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Vietnam premier urges more investment from Japan

Vietnam premier urges more investment from Japan | iNFOnews.ca
Japanese Prime Minister Shinzo Abe speaks during a press conference in Hanoi, Vietnam, Monday, Jan. 16, 2017. Japan will provide Vietnam new patrol vessels, Abe said Monday on the last stop of his four-nation tour to boost his country's trade and security engagements in Asia amid China's rising dominance. (Kham/Pool Photo via AP)

HANOI, Vietnam – Vietnamese Prime Minister Nguyen Xuan Phuc on Tuesday urged Japan to invest more in the Southeast Asian country to become its top foreign investor.

Speaking at a conference of business leaders from both countries also attended by visiting Japanese Prime Minister Shinzo Abe, Phuc said Vietnam would like to see Japan invest more in infrastructure, agriculture, manufacturing and services.

South Korea is Vietnam’s largest foreign investor with total investments of $50 billion, followed by Japan with $42 billion.

Abe told the conference that after talks with Phuc on Monday, the countries had agreed to expand trade and investment, and improve the investment environment.

He said Japanese companies have contributed to Vietnam’s development through their investments, technology transfers and job creation.

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