|We are ready
Cultural Cooperation with Vietnam
February 17, 2003 Sai Gon Times Daily
30 years of diplomatic ties
(By Nhu Hang)
Consul General Takeshi Kamitani(C) makes a toast with senior
HCMC officials at yesterday's function
Vietnamese and Japanese officials in HCMC
a function to mark the 30th anniversary of diplomatic relations
between the two countries, with both sides committed to enhancing
"In recent years, bilateral relations have developed especially
in the fields of economy, such as trade, investment and ODA, "Japanese
Consul General Takeshi Kamitani at the function, which also marked
the Japan-ASEAN Exchange Year.
"I hope the friendly relations will be consolidated through
various exchanges, including economic, cultural, scientific and
Le Quoc Hung, director of the HCMC Service of Foreign Affairs,
said such projects as the East-West Highway, IT training program
and Vietnam-Japan human resourse cooperation center financed by
Japan had contributed to further developing Vietnam-Japan cooperation.
He said about 400 Japanese companies had pledged a total investment
capital of US$4.3 billion so far in Vietnam, making Japan Vietnam's
second largest foreign investor behind Taiwan.
According to him, there is evidence that Japanese companies are
eyeing Vietnam as a destination for investment. Although China
at present is proving to be the most attractive country for Japanese
investors, they have recognized that the concentration of investment
for China is risky since the Chinese market is competitive.
Vietnam is known for its competitive, young and high quality labor
force and social and political stability, which has prompted many
Japanese companies to pay much attention to the country as promising
complementary option for investment.