During a dialogue in Hanoi on Monday with Japanese businesses, Mr. Phuc expressed his delight that 15 Japanese firms want to expand investment in Vietnam, which will provide a source of encouragement for the nation to continue improving its business environment and create favourable conditions for firms to do successful business, including those from Japan. 

He stressed that with a population of nearly 100 million and being part of the dynamic 650 million-strong bloc of ASEAN, Vietnam is big enough for business plans and suitable for restructuring, shift of regional and global supply chains by foreign investors, especially those from Japan. 

PM Nguyen Xuan Phuc (C) witnesses the handover of a cooperation agreement between Vietnam’s Foreign Investment Agency and the Japan External Trade Organization (JETRO), September 7, 2020. (Photo: Thong Nhat/VNA)

Mr. Phuc said that a working group in charge of promoting foreign investment cooperation led by a Deputy PM has been established in order to catch opportunities and deal with major investors’ suggestions. 

Japanese Ambassador to Vietnam Yamada Takio said over the past two decades, the Vietnamese economy has grown rapidly and ties between Vietnam and Japan have become deeper. 

He noted that a number of Japanese firms are considering a shift of production facilities to Vietnam.

The ambassador also expressed his support for the resumption of flights between the two nations.