A new wave of Japanese investment may flood into Vietnam in the coming time with a focus on high-tech industry, an official said.
Prof. Dr. Ta Ngoc Tan, Director of the Ho Chi Minh National Academy of Politics and Public Administration
Prof. Dr. Ta Ngoc Tan, Director of the Ho Chi Minh National Academy of Politics and Public Administration told DTiNews on the sidelines of a seminar on scenarios for Japanese reconstruction and overseas investment trends in Hanoi on August 10 that this was a golden opportunity for Vietnam. However, the country should be well-prepared in terms of infrastructure, human resources and investment environment to welcome the investment flow.
In your opinion, what are opportunities for Vietnamese businesses ahead a forecast on new Japanese investment flow?
Over the last 25 years since implementing our renewal policies, Vietnam has made progress in socioeconomic development and investment policies. Therefore, I believe that we have a good foundation to welcome new investment flows from Japan.
What do we need to do in order to make this opportunity become reality?
In addition to available conditions, more efforts should be made to tackle bottle necks, including difficulties in infrastructure, human resources and administrative procedures in order to create a favourable investment environment.
All of these concerns have been included in the 11th Party Congress’s Resolution. I think with determination, Vietnam will create more incentive policies to encourage new investment flows.
Vietnam and Japan have tight economic and political relations. What should the Government do in order to heighten bilateral cooperation in the time to come while enterprises, ministries and branches prepare to welcome the new Japanese investment flow?
You know, Vietnamese-Japanese relations have developed into strategic ties, thanks to the determination of leaders of the two countries. This has become a firm commitment for enterprises of the two sides to carry out investment projects in Vietnam.
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| Many Japanese firms are seeking for investment opportunities in Vietnam following the earthquake on March 11. |
It is said that Japan plans to boost the development of high-tech industries. How can Vietnam develop these projects?
With Japanese high-tech industries seeking out overseas investment projects, it offers a golden opportunity for Vietnam as it suits the country’s direction for industrial development.
According to the economic development policies for the 2011-2020 period, Vietnam targets to the development of manufacturing industry, which will be a spearhead in the country’s industry sector.
When investing abroad, investors often pin great hope on using materials or mineral resources of the targeted country, as will Japanese investors. They will also intend to sell their products here. What are your comments on this issue?
Obviously, products produced by Japanese firms in Vietnam could be sold to our market. Any product needs an outlet. I think it’s irrelevant whether they sell high-quality products here to meet local demand.
Regarding natural resources, I’d expect that through Japanese advanced technology, we’ll find suitable methods to use natural resources more efficiently.
