In his speech, PM Chinh told them that this year, Vietnam posted a trade surplus of around 25 billion USD, drew roughly 30 billion USD in registered foreign direct investment (FDI) and disbursed some 20 billion USD. The country also exported 8 million tonnes of rice, helping to ensure global food security.
Vietnam will continue ensuring fundamental factors for development and further reduce compliance time, input and logistics costs, thus improving its business competitiveness, he said, adding that with the policy of selectively attracting FDI with a focus on quality, efficiency, modern technology, and environmental protection, Vietnam gives priority to attracting projects in green economy, digital economy, circular economy, knowledge-based economy, sci-tech, innovation, electronic components and electric cars, as well as potential core technologies like the semiconductor industry, new energy such as hydrogen, renewable energy, financial centre development, green finance, biotechnology, and health care.
With the spirit of "harmonising interests, sharing risks," the Vietnamese Government will always accompany, listen to, support and create favourable conditions for foreign investors and those from Japan in particular, to do business successfully and sustainably over the long term in Vietnam, he said.
At the meeting, the two sides discussed practical and feasible solutions to boost bilateral trade and investment cooperation, especially in emerging areas.
The Vietnamese side provided feedback on each specific proposal and idea put forth by Japanese corporations regarding the development of renewable energy, green transformation in transport infrastructure, policies on electric vehicles, social infrastructure, health care, education, incentives for supporting industries, and the settlement of difficulties faced by specific projects.
They hoped that both sides would continue upholding the role of business dialogue mechanisms, especially the Vietnam-Japan Joint Initiative, to deal with new challenges in business operations on the principle of equal partnership.
