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TPP will facilitate trade relations Vietnam - Japan

Agreement on the Trans-Pacific Partnership (TPP) is expected to help Vietnam and Japan mutually beneficial cooperation in supporting industry, agriculture ...

(Saigon Times Online) - Agreement on the Trans-Pacific Partnership (TPP) is expected to help Vietnam and Japan mutually beneficial cooperation in supporting industry, agriculture ...
This is the statement of the Deputy Prime Minister Hoang Trung Hai in Vietnam Economic Forum Japan 2015 by the Chamber of Commerce and Industry of Vietnam (VCCI) in collaboration with the Trade Promotion Organization of Japan (JETRO) organized 14-10 in Hanoi.
Deputy Prime Minister Hoang Trung Hai said Vietnam would like the government, the Japanese business community continued interest in investing in Vietnam, particularly in the field of electronic 6, agricultural machinery, processed agricultural and fishery products, shipbuilding, environmental, energy saving and auto-parts production ... and the areas where Japan is strong, in line with development needs, the level of Vietnam.

Deputy Prime Minister Hoang Trung Hai spoke at the Forum - Photo: Chinhphu.vn


In particular, Deputy Prime Minister committed the Government of Vietnam will work closely with the government and Japanese businesses to improve the business environment, continuing to build the investment environment to Vietnam is an attractive destination for businesses in the future.
This is shown by the Government, over time, has issued and strongly promote the implementation of the resolutions to improve the investment environment, business and enhance competitiveness for the economy, striving achieving standards ASEAN ASEAN 6 and 4.
Along with the improvement of the business environment combined with strong integration process as the signing of free trade agreements (FTA) with the blocks, countries, especially recent Partnership Agreement regularly Pacific (TPP) that Vietnam and Japan are members ended negotiations, will be tremendous opportunities, continue to strengthen the comprehensive partnership between the two countries.
According to JETRO, localization issues are barriers that Japanese firms face when investing in Vietnam. Currently, Japanese companies investing in Vietnam with the localization rate is very low, only about 33%, while this rate is 55% in Thailand, Indonesia 43%.
Therefore, for industrial further development of Vietnam, becoming the production, supply of spare parts to foreign countries must first develop the industrial sector and support small and medium enterprises. "JETRO will try to connect businesses purchase spare parts-of the two countries," the Japanese representative said.
The agriculture sector is also one of the areas where the two countries and will continue to cooperate in the future, particularly in the context of Vietnam is implementing a comprehensive restructuring of the agricultural sector towards higher value incremental and sustainable development. JETRO is committed to introducing these products, the latest technology of Japan in the field of mechanization, agricultural enterprises of the two sides to cooperate and develop further.
According to the JETRO survey, Vietnam is one of the countries attracting the attention of Japanese firms. This year, among 521 small and medium enterprises in Japan who wish to invest in emerging countries, up to 130 companies interested in investing in Vietnam, surpassing the 78 businesses that want to invest in Thailand.
Vietnam Economic Forum Japan 2015 this time attracted more than 300 representatives of international management and leaders of professional associations, organizations and enterprises of the two countries.

 

Thuy Dung

 

 

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