More FDI Headed to Vietnam?

May 28, 2007
By Ken Worsley

Late last week, Vietnam Deputy Prime Minister Pham Gia Khiem visited Japan and gave a seminar at which he told Japanese businesspeople that now is a great time to invest in his country. Khiem said that not only are bilateral relations better than ever, but that Vietnam is attempting to improve its legal system to facilitate foreign investors.

According to Vietnam News:

The Japan External Trade Organisation’s deputy head Tomoharu Washio said he was glad at the development of ties between Japan and Viet Nam, particularly after Prime Minister Nguyen Tan Dung’s visit to Japan last year. He said Viet Nam’s membership of the World Trade Organisation and the two countries negotiations on the Economic Partnership Agreement would provide further favourable conditions for investment movement from Japan to Viet Nam.

In April, the municipal government of Ho Chi Minh City approved the construction of Vietnam’s first subway system, for which the Japan Bank for International Cooperation pledged to provide $904.7 million.

Filed Under Japan