Deputy Prime Minister Trinh Dinh Dung (right) and Executive Director and Global Director of finance, energy and resources block of JBIC Masaaki Yamada
Japan continues to affirm its leading role as an important economic partner of Vietnam as it has been the first major partner in providing ODA loans (total capital of about USD 30 billion), second one in investment (with about 4,200 projects, total registered capital of USD 57 billion), third one in tourism and fourth one in trade, etc.
According to Deputy Prime Minister Trinh Dinh Dung, the CPTPP Agreement and bilateral ones would bring many new opportunities for enterprises of the two countries. The Government of Vietnam continued to create a favourable business environment to encourage foreign-invested enterprises, including Japan, to invest in long-term business in Vietnam, especially in priority areas such as infrastructure construction and energy.
Over the past years, JBIC has been providing many loans to promote Japanese FDI into Vietnam, particularly developing important infrastructure systems and large-scale projects in the energy sector such as Nghi Son Refinery and Petrochemical Complex, Nghi Son 2, Vinh Tan 4, Duyen Hai 3 thermal power projects extension, etc.
Besides, as the role of a policy financial institution under the Government of Japan, JBIC has also actively involved in policy dialogues with ministries and sectors of Vietnam.
Mr. Masaaki Yamada, Executive Director and Global Director of finance, energy and resources section of JBIC said that projects using JBIC’s loan capital had been implemented very effectively. In particular, JBIC focused on technology transfer projects, encouraging Japanese small and medium enterprises to invest and expand production and business in Vietnam. In the coming time, JBIC would possibly provide loans for Vietnamese enterprises to implement infrastructure and energy development projects.