President Truong Tan Sang chairs a meeting with representatives of the Kansai Economic Federation (Kankeiren) in Osaka, Japan, March 19 / Photo courtesy of Vietnam News Agency
Vietnam will create favorable conditions for Japanese companies to invest in supporting industries in the country, President Truong Tan Sang has said.
Sang, who was on a four-day official visit to Japan, Wednesday met with representatives of the Kansai Economic Federation (Kankeiren) and business leaders of the Kansai region, home to Osaka, Japan’s leading industrial hub.
Shigetaka Sato, chairman of the Osaka Chamber of Commerce and Industry, urged Vietnam to ensure there is a business-friendly environment for small and medium-sized firms from foreign countries, including Japan.
He wished there would be more flights between Vietnam and Osaka as well as other Japanese regions to boost trade and other exchanges, including tourism.
Toru Yoshioka, managing director of Hitachi Shipbuilding Corporation, said the company is investing in some projects in Dong Nai Province with loans from the Japan International Cooperation Agency in the form of a public-private partnership (PPP).
He wanted Vietnam to soon put regulations in place for PPP.
Minister of Planning and Investment Bui Quang Vinh said Vietnam is scheduled to issue a new decree on PPP by the end of the second quarter.
Takashi Tsuji, chairman of Konoike Transport Co., Ltd. called on Vietnam to make administrative procedures transparent and investment policies stable.
Sang reiterated that Vietnam is willing to create favorable conditions in terms of procedures, policies, and incentives for Vietnamese and Japanese firms to invest in supporting industries in Vietnam.
He said there should be regular dialogue between Japanese investors and the Vietnamese government in future.
Sang left for Hanoi later the same day.
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