Vietnam hopes that Japanese businesses, with their strengths in capital, advanced technology, and modern management practices, will explore and soon initiate new investment projects in Vietnam, particularly in high-tech sectors where Vietnam has needs and offers preferential investment policies, Minister of Industry and Trade Nguyen Hong Dien was quoted by the national radio broadcastor Voice of Vietnam (VOV) as saying at the Vietnam-Japan Business Forum held in Tokyo on December 19.

“These sectors include the semiconductor industry, manufacturing and processing, electronics, chemicals, new materials, energy (including renewable, new, and nuclear energy), and the green transition,” the minister added.

"Conversely, Vietnam hopes that Japanese authorities will create favorable conditions for Vietnamese businesses in their process of researching and exploring investment opportunities, investment cooperation, and developing production and business in Japan," he went on.

The forum attracted the attendance of over 100 delegates from units of the Ministry of Industry and Trade of Vietnam, the Embassy of Vietnam in Japan, the Ministry of Economy, Trade and Industry of Japan (METI), the Japan External Trade Organization (JETRO), the ASEAN-Japan Centre (AJC), and the business communities of Vietnam and Japan.

Minister Dien also affirmed that the Government and ministries of Vietnam are ready to coordinate with Japanese authorities to provide legal support and act as an effective bridge for the business communities of both countries to implement cooperative activities in the future.

The event provided updates to participants on Vietnam’s new policies and information on key issues such as energy, nuclear power, industry, and supply chains.

Business representatives from both countries also discussed strategies, cooperation opportunities, and challenges, aiming to strengthen cooperation in areas of mutual interest, especially nuclear power, foundational industries, digital transformation, and supply chains.

Source: VnEconomy