Vietnam seeks Japanese investment in high-tech industries

   Vietnam hopes that Japanese businesses, with their strengths in capital, advanced technology, and modern management practices, will explore and soon initiate new investment projects in Vietnam, particularly in high-tech sectors where Vietnam has needs and offers preferential investment policies, Minister of Industry and Trade Nguyen Hong Dien was quoted by the national radio broadcastor Voice of Vietnamd (VOV) as saying at the Vietnam-Japan Business Forum held in Tokyo on December 19. “These sectors include the semiconductor industry, manufacturing and processing, electronics, chemicals, new materials, energy (including renewable, new, and nuclear energy), and the green transition,” the minister added. “Conversely, Vietnam hopes that Japanese authorities will create favorable conditions for Vietnamese businesses in their process of researching and exploring investment opportunities, investment cooperation, and developing production and business in Japan,” he went on. Business representatives from both countries also discussed strategies, cooperation opportunities, and challenges, aiming to strengthen cooperation in areas of mutual interest, especially nuclear power, foundational industries, digital transformation, and supply chains.