Vietnam, Japan look to double trade turnover by 2020

Tuesday, 31 May 2016
Deputy PM Trinh Dinh Dung mentioned a string of measures to raise the two-way trade volume between Viet Nam and Japan by 2020.


The Vietnamese leader made the suggestions on May 30 in Tokyo while meeting with Japanese Minister of Economy, Trade and Industry Motoo Hayashi, who is also office manager of the Japan-Vietnam Friendship Parliamentarian Alliance.

Mr. Dung expressed his delight to meet the Japanese Minister on the occasion of the 22nd Conference on The Future of Asia in Tokyo.

Deputy PM Trinh Dinh Dung (L) and Japanese Minister of Economy, Trade and Industry Motoo Hayashi, Tokyo, May 30, 2016 - Photo: VGP/Xuan Tuyen

He expressed his hope that during the tour he would meet with Japanese leaders and businesses to promote the bilateral economic linkages especially in trade, investment, and energy.

He also suggested that the two sides work together to remove difficulties for Viet Nam’s agricultural products, while helping develop Viet Nam’s education and human resources for industry. 

The Deputy PM suggested the Japanese side proactively provide technical support for Viet Nam to implement the industrialization strategy; discuss specific ways to develop Viet Nam’s auxiliary industries; and build industrial parks in Hai Phong and Ba Ria-Vung Tau provinces.

For his part, Minister  Hayashi Motoo applauded the aforesaid proposals. According to him, the Trans-Pacific Partnership Agreement which Viet Nam and Japan are signatories offers abundant cooperative opportunities. Thus, Japan hoped to tap other fields of cooperation with Viet Nam.

Minister Hayashi Motoo announced that PM Shinzo Abe had already decided to provide around US$200 billion for infrastructure development in the region. The credit source is expected to support Viet Nam to develop infrastructure in accordance with the aspiration of the two countries’ leaders.

The same day, Deputy PM Dung also had a meeting with Chairman of Route Inn Group Katsutoshi Nagayama who revealed that in 10 years, the firm will invest in 50 hotels in Viet Nam. 

The Deputy PM pledged that Viet Nam always welcomes Japanese investors to do business and creates favorable conditions for them./.

Van Hai (Source: VGP)

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