The Vietnam Bar Federation (VBF) held a seminar in Hanoi on December 11 to promote cooperation between Vietnamese and Japanese commercial lawyers to support trade and improve the supply of legal services for bar associations.

Illustrative image (Photo: Internet)

VBF Chairman Do Ngoc Thinh said the seminar is expected to help improve the business environment and attract more Japanese FDI to Vietnam.

Japanese Ambassador to Vietnam Yamada Takio said Japan treasures its friendship with Vietnam, as evidenced by Japanese Prime Minister Suga Yoshihide selecting the country as the destination of his first overseas trip after taking office.

He hailed Vietnam for successfully controlling COVID-19 and maintaining economic growth. Apart from energy and transportation infrastructure, Japanese enterprises are also interested in law building and administrative reform when choosing Vietnam as a promising destination.

Vietnam has perfected a number of important laws such as the Civil Code and the Code of Civil Procedures, which helps Japanese investors feel secure when investing in the country.

Deputy Minister of Justice Nguyen Khanh Ngoc said that since Vietnam and Japan established diplomatic ties in 1973, bilateral relations have grown comprehensively in almost areas, from trade and investment to socio-culture and education, with lawyers playing a contributing role.

Figures show that nearly 40 lawyers and 11 bar associations from Japan are working in Vietnam, which are impressive figures, he said, adding that Vietnamese and Japanese lawyers play increasingly important roles as ties between the two countries have deepened.

He hoped that the two countries’ lawyers would seriously abide by the law and codes of conduct, and join social activities.

Delegates also discussed the major contents in the revised Corporate Law and the revised Investment Law, and the noteworthy issues for foreign investors.