Vietnam encourages Japanese investment in infrastructure, energy development

(VOVWORLD) - Vietnam expects more Japanese investment in infrastructure and energy development.

During a reception of executives from the Japan Bank for International Cooperation (JBIC) and Sumitomo Group, Deputy Prime Minister Trinh Dinh Dung praised Sumitomo investment in steel, automobile and textile industry while asking the group to boost investment in Vietnam’s renewable energy sector as well as JIBIC more financial contribution to local projects. The Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group of the Japan Bank for International Cooperation (JBIC) Kazuhisa Yumikura, said that the Bank will promote cooperation with Vietnamese commercial banks to provide more capital resources to local investment projects.