Deputy Prime Minister Hoang Trung Hai told the Vietnam Japan Economic Forum (VJEF 2015) on October 14 that the TPP is expected to help the two countries leverage the advantages each holds to promote socio-economic development, especially in regard to the agriculture, support, and high-tech industries.
The forum was held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Japan External Trade Organization (JETRO) in Hanoi to strengthen cooperation between Japanese and Vietnamese enterprises. More than 300 delegates, primarily government officials, economists, business leaders, and media agencies from the two countries were in attendance.
Addressing the forum, Deputy Prime Minister Hai spoke highly of the cooperation and support received from Japan and stressed it was an important partner of Vietnam. “There are currently about 1,500 Japanese enterprises in Vietnam with total investment of $37.7 billion in 2,661 projects,” Mr. Hai said.
Together with improvements in its investment environment, Vietnam aims to attract large projects from multinational corporations in high technology and infrastructure development to restructure the national economy.
A number of representatives from Japanese enterprises at the forum said they remain hesitant to invest in Vietnam due to a lack of information, complex administrative procedures, opaque policies, and a shortage of mid-level human resources.
VJEF 2015 reviewed the existing situation and proposed solutions to strengthen investment and trade relations between Vietnam and Japan and focused discussions on three main areas: Vietnam - Japan economic cooperation in the context of international economic integration, especially after the successful negotiation of economic partnership agreements (EPAs) and the TPP, Vietnam - Japan agricultural cooperation, and investment opportunities for Japanese companies during Vietnam’s restructuring process.
The forum was a platform for Japanese and Vietnamese businesses to meet and seek investment opportunities and provided a venue for businesses from both countries to speak face-to-face with government officials at all levels.
Source: http://vneconomictimes.vn/
Key words: Benefit, from TPP, for Vietnam- Japan relations
