Vietnam wants Japan to boost real estate, infrastructure investments

Vietnam wants Japan to boost real estate, infrastructure investments
12/10/2018 , by , in INTERNATIONAL

Addressing the 10th Mekong-Japan Summit in Tokyo, Vietnamese Prime Minister Nguyen Xuan Phuc said the country would provide the best opportunities via new policies for Japanese firms to invest into Vietnam’s real estate and infrastructure.

He highlighted the need for building houses for manual laborers and the poor; large-scale urban planning; applying new technologies and materials for construction projects.

Japanese real estate firms expressed their desire to boost investments in Vietnam, more specifically, to support Vietnam’s urban planning by expanding urban areas and large-scale supermarkets to new cities and districts, as well as integrating public transport systems like trains or buses into urban settings.

In another business discussion with Japanese financial firms on the same day, Phuc called for Japanese firms to become Vietnam’s strategic partners in the restructuring of state-owned firms and creating new, globally competitive firms.

He also encouraged Japanese investors to acquire Vietnam’s weak banks in order to modernize the country’s banking and financial system.

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