Seventh phase of VN – Japan Joint Initiative launched
14:09 | 01/08/2018

VGP - The seventh phase of the Viet Nam-Japan Joint Initiative was launched in Ha Noi on July 31, covering some matters left by the previous phase and new contents.

Viet Nam’s Ministry of Planning and Investment, the Japanese Embassy in Viet Nam and the Viet Nam-Japan Economic Committee under the Japan Business Federation (KEIDANREN) jointly held a meeting to launch the phase.

The seventh phase, to last from August 2018 till the end of 2019, will deal with ten items, with nine agreed by the two sides during the meeting.

The Japanese side has made 65 recommendations regarding regulations on investment in Viet Nam for foreign investors as prescribed in the Investment Law, the Law on Enterprises, the Land Law and other relevant laws.

The recommendations also cover the reform of State enterprises and the stock market, the intensification of industrialisation with international competitiveness, labour and wage, and the policy framework on Public-Private Partnership (PPP), among others.

There will be three meetings which are scheduled for late 2018, mid-2019 and late 2019 to review the implementation of the phase.

A memorandum of understanding to this effect was signed at the meeting.

The Viet Nam-Japan Joint Initiative was launched in April 2003 as a result of special cooperation mechanism between the Vietnamese and Japanese Governments.

It serves as a policy dialogue forum between Japanese investors and relevant Vietnamese ministries and agencies, where proposals have been made to help competent Vietnamese agencies fine-tune laws and policies.

Over the past six phases, more than 470 action plans have been carried out.-VNA

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