On the morning of December 16, in Tokyo, within the framework of a working trip to attend the ASEAN-Japan Summit and bilateral activities in Japan, Prime Minister Pham Minh Chinh attended a discussion with leading Japanese economic groups.
The event was organized by the Ministry of Planning and Investment in collaboration with Tokyo MUFG Bank and VietinBank, with the main topics on two areas: green transformation and social infrastructure.
Prime Minister Pham Minh Chinh stated that over the past 50 years, the Vietnam-Japan friendship and cooperation have been continuously consolidated and developed comprehensively in all fields, especially economic-investment-trade cooperation.
Speaking at the seminar, Prime Minister Pham Minh Chinh said that Japan is Vietnam's number 1 development assistance partner, number 2 in labor cooperation, number 3 in investment and number 4 in trade.
The Vietnamese Government highly appreciates Japanese investors for their determination, seriousness, prestige, responsibility, compliance with the law, concern for and care for workers' lives, and focus on environmental protection.
The upgrading of the bilateral relationship to Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World opens a new chapter in the bilateral cooperation. Over many years of cooperation, Vietnamese and Japanese partners have gained more experience and better understood each other's business culture. These are very important premises and foundations for businesses of the two countries to strengthen cooperation and investment.
The Prime Minister highly appreciated the theme of the seminar, which is green transformation and social infrastructure, because green transformation is the current trend. On the other hand, investors will not look to countries with weak social infrastructure.
The Vietnamese Government will always accompany, listen, support, and create all favorable conditions for Japanese investors to invest and succeed.
Referring to the world economic and political situation since the outbreak of the COVID-19 pandemic with its difficulties and fluctuations, the Prime Minister affirmed that Vietnam has stood firm with its internal strength and the help and cooperation of international friends.
"Vietnam is a safe haven in the current storm in the world, in all different aspects," the Prime Minister emphasized.
According to the Prime Minister, Vietnam will continue to ensure the fundamental factors for development, maintain a peaceful and stable environment, firmly protect independence, sovereignty, territorial integrity, political stability, social order and safety, maintain macroeconomic stability, ensure major balances so that investors can feel secure and do business; promote 3 strategic breakthroughs (institutions, infrastructure, human resources) to continue to reduce time, compliance costs, input costs, logistics costs, and improve business competitiveness.
Vietnamese ministries and sectors attended the seminar.
The Prime Minister said that with the policy of cooperation and selective foreign investment attraction, aiming at quality, efficiency, high technology and environmental protection, Vietnam prioritizes attracting investment projects in sectors and fields such as: Green economy, digital economy, circular economy, knowledge economy; science and technology, innovation, electronic components, electric cars...; potential core technologies such as semiconductor industry, new energy (such as hydrogen), renewable energy; financial centers, green finance; biotechnology, healthcare... These are areas in which Japan has experience and strengths, and Vietnam has great potential and demand. At the same time, these are also key areas in the Joint Statement on upgrading relations between the two countries.
In the coming time, Vietnam will continue to improve institutions for digital transformation and green transformation, such as direct electricity trading mechanisms, carbon credits, biomass electricity, etc. to encourage the development of priority sectors; recently, related laws have been developed and promulgated, such as the Electricity Law (amended). Along with that, we will promote and improve the construction of green development infrastructure; train and supply human resources for green development with the view that people are the decisive factor.
The Prime Minister received leaders of Tokyo MUFG Bank and VietinBank before attending a discussion with leading Japanese economic groups.
The Prime Minister asked large Japanese corporations to help Vietnam access new-generation official development assistance (ODA) capital sources; green financial investment sources, investment in energy transition within the framework of the Just Energy Transition Partnership (JETP), "Asian Zero Emission Community (AZEC)"; investment resources for innovation such as the Japanese Government's "Innovation/Digital Transformation Fund (Innovation/DX)" to create momentum for sustainable socio-economic development in the coming period.
Along with that, the Prime Minister suggested that Japanese investors will further strengthen cooperation in training high-quality human resources, exchanging management experiences, developing business culture; promoting research and development activities, innovation, technology transfer, contributing to enhancing the resilience of supply chains to ensure stable production activities, focusing on transparency, diversity, sustainability and stability as stated in the Joint Statement between the two countries. At the same time, continue to contribute ideas and improve relevant institutions, mechanisms, policies and regulations.
Clarifying some specific issues that the corporations are concerned about, the Prime Minister said that he will continue to direct the complete removal of obstacles related to the Block B - O Mon gas project chain, especially the amendment of related circulars. The Government has also directed drastic solutions to avoid a recurrence of local power shortages in 2024...
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