Vietnamese Prime Minister Pham Minh Chinh attends a dialogue with Japanese investors, Tokyo, Japan, November 24, 2021. Photo: VGP

PM Pham said Japan is currently the largest ODA donor to Viet Nam, with nearly US$27 billion, accounting for approximately 30 percent of the ODA that the Japanese Government providing for countries worldwide.

Japan is among the largest foreign investors in Viet Nam, with about 4,800 projects totaling over US$65 billion.

It is also the third biggest tourism market of Viet Nam, with about 1 million tourists visiting the Southeast Asian nation.

Meanwhile, the two-way trade between Viet Nam and Japan has so far reached over US$40 billion.

Pham said Viet Nam prioritizes development in harmony with nature, climate change adaptation and digital transformation in the coming time, therefore, it urgently needs capital, technology and management methods, which are the strengths of Japanese investors, who have good understanding of and have a lot of success in the Vietnamese market.

The same day, PM Pham received representatives from leading economic corporations and universities of Japan that intend to invest in Viet Nam.

The general director of Shionogi Inc said that the group will continue to help Viet Nam pilot the production of vaccines and drugs for COVID-19 treatment, adding that the firm wants to invest in a facility for vaccine and medicine research and production in Viet Nam, the first of this kind of the group in Southeast Asia.

Meanwhile, President of Hitachi Ltd., Higashihara Toshiaki proposed the Vietnamese Government allow the firm to expand its investment in projects on environment, health care, disaster risk reduction and railway in Viet Nam, thus contributing to the country’s development.

Meeting with representatives from Sumitomo Corporation – a partner of BRG Viet Nam, PM Pham applauded the firm’s investment plan to develop urban areas in Viet Nam.  However, he suggested that the group should study to combine urban development with production and business, and development of cultural, sports and medical institutions.

During meetings with representatives from Ryukyu University Okinawa, Jutendo University, Hokkaido University, Waseda University, Hiroshima University, and Kobuta, Paramount and Horiba and Azuma corporations, PM Pham welcomed investment ideas of the establishments, saying that these are all areas that Viet Nam is in need of investment./.