Ba Ria - Vung Tau reinforces multifaceted ties with Japanese city
Ba Ria - Vung Tau is delighted to promote economic partnerships with Izumiotsu city of Japan’s Osaka prefecture and expand bilateral ties to other fields, an official of the southern Vietnamese province said on May 21.
Mayor of Izumiotsu city Minamide Kenichi (left) presents a souvenir marking the 10th anniversary of the two localities' relations to Vice Chairman of the Ba Ria - Vung Tau People’s Committee Nguyen Cong Vinh at the meeting on May 21. (Photo: VNA)
Ba Ria - Vung Tau (VNA) – Ba Ria - Vung Tau is delighted to promote economic partnerships with Izumiotsu city of Japan’s Osaka prefecture and expand bilateral ties to other fields, an official of the southern Vietnamese province said on May 21.
Vice Chairman of the provincial People’s Committee Nguyen Cong Vinh and other local officials had a meeting with a visiting delegation of Izumiotsu city led by Mayor Minamide Kenichi.
He said Ba Ria - Vung Tau is housing over 40 FDI projects of Japan with registered capital totalling about 3.1 billion USD, making the Northeast Asian country the fifth largest foreign investor in the province. The projects focus on steel, industrial glass, rare chemical, packaging and apparel production, and seaport.
In 2014, the province established a Japan Desk to update Japanese enterprises about local potential, advantages, as well as investment and business procedures and assist them with other issues.
Vinh went on to say that since a memorandum of understanding on economic cooperation was signed in 2014, Izumiotsu and Ba Ria - Vung Tau have carried out various exchanges and cooperation activities. Information sharing was sustained even during the COVID-19 pandemic in 2020 and 2022.
Thanks to support from Izumiotsu, Ba Ria - Vung Tau has made strong progress in attracting Japanese investment. Its connectivity with Japanese firms and investors has also been strongly fostered.
The province is very delighted to press on with economic ties with the Japanese city on the basis of the 2014 MoU and expand collaboration to other fields, especially agriculture, education, human resources development, cultural exchange, health care, and emergency response, he said.
The vice chairman expressed his belief that coming cooperation activities will help enhance mutual understanding and generate common prosperity, thus contributing to the Vietnam - Japan comprehensive strategic partnership for peace and prosperity in Asia and the world.
For his part, Minamide perceived that the two localities have built intensive relations in many areas such as investment, human resources development, education, and seaport, and reaped positive results.
The mayor said he hopes that this year, they will keep working together in existing areas and strengthen partnerships between their administrations and enterprises.
🐲 In September, Izumiotsu will hold a programme to introduce agricultural products of Ba Ria - Vung Tau to its residents so as to create a prerequisite for boosting the export of farm produce, a strength of the Vietnamese province, to the Japanese market, he added./.
Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.
The southern province of Ba Ria - Vung Tau signed a memorandum of understanding (MoU) with Sanjo city of Japan’s Niigata prefecture on establishing friendship and cooperative relations for the 2024 – 2026 period, at a conference held in the Vietnamese locality on April 26.
The southern province of Ba Ria-Vung Tau plans to turn itself into a logistics hub of the region, according to an action plan on enhancing the locality’s logistics competitiveness and development until 2025.
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Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
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