PM talks with Japanese real estate, financial firms

Tuesday, 2018-10-09 21:52:04
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At the event
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NDO/VNA - Prime Minister Nguyen Xuan Phuc had meetings with representatives from leading infrastructure and financial enterprises of Japan on October 9 as part of his activities on the sidelines of the 10th Mekong-Japan Summit in Tokyo.

At the talk on investment in real estate and infrastructure development in Vietnam, PM Phuc highly valued Japan’s urban planning and construction, and applauded Japanese firms’ investment in real estate and infrastructure development in Vietnam.

The Vietnamese Government will create the most favourable conditions for Japanese companies, including issuing regulations on investment in the form of public-private partnership and devise easier financial credit policies for investors in the field, he said.

PM Phuc suggested Japanese firms give priority to both investing in real estate and developing infrastructure, especially building social houses for workers and poor people, and modern and smart urban areas.

He also called Japanese enterprises to do well the planning work to optimally use the land fund, as well as advance technologies and materials for high-quality infrastructure projects.

For their part, Japanese real estate firms said that Vietnam’s market is witnessing a boom, expressing their desire to increase their investment in this field.

They showed their interest in projects that use the newest knowledge in order to support Vietnam in building master plans, expanding urban areas and large-scale supermarkets in localities, and promoting transport connection and building social housing for low-income earners.

They also proposed policies to create more open investment environment for enterprises to invest in Vietnam.

During the working session with representatives from Japan’s major financial firms, PM Phuc affirmed that the Vietnamese Government consistently promotes economic integration and linkage and devises strong policies to create the best and equal conditions for businesses.

He called on Japanese firms to become strategic partners in Vietnam’s process of restructuring State-owned enterprises; building enterprises with global competitiveness; participating in transport infrastructure development and new energy projects and in reforming and modernizing the banking and financial system of Vietnam.

The Government of Vietnam encourages investors to purchase weak banks, thus developing those into 100-percent foreign-owned banks, he noted.

Representatives of the Japanese financial firms said they are impressed by Vietnam's achievements in economic growth in 2018, especially macroeconomic stability, and spoke highly of the Government's strong governance and reforms in terms of institutions, mechanisms and reduction of administrative procedures.

They also voiced their concerns about the equitization of State-owned enterprises and infrastructure development plans, specific investment priorities in the field of innovation.