Vietnamese Government Continues to Supports Japan's Businesses

Meiko Electronics Vietnam Co., Ltd. Photo: VGP

At the invitation of Japanese Prime Minister Fumio Kishida, Prime Minister Pham Minh Chinh will lead a high-ranking Vietnamese delegation to attend the expanded G7 Summit and work in Japan from May 19 to 21, 2023.

Assessing this event, Japanese businesses in Vietnam said that the working visit of Prime Minister Pham Minh Chinh to Japan will continue to promote the partnership between Vietnam and Japan, enhancing substantive cooperation between the two countries.

From there, the two countries can come up with appropriate cooperation policies in the coming time, creating an open investment environment. They help businesses of the two countries feel secure to stabilize production and contribute to the development of the two economies.

Representative of Canon Vietnam Co., Ltd - a member of Canon Group assessed that 2023 is the year Vietnam and Japan celebrate 50 years of diplomatic relations. This shows the long-term and strong relationship between the two countries.

Thanks to the similarity in culture between the two countries, Vietnam attracted many Japanese FDI enterprises, which led to effective satellite businesses, creating jobs for workers and contributing to the development of Vietnam's economy.

The representative of Canon Vietnam Co., Ltd. said that thanks to the support of the Government of Vietnam, departments and agencies of Hanoi, the enterprise maintains stable production activities, creating jobs for more than 22,000 employees of 3 factories.

Ida Shuji, Meiko Electronics Vietnam Co., Ltd. said that the working visit of Prime Minister Pham Minh Chinh to Japan will be of great significance to further promote the strong cooperation between the two countries.

Ida Shuji said that the Japanese Government has made investments in many fields in Vietnam through ODA and FDI projects. In contrast, the largest number of foreigners living and working in Japan today are Vietnamese.

In a country with a decreasing population like Japan, the Vietnamese labor force plays a huge and important role in the Japanese economy. Therefore, Ida Shuji hopes that the bilateral cooperation between Vietnam and Japan will further develop.

Vietnam continues to be the leading investment destination of Japanese enterprises

General Director of Aeon Mall Vietnam Co., Ltd. Nakagawa Tetsuyuki assessed that the friendship and economic cooperation between Vietnam and Japan are developing.

According to Nakagawa Tetsuyuki, Vietnam has abundant young human resources and a fast growing economy. Therefore, many Japanese enterprises are interested in investing in Vietnam.

General Director of Aeon Mall Vietnam Co., Ltd. Nakagawa Tetsuyuki. Photo: VGP

Nakagawa Tetsuyuki said that Aeon Mall Vietnam is currently operating 6 shopping centers in Vietnam and is expected to open Aeon Mall Hue - the 7th mall by the end of 2024.

The company identifies Vietnam as a key market in Southeast Asia. Aeon Mall Vietnam will continue to invest in the Central region. Therefore, the attention and support from the Government and localities of Vietnam will contribute to speeding up the progress of Aeon Mall Vietnam's investment projects.

For Tamron Optical Vietnam Co., Ltd., Vietnam continues to be the leading investment destination for Japanese businesses. Currently, many foreign enterprises are operating effectively in Vietnam.

A representative of Tamron Optical Vietnam said that Japan is currently the leading economic partner of Vietnam, in terms of ODA, investment, tourism and trade.

In the context that both countries are on the path of economic recovery to overcome the negative effects of the Covid-19 pandemic, the working visit of Vietnamese Prime Minister Pham Minh Chinh will contribute to promoting the fields of essential cooperation, in line with the needs and capabilities of the two countries Vietnam-Japan," said the representative of Tamron Optical Vietnam.

According to the representative of Tamron Optical Vietnam, Japanese businesses expect that after this visit of the Vietnamese Prime Minister, the two sides will create the most favorable conditions for Japanese businesses investing in Vietnam.

They also promote and revive the economies of the two countries, creating good benefits for the workers who are working in these enterprises.

The Vietnamese government always accompanies the Japanese business community in the process of investing and doing business in Vietnam, contributing to socio-economic development and deepening the good relationship between Vietnam and Japan.

In particular, the visit and working visit of the Prime Minister of Vietnam to Japan will be of great significance, helping to strengthen trust, tighten friendship, and enhance mutual understanding between the two peoples.

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