March 20, 2018 20:40

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Bank of Tokyo Mitsubishi is ready to coordinate with Vietnam

20:40 | 09/03/2018

VCN- On 8th March, 2018 in Ha Noi, Minister of Finance Dinh Tien Dung received and worked with Mr. Hiroshi Watanabe, President of Institute for International Monetary Affairs (IMA) of Japan, Special Advisor to President of Bank of Tokyo-Mitsubishi UFJ (BTMU) and Mr. Koji Ito- General Director of BTMU.

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The reception.

At the reception, Minister Dinh Tien Dung said that Japan was the largest provider of official development assistance (ODA) for Vietnam and the second largest foreign investor. Also, it was the largest FDI investor of Vietnam in 2017 with a capital of US$ 9.11 billion, accounting for 25.4% of total investment capital in Vietnam. Japan became a comprehensive strategic partner of Vietnam in all fields, especially economics, trade and investment.

The Minister hoped that the trade and investment relationship between the two counties would continuously increase with a higher value in the coming time.

Sharing about Vietnam’s economy during the past, Minister Dinh Tien Dung said that Vietnam’s macro economy was stable and economic growth was at a reasonable level; Inflation was controlled at low level; the rate of State budget deficit and public debt was gradually reduced; the proportion of foreign loans decreased in the structure of public debt of Vietnam. In addition, the stock market has high growth, creating favorable conditions for foreign indirect investors to Vietnam, thus facilitating the restructuring of the State owned enterprise system.

The Ministry desired that as a member of the the world's leading financial group, Tokyo Mitsubishi UFJ would continue to support Vietnam in developing the capital market and promoting Vietnam’s Government Bond market to Japanese investors as well as research, consult and support Vietnam to improve statistics, predictions for warning in advance of the impacts of economic and finance in the context of international economic integration.

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Mr. Hiroshi Watanabe highly appreciated Vietnam’s economic growth over the past time. He is also impressed with Vietnam's financial management policies as well as loan restructuring and public debt control, significantly contributing to Vietnam's economic development.

According to Hiroshi Watanabe, in order to ensure sustainable economic development in the future, it is necessary to maintain the long-term foreign loans to ensure system safety. He stressed that the Bank of Tokyo Mitsubishi was ready to cooperate with Vietnam and desired to fund projects to carry out the socio-economic development process in the coming time.

By Thuy Linh/Ngoc Loan