Vietnam wants Japanese firms to invest in its automobile manufacturing, with a focus on spare parts and support industry, Deputy Prime Minister Trinh Dinh Dung told Chief Executive Officer of Toyota Japan Fukui Hiroyuki during a reception in Hanoi on May 19.

Deputy Prime Minister Trinh Dinh Dung receiving Chief Executive Officer of Toyota Japan Fukui Hiroyuki. (Source: baochinhphu.vn)

Dung said Vietnam appreciates economic and trade ties with Japan and continually provides all possible support for Japanese investors.

He also pledged to direct ministries and agencies to consider Toyota’s proposals and issue policies conducive to businesses, including Toyota, contributing to developing the automobile industry.

Hiroyuki, for his part, said his visit is to learn about the Vietnamese auto market.

Via its business activities, Toyota wants to further contribute to Vietnam’s socio-economic development, he said.

He also suggested the government effectuate stable tax policies and build a roadmap for developing the market.

Source: VNA