Prime Minister stresses importance of foreign-invested sector in Vietnamese economy
VGP – Prime Minister Le Minh Hung said foreign-invested sector remains an important component of the Vienamese economy as it helps the Southeast Asian nation successfully achieve the double-digit growth goal in 2026-2030 period.
Prime Minister Le Minh Hung (7th from right) and Japanese business representatives pose for a family photo following their working session, Da Nang City, September 6, 2026. Photo: VGP
Le stressed the point during a working session with representatives of Japanese investors in Viet Nam, held in the central city of Da Nang on Sunday.
He said Viet Nam is giving priority to attracting high-quality FDI projects with advanced technology, high added-value, high spillover effects, and growing participation of Vietnamese enterprises in accordance with the spirit of the Politburo's Resolution No. 10-NQ/TW dated June 8, 2026.
From that perspective, the Government chief called on Japanese enterprises to actively contribute to the realization of the above goal.
He suggested that Japanese investors step up investments in such fields like high-tech agriculture, strategic infrastructure development, urban and high-speed railway development, green transition, digital transformation, science and technology, innovation, semiconductor industry, and high-quality workforce training.
Le called on Japanese enterprises to enhance partnerships with Vietnamese counterparts to help them improve corporate governance capacity and participate deeper into Japanese businesses' supply chains for mutual development.
The Prime Minister also called for shifting Viet Nam-Japan investment relations from "investment destination" to "partnership" centered on co-development, co-enabling, joint research and development, co-innovation, and co-production.
Over the past consecutive years, Japan has maintained its position as one of the top three largest foreign investors in Viet Nam, with around US$80.3 billion in cumulative investment capital as of July 2026.
Japan is the largest ODA provider for Viet Nam, with total funding of nearly JPY3,000.
The two-way trade reached US$33.7 billion in the first seven months this year, an increase of 16.8 percent against the same period last year. Of the figure, Viet Nam's exports turnover grew by 16.6 percent to around US$17.6 billion./.