Prospect of Vietnam-Japan economic cooperation

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VOV News English - 70 month(s) ago 17 readings

Prospect of Vietnam-Japan economic cooperation

(VOV) - Japanese Ambassador to Vietnam Yasuaki Tanizaki has spoken highly of Vietnam-Japan economic cooperation.

High-quality human resources needed to attract Japanese SMEs

In his lecture at Foreign Trade University in Hanoi on March 22, he recalled that Vietnam and Japan committed themselves to becoming strategic partners in October, 2006 during Vietnamese Prime Minister Nguyen Tan Dung’s visit to Japan.

In the first three months of 2012, the total amount of investment capital poured by Japanese businesses to 208 projects reached US$1.8 billion. Vietnam now ranks second in Japan’s list of official development assistance (ODA) recipients.

Ambassador Tanizaki said the Japanese Government has highly appreciated Vietnam’s economic growth and its efforts to reduce hunger and poverty. With its rate of poverty dropping from 58 percent in 1993 to 14 percent in 2008, and its GDP per capita rising from US$144 in 1992 to US$1,000 in 2008. Vietnam has joined the group of middle-income countries.

However, he said, there remain some issues that require Vietnam to address property. If not, its economic growth will slow down, he warned.

The Japanese diplomat added that the Japanese Government is working with Vietnamese agencies such as the Government Office, the Ministry of Planning and Investment, the Ministry of Industry and Trade, and the Ministry of Finance to help build a strategy for national industrialization.

Asked about cooperation between Vietnam and Japan and other countries in the region, Mr Tanizaki said there is a plan afoot to develop links in the Mekong region for the benefit of the ASEAN community in future.

Vietnam and Japan are carrying out infrastructure projects in the east-west corridor stretching from Danang through Laos and Thailand to Myanmar, and southern economic corridor from HCM City to Cambodia and Thailand, he said.

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