Japan is a strategic partner in the process of equitisation of state-owned enterprises

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The meeting on December 2. Photo: T.L

The Japanese delegation consisted of businesses in fields such as securities, banking, transportation, finance and electricity.

At the meeting, Yoshiki Onoi, Chairman of FEC and Director, Executive Vice President of Electric Power Development Co.,Ltd expressed his astonishment over Vietnam's economic growth.

The Chairman of FEC also stated that, in the process of economic development and planning financial policies, the Ministry of Finance has issued the appropriate guidelines and policies, including policies on equitisationof state-owned enterprises.

“I hope to receive information from the Ministry of Finance about the equitization process, plans and the role of public finance in infrastructure investment. This is the concern of companies in our delegation” Yoshiki Onoi said.

At the meeting, Minister of Finance Dinh Tien Dung has expressed his delight about thestrategic partnership between the Government of Vietnam and Japan in recent years.

“Currently, Japan is still the country providing the largest ODA capital for Vietnam and the second largest investor in Vietnam,” Dung said.

According to Dung, following the economic growth momentum from 2016, 2017 and 2018, Vietnam's GDP continues to increase by 6.8 percent in this year. The macroeconomy continued to be stable and inflation is only 2.5-2.6 percent. The Vietnamese currency is also relatively stable.

Before the sharing of the Japanese delegation about the process of equitisation of state-owned enterprises, Minister Dinh Tien Dung also admitted that this process is still slow compared to the requirements due to problems on policy and institution.

Therefore, in the future, the Ministry of Finance will continue to accelerate the privatisation of state-owned enterprises. The Minister said that Japan’s investors are suitable because of the good strategic partnership between the two countries.

The FEC representative also expressed his wish that the Ministry of Finance will provide Japanese businesses with sufficient information on procedures related to BOT and PPP as well as legal policies and legal framework, so that Japanese businesses can accompany with the process of equitisation of state-owned enterprises in Vietnam.