Vietnam rolls out carpet for Japanese investment: President
Foreign investments, including those made by Japanese firms, are an important driving force for Vietnam’s socio-economic development and improvement of the national competitive capacity, said President Tran Dai Quang.
President Tran Dai Quang in a dialogue with Japanese large corporations in Tokyo on May 30 (Photo: VNA)
Tokyo (VNA) – Foreign investments, including those made by Japanese firms,are an important driving force for Vietnam’s socio-economic development andimprovement of the national competitive capacity, said President Tran DaiQuang.
In a dialogue with leaders of Japanese large corporations in Tokyo on May 30,President Quang noted that Vietnam always welcomes Japanese investment in thefields of Vietnam’s interest and Japan’s strengths like infrastructureconstruction, support industry, high-tech agriculture, energy, environment,finance, banking, and the equitisation process of state-owned firms.
The Vietnamese state commits to creating favourable conditions for Japanese groupsto invest and operate effective, stable and long-term business in Vietnam, heunderlined.
The President informed the Japanese businesses that Vietnam is striving tomaintain an annual GDP growth of 6.5-7 percent during 2016-2020 along with macro-economicstability while working to promote sustainable development coupled withenvironmental protection.
The moves will help Vietnam maintain its position as a dynamic nation andattractive destination for investment in the ASEAN bloc.
He stressed that the Vietnam-Japan Joint Initiative is an important channel tohelp Vietnam complete its policies and regulations, improve investment climateand attract high-quality foreign investments to Vietnam, particularly thosefrom Japan.
Chairman of the Japan Business Federation (Keidanren) Sadayuki Sakakibara andChairman of the Mitsubishi Chemical Holdings Corporation Yoshimitsu Kobayashi expressedtheir delights to welcome President Quang on his first state visit to Japan.
Speaking highly of Vietnam’s significant roles in the development of Japanesefirms, they believed that the fruitful political relations will bolsterbilateral trade and investment.
Japanese corporations lauded Vietnam’s participation in various economic dealslike Regional Comprehensive Economic Partnership (RCEP) and the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP).-VNA
A MoU on establishing an agency for promoting investment and supporting Japanese enterprises in investing in Vinh Phuc province (Japan Desk Vinh Phuc) was signed in the locality on March 26.
The Mekong Delta city of Can Tho is seeking Japanese investments in nine projects, focusing on high-tech agriculture and industry, centralized IT, logistics and construction, said Chairman of the municipal People’s Committee Vo Thanh Thong.
Ho Chi Minh City calls on Japanese businesses to step up investments in industry, agriculture and tourism in the southern metropolis, said Vice Chairman of the municipal People’s Committee Huynh Cach Mang.
The upcoming State visit to Japan by President Tran Dai Quang and his spouse from May 29 to June 2 is expected to bolster the already sound partnership between the two countries.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
President Tran Dai Quang in a dialogue with Japanese large corporations in Tokyo on May 30 (Photo: VNA) 
