Vietnam pledges favourable conditions for Japanese bank

Update: 13:19 | 18/05/2019
Vietnam welcomes and will create optimal conditions for the Japan Bank for International Cooperation (JBIC) and businesses from Japan to operate and take part in key projects on energy, industry, transport and infrastructure, a senior Vietnamese official has said.    
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vietnam pledges favourable conditions for japanese bank
Vietnam pledges favourable conditions for Japanese bank. (Source: VNA)

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh made the statement while receiving JBIC Governor Tadashi Maeda in Hanoi on May 17.

He spoke highly of the fruitful development of the Vietnam-Japan relationship across spheres, especially economy, trade and investment. He affirmed the Vietnamese Party and State’s consistent policy of regarding Japan as a leading and long-term partner.

The official lauded the JBIC’s role in infrastructure, energy and loan supply, helping to promote Japan’s investment in Vietnam.

For his part, Maeda briefed the host on his delegation’s working trip to Vietnam, during which they proposed new cooperation initiatives that aim to encourage energy development, particularly renewable, clean and environmentally-friendly energy.

He also talked about the bank’s orientations to increase its loans for Vietnam in the projects with the participation of Japanese investors and exporters.

Applauding these initiatives, Binh asked the bank to push ahead with negotiations to materialise them and consider expanding loans for Vietnamese firms or joint ventures of the two countries, especially in infrastructure and energy.

The successful implementation of these initiatives will help the Vietnam-Japan extensive strategic partnership develop in a more comprehensive and pragmatic manner, the host added.

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(Source: VNA)