Vietnam makes good use of Japan’s ODA: FEC deputy chief
Vietnam has effectively used Japan’s official development assistance in building infrastructure, said Vice President of the Japanese International Friendship Exchange Council (FEC) Yoshihiko Nakagaki.
Deputy Prime Minister Trinh Dinh Dung (R) shake hands with Vice President of the Japanese International Friendship Exchange Council (FEC) Yoshihiko Nakagaki
Hanoi (VNA) – Vietnam has effectivelyused Japan’s official development assistance in building infrastructure, said VicePresident of the Japanese International Friendship Exchange Council (FEC)Yoshihiko Nakagaki.
Nakagaki, who has led FEC delegations tovisit Vietnam several times over the past 7 years, made the comment at ameeting with Deputy Prime Minister Trinh Dinh Dung in Hanoi on October 4.
He said the good use of the ODA hascontributed significantly to the country’s socio-economic development, but notedthat as the Vietnamese economy expands, adjustments to the current usage areneeded for better outcomes.
Deputy PM Dung said he welcomes FEC memberbusinesses making annual visits to Vietnam to learn about local policies toattract Japanese investors and discuss measures to boost Vietnam – Japaneconomic ties.
Highlighting robust growth of the Vietnam –Japan extensive strategic partnership, Dung said Japan is the top ODA providerand 4th biggest trade partner of Vietnam.
Japanese investors have made goodreputation in Vietnam and contributed to the local development, the officialadded.
He underscored the commitment by theVietnamese Government to complete policies and legal framework that improvebusiness climate and facilitate foreign investors, including those from Japan.
Both host and guest agreed on untappedpotential for Vietnam – Japan trade cooperation thanks to prospects broughtabout by the formation of ASEAN Community and progressive negotiation of the RegionalComprehensive Economic Partnership (RCEP).
Established in 1983 as a non-profitinternational exchange organisation, FEC works on promoting friendship andcooperation between Japan and foreign countries.-VNA
Vietnam hopes for Japanese investment in prioritised sectors in the country’s industrialisation strategy, along with infrastructure, energy, climate change response, and support industry.
On Oct 10 President Tran Dai Quang met Yoshihiko Nakagaki, Vice President of Japan’s International Friendship Exchange Council and President of the Japan-Vietnam Culture and Economic Committee.
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The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
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.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Deputy Prime Minister Trinh Dinh Dung (R) shake hands with Vice President of the Japanese International Friendship Exchange Council (FEC) Yoshihiko Nakagaki 
