(VOVworld) - Vietnam will continue creating favourable conditions for foreign investors, including those from Japan, to do long-term and efficient business in the country. State President Truong Tan Sang made the commitment while receiving Monotobu Sato, President of the Japanese Business Association in Vietnam and representatives of leading Japanese businesses operating in Vietnam, in Hanoi on Saturday.

He noted the strategic partnership between Vietnam and Japan is faring well, but there is huge potential for stronger cooperation in economics, trade, and investment. Sang said Japanese investment made up more than 26% of Vietnam’s total foreign direct investment (FDI) in 2013, and the figure will be higher in the near future as Vietnam prioritizes FDI in six key areas: electronics, agricultural machinery manufacturing, farm product processing, shipbuilding, the environment, energy conservation, automobile and spare parts manufacturing. Japan is currently Vietnam’s largest foreign investor, injecting 5.7 billion USD into the Southeast Asian nation, accounting for 26.7% of its total foreign investment.