Ministry of Planning and Investment Portal

At the reception. Photo: MPI

The minister highlighted the fruitful development of Vietnam-Japan relationship and said, the two countries should step up their ties to a deeper and more strategic stage. Leading 20 Toyama prefecture’s businesses to visit and work in Vietnam is an opportunity to promote exchanges, trade and investment activities between the two countries, contributing to bringing the Vietnam-Japan bilateral relations to a new high.

Minister Dung expressed his joy when Japanese firms, including those from Toyama prefecture, see Vietnam as top investment destination, and he committed to supporting Japanese investors in general, and Toyama’s firms in particular to invest successful in Vietnam.

He also underscored the re-signing of the Memorandum of Understanding between the Ministry of Planning and Investment and Toyama prefecture, as well as the establishment of Toyama Support Desk placed at the MPI.

For his part, Governor Hachiro said his visit includes a number of prefecture’s businesses that are interested in the business environment of Vietnam.

Economic exchange between Toyama prefecture and Vietnam started in 2013 and especially, the prefecture and the MPI signed a MoU in December 2016. Most of Toyama prefecture’s enterprises intend to invest and do business in Vietnam, according to a survey conducted by the prefecture in 2022. Many enterprises of Japan and Toyama prefecture are expanding and diversifying supply chains, and they are paying great attention to Vietnam for the country’s political stability.

The governor pledged that the prefecture will step up coordination with Vietnam and the MPI, and hoped to receive assistance from the minister personally and the ministry in economic exchange between the two sides. The signing of new MoU based on the old one in 2016 and the establishment of Toyama Support Desk will further deepen the MPI-Toyama relationship./.