Government commits to '3 guarantees' with Japanese business community and investors

On the afternoon of March 1, Prime Minister Pham Minh Chinh chaired a discussion with large Japanese corporations and enterprises.

Prime Minister Pham Minh Chinh chairs a discussion with major Japanese corporations and enterprises - Photo: VGP/Nhat Bac

Many Japanese enterprises increase investment in Vietnam

Japanese Ambassador to Vietnam Ito Naoki said that many Japanese enterprises are eager and enthusiastic to increase investment and trade with Vietnam. Enterprises all expect the development of Vietnam's economy in the coming time, especially with the era of rising up, the revolution in streamlining the organizational apparatus...

Mr. Ozasa Haruhiko, chief representative of the Japan External Trade Organization (JETRO) in Hanoi, cited the most recent survey, recording that more than 60% of Japanese enterprises in Vietnam assessed that they would make a profit in 2024, the highest in the past 5 years.

According to JETRO representative, 56% of businesses plan to expand operations in the next 1-2 years, leading in ASEAN and Vietnam is one of the countries with the strongest development momentum.

Also at the seminar, Japanese enterprises and organizations, such as the Japan International Cooperation Agency (JICA), JBIC Bank, Moeco, Marubeni, Tokyo Gas, Shimizu, Sumitomo, Hitachi, Nippon Koei, Toyota, Aeon, etc., proposed and recommended in areas such as energy, the implementation of Hanoi urban railway line No. 2 Nam Thang Long - Tran Hung Dao, the North-South expressway section Ben Luc - Long Thanh, and the development of transportation in the Mekong Delta region, etc.

Prime Minister Pham Minh Chinh said that in 2024, despite many difficulties and challenges, Vietnam still achieved many important results, with a stable macroeconomic foundation and promoted growth. However, some cooperation and investment projects between the two countries still have problems and shortcomings that need to be resolved.

Therefore, the head of the Government has assigned specific tasks to ministries, branches and agencies to handle. In which, Deputy Prime Minister Ho Duc Phoc directly directed, the Ministry of Finance urgently coordinated with the Ministry of Justice to review procedures and processes, propose amendments to related decrees, especially regulations on taxes on non-refundable aid, this must be done in March.

In particular, the Prime Minister assigned Vice Chairman of Ho Chi Minh City Bui Xuan Cuong and relevant agencies to complete before April 30, 2025 issues related to payment to contractors for the Ho Chi Minh City Ben Thanh - Suoi Tien metro project No. 1.

Removing obstacles for Nghi Son Refinery and Petrochemical project

Regarding the Nghi Son Refinery and Petrochemical project, the Prime Minister had many meetings and discussions with Japanese leaders, JBIC Bank and related partners.

At the seminar, the Prime Minister requested JBIC Bank to promptly and actively implement agreements and commitments to soon resolve difficulties and obstacles for the project.

At the same time, it is recommended that Japanese investors continue to support and create conditions for Vietnamese enterprises to participate more deeply and substantially in global supply chains; helping Vietnamese enterprises diversify markets, products and supply chains.

The Vietnamese Government leaders also made a commitment of "3 guarantees" to the Japanese business community and investors.

The "3 guarantees" include: Ensuring that the foreign-invested economic sector is an important component of Vietnam's economy; ensuring the legitimate and legal rights and interests of investors; ensuring political stability, social order and security, institutions, mechanisms, and policies to attract investment.

At the same time, with the spirit of harmonious benefits and shared risks, the Vietnamese side wishes to implement "3 together", including: Listening and understanding between enterprises, the State and the people; sharing vision and action to cooperate and support each other to develop quickly and sustainably; working together, winning together, enjoying together, developing together, sharing joy, happiness and pride.

The head of the Vietnamese Government has called on Japanese businesses to operate with peace of mind, expand investment and business, identify bilateral relations as the foundation and support, consider Vietnam as a stronghold and an important link, and build supply chains and production in Vietnam.

Source: https://tuoitre.vn/chinh-phu-cam-ket-3-bao-dam-voi-cong-dong-doanh-nghiep-va-nha-dau-tu-nhat-20250301214816558.htm