Deputy PM calls for Japanese investment in automobile, energy

Deputy Prime Minister Trinh Dinh Dung called for more Japanese investment in automobile industry, energy and tourism which are fields with huge demand and development potential in Vietnam.

The Government official made the call while receiving Japanese Minister of Land, Infrastructure, Transport and Tourism Keiichi Ishii in Hanoi on December 25.

Dung told the guest that in the first 11 months of 2018, Japan remained the largest investor in Vietnam with a combined capital of nearly US$8 billion, accounting for 26% of the country’s total newly-registered capital.

He appreciated Japan’s close cooperation and support in developing transport, notably in technical assistance for pre-feasibility studies of the north-south high-speed railway project, metro lines in Hanoi and Ho Chi Minh City, Terminal T2 at Noi Bai International Airport, Nhat Tan bridge, Cai Mep-Thi Vai and Lach Huyen ports, which have contributed to Vietnam’s socio-economic development.

He asked that Japan continue to help Vietnam in studying the implementation of large-scale infrastructure projects, including urban railways, high-speed railways and highways.

The Deputy PM also expressed his hope that Japan will share its experience with Vietnam in managing and upgrading infrastructure, and in personnel training in aviation and maritime industries.

He took the occasion to thank the Japanese Government and people for helping Vietnam respond to climate change and address impacts of natural disasters, and proposed Japan provide non-refundable official development assistance (ODA) for projects to build a disaster prevention and control centre and to increase the capacity of reducing risks of flash floods and landslides in the northern mountainous region.

Minister Keiichi Ishii congratulated Vietnam on its socio-economic development achievements, especially in infrastructure, tourism, and environmental protection.

He spoke highly of the Vietnamese Government’s drastic leadership to timely remove obstacles in implementing infrastructure development projects.

He voiced his belief that with the determination and efforts of the Government, ministries, sectors and localities, the country’s infrastructure system will develop quickly, thus creating the prerequisite for socio-economic development.

In the time to come, Japan is interested in important transport infrastructure projects that can drive growth such as the Long Thanh International Airport, high-speed railways, highways and urban railways in Hanoi, Ho Chi Minh City and other major cities.

Sharing his sympathy with Vietnam over losses caused by disasters in 2018, he affirmed that Japan will coordinate with Vietnam in installing early warning systems as well as implementing construction and non-construction solutions to effectively cope with natural disasters.


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