Bridge to help Japanese businesses invest more in Vietnam

NDO – On the morning of December 4, in Tokyo, opening the activities within the framework of his official visit to Japan, National Assembly Chairman Tran Thanh Man had a working breakfast with the two co-chairs of the Japan-Vietnam Economic Committee of the Japan Federation of Economic Organizations (Keidanren).

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National Assembly Chairman Tran Thanh Man welcomed the cooperation and valuable contributions of Keidanren as well as the role of the two Chairmen and leaders of Japanese corporations and enterprises in promoting relations between the two countries, serving as a bridge to help Japanese enterprises invest more in Vietnam.

The National Assembly Chairman said that the meeting and exchange with Japanese businesses today is the first important activity of the Delegation within the framework of this visit to Japan at the invitation of President of the Japanese Senate Sekiguchi Masakazu.

The visit aims to continue implementing Vietnam’s foreign policy, proactively and actively consolidating and promoting the ” Comprehensive Strategic Partnership for Peace and Prosperity in the region and the world ” Vietnam-Japan entering a new stage of development, more effective and substantive in all fields.

Attending the working breakfast were members of the high-ranking delegation of the Vietnamese National Assembly; Vietnamese Ambassador to Japan Pham Quang Hieu; leaders of Can Tho city and the provinces of Binh Duong, Thua Thien Hue…

In his opening remarks, Chairman of the Japan-Vietnam Economic Committee of Keidanren Fujimoto Masayoshi warmly welcomed and highly appreciated the official visit to Japan by National Assembly Chairman Tran Thanh Man and the high-ranking delegation of the Vietnamese National Assembly; sincerely thanked the National Assembly Chairman for taking the time to receive the delegation.

Mr. Fujimoto Masayoshi emphasized that over more than half a century, Japan and Vietnam have built friendly relations in many fields, including economy, diplomacy and security, culture, and personnel exchange, and 2023 marks an important milestone, the 50th anniversary of the establishment of Japan-Vietnam diplomatic relations.

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On the Japanese side, there were: Mr. Fujimoto Masayoshi and Mr. Ueno Shingo, co-chairs of the Japan-Vietnam Economic Committee of Keidanren; leaders of major Japanese corporations…

Japanese MP Soramoto Seiki gives a meaningful interview during the visit of Vietnamese National Assembly Chairman Tran Thanh Man to Japan. (Photo: Xuan Giao/VNA)

Japanese parliamentarian talks about National Assembly Chairman Tran Thanh Man’s visit

Most recently, last October, Japanese Prime Minister Ishiba Shigeru met with Prime Minister Pham Minh Chinh on the occasion of attending the 44th and 45th ASEAN Summits and related Summits held in Vientiane, Lao People’s Democratic Republic; met with President Luong Cuong on the occasion of attending the 2024 Asia-Pacific Economic Cooperation (APEC) Summit Week in Lima, Peru (November 2024); met with Prime Minister Pham Minh Chinh on the occasion of attending the G20 Summit in Brazil (November 2024)…

Expressing his delight at the vibrant cooperation between the two countries at various levels, Mr. Fujimoto Masayoshi affirmed that the Japanese business community will continue to contribute to the development of Japan-Vietnam relations in many areas, including trade, investment, infrastructure development and human resources, in order to further deepen economic cooperation between the two countries.

Mr. Fujimoto Masayoshi also stated that the Japan-Vietnam Joint Initiative, launched in 2003, is a long-term effort to build a foundation for economic cooperation between the two countries.

Japan and Vietnam as well as Keidanren have participated in this framework and through their efforts, Japanese enterprises have played an important role in promoting direct investment from Japan, creating jobs for workers, and actively contributing to the recovery and development of Vietnam’s economy.

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In particular, in March 2024, Japan and Vietnam agreed to launch the “Japan-Vietnam Joint Initiative in the New Era”. Based on this new initiative, Mr. Fujimoto Masayoshi said that Japanese businesses and economic organizations hope to soon see stable cooperation results in areas such as green development, digital, innovation and high-quality human resource development.

Japanese enterprises hope to receive support and assistance from the National Assembly, the Government of Vietnam and personally from National Assembly Chairman Tran Thanh Man.

At the meeting, the National Assembly Chairman believed that the meeting would achieve many practical results for businesses and localities of the two countries; hoped that businesses and localities of the two sides would take advantage of the opportunity, further enhance exchanges and cooperation in various fields, promote the strengths of each side, contribute to promoting the Vietnam-Japan economic relationship, and continue to be a bright spot in bilateral relations for mutual development in the coming time.

At the meeting, representatives of Japanese business leaders and members of the Vietnamese delegation exchanged and discussed strengthening cooperation towards the goal of carbon neutrality by 2050; expanding investment activities in Vietnam in areas such as transport infrastructure development, digital transformation, green transformation, semiconductor industry, training of high-quality human resources; ensuring electricity for production and business, etc.

Acknowledging and appreciating the opinions and proposals of Japanese enterprises, National Assembly Chairman Tran Thanh Man said that he will direct the National Assembly agencies to coordinate with the Government and relevant ministries and branches to study and absorb them to concretize them into mechanisms and policies to improve the investment environment, helping foreign enterprises, including Japanese enterprises, to increase stable and long-term investment in Vietnam.

The National Assembly Chairman stated that the delegation’s visit took place right after the 8th Session of the 15th National Assembly, which passed many important laws and resolutions related to investment and business activities, including the Investment Law (amended), “one law amending four laws” on investment, “one law amending nine laws” on finance and budget, etc., in order to complete a favorable legal corridor, improve the investment environment, and create favorable conditions for foreign investors, including Japanese enterprises.

In particular, with the Electricity Law (amended) passed by the National Assembly, the National Assembly Chairman believes that it will open up many opportunities for cooperation and investment in the electricity sector with domestic and foreign enterprises, including Japanese investors.

Stating that, in addition to the potential and strengths in developing hydropower and renewable energy, at the recent 8th Session, the Vietnamese National Assembly passed a resolution on restarting the Ninh Thuan nuclear power project, the National Assembly Chairman said that electricity is one of the first concerns of foreign investors when coming to Vietnam, including Japanese investors.

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The National Assembly Chairman also said that at the 8th Session, the Vietnamese National Assembly gave its opinion and approved the investment policy for the North-South high-speed railway project with a total investment of about 67 billion USD; expressed the desire to continue to cooperate and transfer Japanese transport technologies to synchronously develop the transport system to serve the people and develop the economy of Vietnam.

The National Assembly Chairman pointed out that Vietnam’s three current bottlenecks are institutions, infrastructure and human resources and is focusing on removing these bottlenecks, identifying institutions as “the bottleneck of bottlenecks”.

Affirming that the opinions and proposals of Japanese enterprises at the meeting were completely reasonable, the National Assembly Chairman emphasized that Vietnam has been focusing on revising, supplementing and promulgating new books, creating the premise and preparing all conditions to enter a new era, an era of national growth as General Secretary To Lam directed; believing that the Comprehensive Strategic Partnership will open up many new cooperation opportunities for both countries, including Vietnamese and Japanese enterprises.

* Next, within the framework of the visit, National Assembly Chairman Tran Thanh Man witnessed the ceremony of exchanging cooperation documents between localities and businesses of the two countries.

Also attending the ceremony was Chairman of the Japan-Vietnam Economic Committee of Keidanren Fujimoto Masayoshi.

At the ceremony, Chairman of the People’s Committee of Thua Thien Hue province Nguyen Van Phuong and Governor of Nara province Yamashita Makoto exchanged the Memorandum of Understanding on organizing the 14th East Asia Regional and Local Government Conference.

Chairman of Can Tho City People’s Committee Tran Viet Truong presented the Decision approving the investment policy to Hoa Lam Can Tho Investment and Development Joint Stock Company and acknowledged the investment proposal for Aeon Mall Vietnam Limited Liability Company.

Sovico Corporation and Marubeni Corporation signed a comprehensive cooperation agreement to jointly invest and develop in Vietnam in the fields of renewable energy, industrial parks, logistics and aviation services.

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