More Japanese Business Missions to Visit Vietnam
A delegation from the Federation of Japanese Economic Group led by its chairman Okuda Hiroshi will pay a visit to Vietnam from Feb. 27 to March 3 at the invitation of Prime Minister Phan Van Khai, according to the Japanese Embassy in Hanoi.
They will pay courtesy calls on the Communist Party leader Nong Duc Manh, President Tran Duc Luong and Prime Minister Khai, and hold a dialogue with the Planning and Investment Minister Vo Hong Phuc and visit Japanese industrial zones and companies in Hanoi and Ho Chi Minh City.
Vietnam-Japan economic, trade and investment cooperation has been gradually enhanced since the signing of a Bilateral Investment Treaty in 2003. The two countries will shortly sign a bilateral Economic Partnership Agreement and expect to reach a free trade agreement in the near future.
Small and medium Japanese investors are now considering Vietnam as the world’s second most attractive destination for investment following China. In the first two months of this year, Japan became the second biggest foreign investor in Vietnam with 35 projects capitalized at US$279.7 million, after South Korea.
Recently, many Japanese business delegations came to Vietnam to seek investment and trade opportunities, including a delegation from Japan’s Fukuoka province, which arrived in Hanoi and expressed their hopes to invest in the city’s information technology, banking and finance sectors.
According to the Vietnamese Ministry of Planning and Investment, Japanese investors hope Vietnam further invests in building and upgrading infrastructure, especially transport and seaport infrastructure, facilitating customs procedures, and developing supporting industries. A delegation of the ministry led by Deputy Minister Nguyen Bich Dat has just attended three workshops held in Tokyo on investment into Vietnam.
Young People
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