Vietnam Wants to Boost Trade, Investment Ties with Japan

4:17:54 PM | 8/14/2007

The Vietnamese government will try its utmost to make into details the contents of its strategic partnership with Japan in a hope that Japan would become the biggest investor and trade partner of Vietnam, said Prime Minister Nguyen Tan Dung during his talks with Chairman of the Japan-Vietnam Friendship Parliamentarians Union Takebe Tsutomo in Hanoi August 12.
 
Dung emphasized that the Vietnam-Japan strategic partnership is based on cultural and traditional similarities, politics, trade and investment common interests, and security and defense. Through cooperation with Vietnam, especially in the fields of trade and investment, would raise Japan’s role and prestige in the Southeast Asian region, he added.
 
The Vietnamese Prime Minister highly appreciated great contributions of the Japan-Vietnam Friendship Parliamentarians Union to the Vietnam-Japan friendship and the strategic partnership.
 
Dung suggested that Vietnam and Japan should actively and quickly carry out the Hoa Lac High-Tech Park, the North-South Express Highway and the Trans-National Express Railway.

He also thanked for the Japanese government’s help and assistance over the past time and hoped Japan to continue giving capital to Vietnam and training human resources for Vietnam to effectively implement their cooperative projects.
 
Takebe Tsutomo, who headed a delegation from the Japanese Congress to visit Vietnam, said at the meeting that the union has already set up a working team to accelerate the implementation of the three aforesaid projects.
 
He hoped Vietnam and Japan to speed up negotiations for an economic partnership agreement (EPA), and affirmed the union wants to boost friendship cooperation with Vietnam in despite of the failure of the Japanese ruling party in the recent election.
 
Vietnam and Japan may sign a bilateral free trade agreement (FTA) in November next year. They hope their bilateral trade would grow up to US$17 billion in 2010.
 
As of July 22 of this year Japan ranked fourth among countries and territories investing into Vietnam with total registered capital of US$8.4 billion for 850 projects, after South Korea, Singapore, and Taiwan. (New Hanoi, VIR)