesetechnology firms such as Hitachi, Toshiba, Hanwa, Daikin, Fujitsu, Kajima andKansai Economy, which have invested in Vietnam for a long time, expressed theirhope to expand investment, business and production in the country.

They suggested Vietnam pay more attentionto human resources training to better serve socio-economic development in thetime ahead.

They hoped the Vietnamese Government tospeed up the granting of business licences to foreign investment, and be moreflexible in approving business plans, particularly in the IT sector as thebusiness climate in this field is changing rapidly.

Appreciating the proposals, PM Phuc saidthat Vietnam considers human resources training, especially in the IT sector,as an important task and is striving for more than 1 million high-qualitypersonnel working in the sector in the 2020-2025 period.

Vietnam hopes that Japanese universities,research institutes and IT firms will actively participate in IT humanresources training and teaching in the nation, he added.

On the same day, the Vietnamese Governmentleader received Koichi Miyata, Chairman of the Board of Directors of SumitomoMitsui Banking Corporation (SMBC) – a big Japanese investor in thefinance-banking sector in Vietnam.

Speaking highly of the corporation’sinvestment in Vietnam, he showed his belief that SMBC will contribute more toboosting Vietnam-Japan economic, trade and financial cooperation.-VNA

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