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sadfasHome > News - Event > The highlight news > VN encourages Japanese investment in infrastructure, clean energy
VN encourages Japanese investment in infrastructure, clean energy 

VGP – Deputy PM Trinh Dinh Dung affirmed that Viet Nam welcomes Japanese investment in the areas of infrastructure and clean energy, during his reception for a delegation from the Japan Bank for International Cooperation (JBIC) and Japan’s Sumitomo Group in Ha Noi on March 22.

Deputy PM Trinh Dinh Dung receives  kura, Managing Executive Officer and Global Head of Infrastructure & Enviroment Finance Group at JBIC, Ha Noi, March 22, 2019

Viet Nam-Japan relations are growing soundly, strongly and comprehensively across all fields with a high level of trust, the deputy PM said, noting that Japan continues to be Viet Nam’s leading economic partner, ranking first in terms of providing official development assistance (ODA) loans, second in terms of investment, third regarding tourism and fourth concerning trade. 

He recognized and highly appreciated JBIC’s cooperation for the past few years. Since 1993, JBIC has provided many loans to promote Japan’s foreign direct investment (FDI) into Viet Nam, especially developing important infrastructure projects and large-scale energy projects. In addition, JBIC has also been actively engaged in policy dialogues with Vietnamese ministries and sectors.

The host also spoke highly of Sumitomo Group’s investment and business activities in Viet Nam in the areas of trade, import-export, steel, automobiles, garment and textile, and agriculture.

On that basis, he asked JBIC to continue providing capital for projects in Viet Nam, while calling on Sumitomo to expand its investment in the country, especially in the fields of infrastructure development and energy, with a focus on renewable energy projects.

For his part, Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure & Enviroment Finance Group at JBIC, affirmed that his bank wishes to contribute to boosting cooperation between Viet Nam and Japan, particularly in the development of essential infrastructure and energy.

In the time ahead, JBIC will deploy many plans, including working with Vietnamese commercial banks to finance the projects of enterprises of the two countries, he said.

 

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