PM expects Japanese, Korean business expansion in Vietnam

Vietnam wants Japanese and Osaka firms to expand operations in the country, especially in farm produce processing and consumption, support industry, health care and technological transfer, said Prime Minister Nguyen Xuan Phuc. 
At the reception with Japanese guests (Source: VNA)
At the reception with Japanese guests (Source: VNA)

During a reception in Hanoi on November 23 for President of the Osaka Chamber of Commerce and Industry Hiroshi Ozaki, 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 ministries, agencies and localities to offer all possible support to Japanese businesses in any field of their demand and in any locality. 

The host suggested that the Osaka Chamber of Commerce and Industry work 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 equitisation of State-owned enterprises in the country.

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

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

He suggested 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, 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 to adapt with the industrial revolution 4.0 as well as improve workforce quality.

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