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NEWS UPDATES Asean Affairs   10  November 2010

Vietnam welcomes smaller Japanese investors

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Vietnam has encouraged Japanese small and medium-sized enterprises, organisations and localities to explore opportunities for cooperation and investment in Vietnam.

President Nguyen Minh Triet said this during a meeting with Japan's former prime minister, Shinzo Abe, who is visiting Vietnam.

The president welcomed Abe and a Japanese delegation of small and medium enterprises. Triet said that Vietnam respected the contributions Abe had made in developing the Vietnam-Japan relationship.

He said he hoped the former prime minister would continue to contribute to economics, trade and investment.

Triet said he was pleased at the development of the strategic partnership between the two countries, especially agreements reached during Japanese Prime Minister Naoto Kan's recent visit to Vietnam.

He described Japan as an important partner and said strategic partnerships were now opening avenues for cooperation.

Triet said Vietnam wanted to invite Japanese companies to invest in underground railway systems in Hanoi and HCM City, and many other infrastructure construction projects. Abe said he was delighted to visit Vietnam again and witness its rapid and sustainable development.

He said he believed Vietnam would achieve its goal of becoming a modern industrial country by 2020, adding that in the near future, Vietnam would become the most important partner of Japan in the Asean bloc.

Abe said the Japanese government attached great importance to cooperation with Vietnam in large, small and medium-sized enterprises.

He congratulated Vietnam on its success as Asean chair in 2010, saying this improved its position in the international arena.

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