The Ministry of Planning and Investment and the Japanese prefecture of Saitama signed a Memorandum of Understanding (MoU) for economic cooperation in Hanoi on August 21.

Addressing the signing ceremony, Minister of Planning and Investment Bui Quang Vinh affirmed that the relationship between Vietnam and Japan has been developing steadily in recent years.

The two countries have been working well together to deepen cooperation in all fields, especially economics, trade, and investment, he said.

Minister Vinh highlighted the mutual trust between the two governments and peoples, which has laid a firm foundation for long-standing comprehensive bilateral cooperation.

The Vietnamese Government hopes that Japanese enterprises, groups and localities will continue their investment in Vietnam, he added.

Saitama Governor Kiyoshi Ueda said that his visit to Vietnam aims to strengthen the friendship and economic cooperation between the two nations.

Businesses from Saitama prefecture also affirmed that they will invest in Vietnam in the future.

Saitama specializes in manufacturing and mechanical engineering. Some of its major companies, such as Honda and Canon, have already invested in Vietnam.

(VOV)