Hiromasa Yonekura, President of the Japan Business Federation "Nippon Keidanren”, affirmed this in Tokyo on July 5 during his talks with Deputy Prime Minister Nguyen Xuan Phuc, who is currently visiting Japan.
Yonekura recalled his March visit to Vietnam where he met State President Truong Tan Sang and both sides agreed to further strengthen cooperation in infrastructure development and mining.
He said he hopes that Japanese businesses will gain a better understanding of Vietnam’s economic development needs through Phuc’s visit.
Phuc praised Japan’s efforts to overcome the consequences of the March 2011 earthquake and tsunami and said that Vietnam is willing to help the country get through this difficult period quickly.
The deputy PM said that in the face of the global economic downturn, Vietnam has no choice, but to restructure its economic, financial and monetary institutions, and also complete its legal system.
In the medium and long-term, he said the Vietnamese Government will focus on managing the economy effectively, training human resources and developing infrastructure. It is devising an industrial development strategy until 2020 and paying more attention to the public-private partnership model to make it more efficient.
Phuc asserted that Vietnam always creates the best possible conditions for Japanese businesses to operate successfully in Vietnam. He urged Nippon Keidanren to boost cooperation and investment in Vietnam and actively take part in the 2013 Vietnam-Japan Friendship Year to mark the 40th anniversary of bilateral diplomatic ties.
Deputy PM Phuc left Tokyo the same day, ending his six-day visit to Japan.