Speaking at the events in Osaka and Kyoto, Consul General in Osaka Tran Duc Binh affirmed that Vietnam-Japan relations have been developing strongly in all fields, from politics, security, economy, trade, and scientific research to people-to-people exchange, laying a firm foundation for Japanese investors to operate in Vietnam.

Kansai central region comprising of Osaka, Kyoto and Kobe accounts for 30 percent of Japan’s investments in Vietnam and one-fourth of the total number of its projects in the Southeast Asian country. In the first eight months of this year, two-way trade turnover between Kansai and Vietnam hit 4.5 billion USD.

Vietnam is accelerating its economic restructuring and renovating growth model towards becoming an industrialised country by 2020. This opens up more opportunities for Japanese investors to Vietnam, Binh said.

For his part, Consul General in Fukuoka Bui Quoc Thanh said there is huge potential of cooperation between Vietnam and Japan, particularly between Japan’s southern region of Kyushu and Okinawa and Vietnam’s localities, in the fields of electronics, machinery, agriculture, agro-fisheries processing, shipbuilding, environment and energy efficiency.

This event is an initial step for cooperation between Kyushu and Vietnamese businesses in the support industry, Thanh said.

Meanwhile, Chairman of the Hanoi Supporting Industry Business Association (HANSIBA) Nguyen Hoang said Vietnamese firms want to cooperate with Japanese partners in supporting industries to meet the increasing demands of Japan’s leading groups, such as Toyota, Honda and Sony and access Japan’s global production chain, Hoang said.

He also introduced participants to the Hanoi South Supporting Industrial Park and Vietnam’s incentive policies.