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Monday, May 29 2023
Tiếng Việt
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Date 05/07/2022-18:21:00 PM
Vietnam, Japan review joint initiative phase VIII
(MPI) - The Vietnamese Ministry of Planning and Investment (MPI), in coordination with the Japanese Embassy in Vietnam and the Japan-Vietnam Economic Committee under the Japan Business Federation (KEIDANREN), held an intermediate evaluation meeting for the Vietnam-Japan Joint Initiative phase eight in Hanoi on July 5.

The Vietnam-Japan Joint Initiative initiated in April 2003 is a special collaboration of the two Governments. Serving as a policy dialogue forum between Japanese investors and relevant Vietnamese ministries and agencies, it contributes to creating an open and transparent business and investment environment in Vietnam, and providing constructive policy recommendations as reference information to complete laws and policies for Vietnamese authorities.

Head of the MPI’s Foreign Investment Agency Do Nhat Hoang. Photo: MPI

Do Nhat Hoang, head of the MPI’s Foreign Investment Agency said the meeting is to review and evaluate some issues after serious impacts of COVID-19 on the production activities of enterprises. But thanks to the government’s leadership and business community’s support, the country attains outstanding results in the pandemic combat and socio-economic development.

Vietnam’s Gross Domestic Product expands 7.72% in the second quarter and 6.42% in the first six months of 2022; import and export turnover reached 371.17 billion USD, up 16.4%, showing that production activities have returned.

The Vietnam-Japan joint initiative provides information about difficulties and obstacles on the production and business activities so the two sides can have proposals for the policies and laws perfection. Vietnam’s commitment to materialising the joint initiative manifests the government’s resolve to improve the domestic investment environment, he said.

Photo: MPI

Envoy Daisuke OKABE from the Japanese Embassy expressed his delight at the close coordination within the join initiative implementation, contributing to the development of Vietnam and Vietnam-Japan relationship.

It was reported at the meeting that 47 out of the total 80 sub-items in the joint initiative have been well implemented as scheduled so far, 15 are underway, 6 make no progress and work will start on 12 others in the time ahead.

Many legal documents have been amended and adopted within the framework of the initiative. Vietnamese ministries and agencies have also taken into consideration many recommendations of Japan during the consolidation process of fine-tuning laws and policies, as well as law enforcement.

The two sides will continue their coordination and implementation of commitments in the action plan to make the eighth phase a success, contributing to improving the Vietnamese business environment, for the development and prosperity of both Vietnamese and Japanese business communities./.

The phase eight of the initiatives focuses on 11 groups of issues, including: (1) the publication and application of case law/civil judgment enforcement/competition regime; (2) Law on Investment and Law on Enterprises; (3) Improvement of the working environment; (4) promotion of infrastructure investment in the form of public-private partnership (PPP); (5) reform of state-owned enterprises and stock market; (6) method of implementing specific measures to create the best electricity structure in Vietnam; (7) efforts to improve laws and regulations related to natural gas pipeline construction and promote import of liquefied natural gas; (8) issues related to land; (9) supporting industry; (10) promotion of the Vietnam National Innovation Center (NIC) and innovation activities in localities and enterprises; and (11) highly skilled human resources development.

Bao Linh
Ministry of Planning and Investment

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