PM pledges favorable conditions for Japanese investors

Prime Minister Nguyen Xuan Phuc said the Vietnamese government sectors, and localities will create the best possible conditions for Japanese investors.

While meeting with representatives of 60 Japanese IT companies in Tokyo on Tuesday, the Prime Minister informed them of Vietnam's attractive business environment, pointing out that Moody's Investors Service has changed its outlook on Vietnam from 'stable' to 'positive.' Mr. Phuc said that in the context of the 4th industrial revolution, Vietnam is shifting its growth momentum to advanced technology, high-quality workforce, and high economic value. The Prime Minister called on Japanese investors to invest in high-tech, environment-friendly, and human resource development projects, prioritizing electronics, agricultural machinery, agriculture, forestry, fishery processing, ship building, energy conservation, and automobile and spare part manufacturing. Prime Minister Nguyen XuanPhuc acknowledged Japanese business proposals: Some enterprises have showed concern about land use rights which are stipulated in Vietnamese Constitution and Land Law. Land rental duration is 50 years or more if demanded. We acknowledged a proposal to let research institutions, including Vietnam-Japan University, get involved in training managers. Vietnam's logistics sector is developing. The government is considering allowing foreign investment to contribute more than 49 percent of the total capital.

The Prime Minister welcomed Japanese enterprises to join activities of APEC Year 2017 in Vietnam.

Source: VOV5