Rebuilding Japan and attracting FDI in Vietnam

Morning 10/8, in Hanoi, the Ministry of Planning - Investment and Economic Times Nikkei (Japan) co-hosted, in collaboration with the Embassy of Vietnam in Japan Seminar "recovery scenario and Japan reconstruction investment trends abroad.

The workshop focused on discussing the script recovery and reconstruction of Japan after the earthquake tsunami crisis, which give investors the economic information, as well as changes in investment policy Japanese overseas after the disaster. Also making the recommendations, the policy orientation to attract Japanese investment in Vietnam in the coming period.

At the seminar, he Y.Tanizaki, Ambassador of Japan in Vietnam, said after the tsunami and nuclear power in Japan has received the backing material and spirit from 159 countries and territories and 43 international organizations ... while Vietnam is a source of great encouragement to Japan to stand up economic recovery after a disaster. "This seminar is the support of Vietnam to the people and Government of Japan," he said Y.Tanizaki.

As of the date of 28/7, the disaster has claimed the lives of 16,000 people, 5,000 people missing, 92,000 people to flee ... economic losses are unprecedented in Japanese history.

To overcome the consequences, reconstruction of the country, the Government of Japan has established a basic policy guidelines for reconstruction, according to which from now to 2015 is focused reconstruction period, with capital of 240 billion dollars. Some capital to be raised from the capital budget, reduce spending sources, sell state assets, reduce civil servants' salaries and tax measures are temporary ...

"With confidence I plan on reconstruction and rehabilitation will be the Government and people of Japan made a big strength," he emphasized Y.Tanizaki.

In terms of Japanese investment, the investigation of the Ministry of Industry - Engineering Japan, showed 97 production enterprises leading Japanese tend to move manufacturing operations to Asia, in Vietnam is a place which is the Japanese investor interest. This is really a potential opportunity to supply and demand in manufacturing.

Discussion at the conference, he Heido natio, Head of Finance in charge of investments in energy, water and infrastructure (Bank for International Cooperation Japan) said that direct investment from Japan to Vietnam Men in fiscal year 2010, Vietnam ranked third in the country as a potential trade 4th and as a nation on foreign trade prospects in the next 10 years by human resources, prospects growth of the domestic market, the level of human and fundamental exports to 3rd countries.

According to Prof. Dr. Ta Ngoc Tan - Director of the Institute of Politics National Administration of Ho Chi Minh, to receive investment from Japan, Vietnam should continue high-level exchanges to deepen cooperation in the field direction large area; cleared stronger local cooperation and enterprise level; strengthen cooperation and exchanges between the people of universities and research institutes.

On economic cooperation, should be clearly defined strategies, policies and concrete steps in the areas of potential cooperation. Government grant decision should soon establish Vietnam-Japan Economic Forum as proposed by Japan.

Prof. Dr. Ta Ngoc Tan said the campaign, enlisting the Japanese business community is an important moment, we need to focus on breakthrough 3: perfecting the market economy, socialist orientation means; human resource development, especially high-quality human resources; building infrastructure systems synchronized. Besides implement the Joint Initiative Vietnam-Japan, boosting Japanese big projects; solving the problems faced by Japanese businesses operating in Vietnam; Japanese investment mobilization in the form of new public-private partnership on infrastructure (PPP).

Speakers at the seminar also provides perspective on the strategic development of supporting industries in Vietnam and the opportunity for Japanese investors. /.

BuildVietInfo according vov.vn