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NEWS UPDATES Asean Affairs     February 17, 2017  

Viet Nam values Japanese investment

Viet Nam is working hard to improve its business climate to attract more foreign investors, including those from Japan, said Prime Minister Nguyễn Xuân Phúc.

He made the statement while receiving Takashi Oyamada, Chief Executive Officer and President of The Bank of Tokyo-Mitsubishi UFJ (BTMU), in Hà Nội yesterday.

Lauding sound cooperation between BTMU and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)--particularly their organisation of investment promotion conferences--Phúc said Việt Nam understands the importance of supplying capital for its economy during the development progress.

He stressed that Vietnamese enterprises want to form partnerships with the Japanese peers to learn from their experience in management, production and business.

He also noted with pleasure that most Japanese firms have witnessed good business results in Việt Nam, adding that Japan is now the second largest investor in Việt Nam, with a total investment capital of over US$42 billion.

The PM expressed his wish that Japanese businesses will pay more attention to the Vietnamese market so as to make Japan the Southeast Asian nation’s biggest investor.

For his part, Takashi Oyamada informed his host that the long-term strategic partnership between his bank and Vietinbank has brought mutual benefits, contributing to the growth of Việt Nam-Japan ties.

Through the cooperation, BTMU has learned about valuable experiences from Vietinbank and the Vietnamese credit market, he stressed, adding that both sides will work closely to supply capital for business activities in Việt Nam.

He said many Japanese firms want to invest and expand operations in Việt Nam, as they see the country as a strong economy and a market filled with potential.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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