Hanoi (VNA) – An online conference wasjointly organised in Hanoi on July 9 by the Ministry of Planning and Investment(MoPI), the Japanese Embassy in Vietnam, the JapanExternal Trade Organisation (JETRO) and the Japan Bank for InternationalCooperation (JBIC) to promote Japanese investment flows into Vietnam.

The conference saw the participation of more than1,000 Japanese enterprises in Japan and around the world.

Addressing the event, Vietnamese Deputy Minister of Planning and Investment VuDai Thang said the conference provided the latest information on Vietnam'sbusiness and investment environment in the context that Vietnam hassuccessfully controlled the COVID-19 pandemic and issued new policies,including the Law on Investment (revised), the Law on Enterprises (revised),and the Public-Private Partnership (PPP) Law.

The Vietnamese National Assembly recently has approved the European Union -VietnamFree Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement(EVIPA), he noted.  

Director of the MoPI’s Foreign Investment Agency Do Nhat Hoang said Vietnam has a stable politicalsituation, high economic growth, abundant human resources, potential market,and increasing per capital income.

Vietnam has also expanded international integration and cooperation with othereconomies worldwide, he stressed, adding that the Southeast Asian country has astrategic position as it takes only 3-5 hours to fly from Vietnam to Japan,Thailand, India and China – the key investment hubs in Asia.

Vietnam also has preferential policies to attract foreign investment, withpriority given to new technology, environmentally-friendly and high value projects,Hoang said.

Aguin Toru, Chief Representative of JBIC’s Hanoi Office, said the bankconsiders Vietnam as a key area, and an important partner of Japan in manyfields such as infrastructure, production and resources.

Meanwhile, Envoy Okabe Daisuke from the Japanese Embassyin Vietnam said Japanese investors are now very interestedin Vietnam.

According to a survey on Japanese enterprises in Asia and Oceania conducted byJETRO in February 2020, 63.9 percent of asked Japanese businesses that are doingbusiness in Vietnam said they will continue to expand business activities in theSoutheast Asian nation, he noted.

Okabe said in order to attract more investment, Vietnam needs to speed up the disbursementof capital for public investment projects, ensure transparency, fairness, andeffectiveness in implementing policies, and further foster internationalintegration./.