Japan Promotes Investment in Vietnam

Under the agreement, the Mitsubishi Tokyo UFJ will hold periodical conferences on investment procedures in Vietnam for Japanese investors.

For its part, Vietnam will inform the bank about amendments to investment regulations and Japanese businesses' operations in Vietnam.

In the short term, Vietnam will use Mitsubishi Tokyo UFJ's financial resources to exploit coal and improve electricity and fuel infrastructures.

In the future, Mitsubishi Tokyo UFJ will cooperate with Vietnamese financial agencies to provide funding for Vietnam's enterprises.

Source: VNA
Feb. 8, 2006