Vietnam’s Prime Minister Nguyen Xuan Phuc has urged Japanese companies to invest more in his country. He made the pitch at an event in Tokyo on Monday.
Phuc said Vietnam is strategically located, with high economic growth, and has a stable society. He said the government is working to simplify procedures to improve the investment environment, and is implementing reforms for human resources development.
Vietnam’s economy expanded more than 7 percent last year, and is expected to continue to grow at a rapid pace.
Recently, companies have been shifting their production bases to South East Asia from China to avoid US tariffs on imported Chinese goods. Vietnam is seen as one of the candidates for re-location.