On the afternoon of May 21, during his working program in Japan, Prime Minister Pham Minh Chinh attended and spoke at the Vietnam - Japan Business Forum, an event organized by the Ministry of Planning and Investment, the Vietnamese Embassy in Japan in coordination with the Japan External Trade Organization (JETRO) and Hiroshima Prefecture.
Prime Minister Pham Minh Chinh attended the Vietnam - Japan Business Forum.
Speaking at the seminar, Prime Minister Pham Minh Chinh congratulated Hiroshima - the city symbolizing peace and development aspirations for successfully organizing the G7 Summit and the expanded G7 Summit.
According to the Prime Minister, the Vietnam-Japan relationship is at its best in history, worthy of a deep strategic partnership based on sincerity, affection, trust, for peace, cooperation, development in the region, the world and for the benefit of the people of each country. Japan is the largest ODA donor, the second largest labor cooperation partner, the third largest investor, the third largest tourism partner and the fourth largest trade partner of Vietnam.
Regarding investment, Japan has more than 5,000 valid projects with a total investment capital of more than 70 billion USD, ranking 3rd among 143 countries and territories investing in Vietnam. In the opposite direction, Vietnam has 106 investment projects in Japan with a total registered investment capital of about 19.5 million USD.
Regarding trade, the total import-export turnover between the two countries in 2022 will continue to develop in a balanced direction, reaching nearly 50 billion USD, making Japan Vietnam's 4th largest trading partner.
The Prime Minister stated: In the development process, the Vietnamese Government always listens to and understands the opinions, proposals and recommendations of businesses and people, grasps the practical situation to solve problems promptly and effectively.
After sharing about fundamental issues and major orientations in socio-economic development, national construction and protection, foreign affairs and international integration of Vietnam, Prime Minister Pham Minh Chinh stated: In the current context, Vietnam persistently pursues the goal of maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances; implementing a firm, proactive, flexible, timely, effective monetary policy, synchronously and effectively coordinating with a reasonable, focused, key expansionary fiscal policy and other policies; managing a balance, harmony and rationality between inflation and growth, exchange rates and interest rates, between supply and demand, between the inside and the outside.
According to the Prime Minister, the reality of the past many years has shown that if inflation is allowed to increase, it will take a lot of time and resources to control. Currently, inflation is being controlled at a low level, Vietnam is giving more priority to the growth target, promoting all three growth drivers: investment, export, and consumption.
Regarding specific solutions, the Prime Minister said that Vietnam is exempting, reducing, and extending taxes, fees, and charges; restructuring debt groups, freezing debt, extending debt, and reducing bank interest rates to remove difficulties for businesses; using public investment to lead private investment, activating all resources for national development; diversifying products, supply chains, and expanding markets to promote exports... At the same time, Vietnam is making efforts to solve issues related to labor, employment, and ensuring social security.
Japanese investors are always determined, serious, reputable, responsible, law-abiding, concerned with the lives of workers and focus on environmental protection.
At the seminar, the Prime Minister called on Japanese investors to increase investment in Vietnam in the fields of supporting industries, electronic components, electric cars, etc.; science and technology, innovation, research and development; green economy, digital economy, circular economy, knowledge economy; semiconductor manufacturing, new energy (such as hydrogen), renewable energy; eco-industrial parks associated with smart cities. These are industries and fields in which Japan has experience and strengths, and Vietnam has demand and potential.
At the same time, the Prime Minister hopes that Japan and investors will actively cooperate and support Vietnam in all five aspects (institutions, capital, technology, human resources, governance), promote research and development activities, innovation, and support Vietnamese enterprises to participate in regional and global supply chains and value chains, following the trend of greening and reducing emissions.
The Prime Minister thanked Japanese enterprises for continuing to maintain and expand their business in Vietnam despite many difficulties and challenges, especially due to COVID-19, and accompanying Vietnam in the fight against COVID-19, showing their affection and responsibility for Vietnam, and their determination to overcome difficulties for development.
In the coming time, the Prime Minister suggested that Japanese investors actively join Vietnam in the process of summarizing 35 years of attracting FDI, making more positive contributions to the Vietnam - Japan relationship, making it increasingly deeper, more substantial, more effective, and bearing fruit, bringing practical benefits to the people of the two countries.
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