Sharing with Prime Minister Pham Minh Chinh, Congressman Kobayashi said he visited Hanoi for the first time in 2016 when accompanying Prime Minister Kishida Fumio when he was the Minister of Foreign Affairs of Japan.
Prime Minister Pham Minh Chinh shares with Japanese businesses at the discussion this afternoon, May 21.
“In 2022, I visited Ho Chi Minh City and witnessed a huge change in Vietnam's development in just 6 years,” said Mr. Kobayashi.
According to him, Vietnamese human resources are very successful in Japan in the field of information technology, which is a "soft power" that Japan must learn from. The two countries need to cooperate to take advantage of this "soft power", especially in the current new period. Hiroshima has strengths in semiconductor production, many precision engineering enterprises want to invest in Vietnam...
The representative of the Kyushu Regional Economic Federation said that Vietnam's business environment is attractive, many businesses in the region want to invest in Vietnam; he suggested that the Vietnamese Government speed up licensing, simplify procedures, and make them faster.
Worry about rising land prices in Vietnam
Meanwhile, a representative of Mazda Group said that they have cooperated with Thaco Group since 2011; in 2022 alone, they sold more than 30,000 cars, with 4 models manufactured in Chu Lai (Quang Nam province). Sharing the need for new energy when Vietnam also has a carbon neutrality goal such as increasing the use of renewable energy and battery-powered electric vehicles, a representative of Mazda suggested that the Government have technical policies for electric vehicles, shifting to a circular economy, and serving climate change.
Sharing from the reality of production in Vietnam, a representative of Rorze Group (semiconductor manufacturing - PV) said that it has 10 subsidiaries. The company's products are used in the world's leading robots and are all manufactured at the factory in Nomura Industrial Park (Hai Phong).
Representatives of Hiroshima prefectural government, Japanese associations and businesses
The company has invested $134 million and currently has 3,000 employees in Vietnam. The factory in Vietnam is also the most important factory of this Japanese corporation, with many stages using orders from local companies in Vietnam.
“Regarding the investment environment, we suggest that the Government actively promote green energy and provide stable electricity supply. Our final customer, Apple, has committed to being carbon neutral by 2030, so we need to respond to green energy,” said a representative of the Rorze Group.
Notably, according to the representative of Rorze Group, the summer power shortage affects production, so he hopes the Government will improve this issue; besides, the high land prices in Vietnam, with no signs of stopping, affect investment. However, the group affirmed that it will continue to invest and expand because it considers Vietnam an important production base.
A representative of a textile manufacturing company said that they invested 7 billion yen to expand a factory in Nghe An during the difficult period of Covid-19. The reason is that Vietnam has an environment that is easy to hire labor, and is a production base and exports to Japan.
To expand investment, this business representative also hopes that the Government will support administrative procedures such as making investment licenses easier; eliminating congestion when carrying out centralized procedures...
Prime Minister calls for increased investment in Vietnam
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.
Prime Minister shares and calls on businesses to increase investment cooperation in Vietnam
He recalled his impressions when visiting the Hiroshima Peace Memorial Park, which commemorates the victims who died from the atomic bomb during World War II; he expressed his impressions of the will, determination, solidarity and high determination of the Japanese and Hiroshima people to rise up from the fierce devastation of war.
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 and trust. 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.
Japan's ODA capital has made an important contribution to the development of key infrastructure projects. The Vietnamese community in Japan has grown the fastest among overseas Vietnamese communities in recent times, now reaching nearly half a million people, ranking second among foreign communities in Japan.
Regarding investment, Japan has more than 5,000 valid projects with a total investment capital of more than 70 billion USD, ranking 3rd out of 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 and 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 also shared that Vietnam is implementing three strategic breakthroughs (institutions, infrastructure, and human resources) to improve the business investment environment, meet human resource needs, and reduce costs for businesses and investors.
He called on Japanese investors to increase investment in Vietnam in the fields of supporting industries, electronic components, electric cars, science and technology, innovation, research and development...
At the same time, we hope 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 in the direction of greening and reducing emissions.
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