PM hosts Japanese businesses, Bulgaria minister

Prime Minister Nguyen Xuan Phuc hosted a delegation of Japanese businesses led by Yoichi Kobayashi, Chairman of the Mekong-Japan Business Cooperation Committee from the Japan Chamber of Commerce and Industry (JCCI) in Hanoi on October 18.

  • Party leader hosts outgoing Japanese Ambassador
  • PM approve projects with Japanese and Korean finance
  • PM greets Japanese Ambassador, expert

The PM said Vietnam is refining a number of policies on opening the economy, and has joined new-generation bilateral and multilateral agreements, including the Trans-Pacific Partnership to which Japan is a member. 

The host pledged to direct agencies to deal with issues regarding taxation, customs, retail, distribution and import of secondhand machines as proposed by the Japanese side. 

PM Nguyen Xuan Phuc (R) and JCCI Chairman Yoichi Kobayashi.
PM Nguyen Xuan Phuc (R) and JCCI Chairman Yoichi Kobayashi. 

He asked the JCCI to work closely with Vietnamese agencies to launch an action plan to promote priority industries set in the Vietnam-Japan industrialisation strategy, and well perform the sixth and next stages of the joint initiatives. 

The JCCI was also urged to continue supporting Japanese small and medium-sized enterprises investing in Vietnam, especially in the priority fields of electricity, electronics, agricultural machines, agro-fisheries processing, shipbuilding, environment, and automobile manufacturing. 

Kobayashi, for his part, said the visiting firms want to learn about business opportunities in trade, services, aviation in Vietnam. 

He told the host that during the visit, the Mekong-Japan Business Cooperation Committee suggested a number of ideas to improve business climate in Vietnam as well as asked for clearing difficulties met by Japanese investors. 

The guest described the establishment of Vietnam-Japan University in Hanoi as a step to boost workforce training cooperation with Vietnam, especially in industry.

Japan is currently the largest supplier of official development assistance to Vietnam and the second largest investor in the country with more than 3,000 projects worth US$42 billion. 

In the day, the PM also received visiting Bulgaria Economic Minister Bojidar Loukarsky, during which he expressed his hope that the two countries will step up economic cooperation, trade and services transactions and investments.

PM Nguyen Xuan Phuc receives Bulgaria Economic Minister Bojidar Loukarsky.
PM Nguyen Xuan Phuc receives Bulgaria Economic Minister Bojidar Loukarsky.

The Vietnamese Government supports Bulgaria businesses’ long-term operation in Vietnam, he noted.

Minister Bojidar Loukarsky told his host that economic ties between Bulgaria and Vietnam is below their potential and that his working visit aimed to address the issue. 

In 2015, trade value between Bulgaria and Vietnam hit US$102.5 million, expanding 28.2 percent from 2014), and exceeding the 100 million USD/year level for the first time. 

By August, 2016, the value was US$96.7 million, a 88 percent surge on year.

VNA

Other News

Vietnam needs more modern, creative working class: Top leader

Vietnam needs more modern, creative working class: Top leader

Party General Secretary and State President To Lam urged the Vietnam Trade Union to reform more rapidly, deeply and substantively. It must work together with the State, enterprises and training facilities to improve workers’ professional qualifications, digital skills and adaptability.

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

Grand opening of 14th Vietnam Trade Union Congress for 2026–2031 term

VGCL President Nguyen Anh Tuan said achievements obtained over the past ternure reflect the close guidance of the Party, effective coordination among State agencies, local authorities, the Vietnam Fatherland Front and socio-political organisations, support from employers and, above all, the dedication and innovation demonstrated by trade union officials, members and workers across the country.

Prime Minister chairs Government's regular meeting for May

Prime Minister chairs Government's regular meeting for May

Prime Minister Le Minh Hung emphasised the need to further improve institutions and policy frameworks, develop digital infrastructure and data resources, and create the necessary conditions for science, technology, innovation and digital transformation to become new drivers of economic growth.

Official hails progress in Vietnam – RoK defence cooperation

Official hails progress in Vietnam – RoK defence cooperation

Deputy Prime Minister and Minister of National Defence General Phan Van Giang said that alongside the robust growth of relations between the two countries, defence cooperation has continued to develop extensively and intensively, becoming increasingly practical and effective.

Vietnam's First Lady visits disadvantaged children in Philippines

Vietnam's First Lady visits disadvantaged children in Philippines

Ngo Phuong Ly, spouse of Party General Secretary and State President To Lam, expressed her emotion at seeing the children’s optimism despite difficult circumstances, noting that both Vietnam and the Philippines place children at the centre of their development policies, from education, health care to child protection.

Top leader of Vietnam pays state visit to Philippines

Top leader of Vietnam pays state visit to Philippines

Party General Secretary and State President To Lam and his spouse are paying state visit to the Philippines from May 31 to June 1 at the invitation of President Ferdinand Romualdez Marcos Jr. and his spouse.