Vietnamese, Japanese contractors forge cooperation

The Vietnam Association of Construction Contractors (VACC) and the Overseas Construction Association of Japan, Inc. (OCAJI) have sealed a Memorandum of Understanding (MoU) on bilateral cooperation.

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At the signing ceremony (Source: enternews.vn)

The MoU, signed in Hanoi on December 16, is hoped to open up huge opportunities for Vietnamese contractors, especially large-scale ones.

Lao dong (Labour) newspaper quoted President of the VACC Nguyen Quoc Hiep as saying that the VACC will connect Japanese contractors with Vietnamese partners for projects in Vietnam and other ASEAN countries like Cambodia and Malaysia.

The VACC will also assist its members in seeking partners for developing and implementation of projects, he said.

According to Hiep, the first working session between Japan’s Teisi Group and a Vietnamese construction company is scheduled to take place on December 23 to commence the implementation of this cooperation minute.

The VCAA will propose some relevant policies to the Government and the Ministry of Construction to address debts in capital construction and increase capability for domestic constructors.

The association now has more than 700 member businesses.

Source: VNA