Hanoi Municipal People’s Committee Vice Chairman Nguyen Van Suu said the capital city is developing robustly and forging relations with many major international cities.
Hanoi’s industrial park projects have attracted a great deal of direct foreign investment (FDI), especially in advanced, environmentally friendly technology, he noted.
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Suu emphasised Hanoi’s boundary expansion made the city Vietnam’s largest agricultural hub.
He noted Hanoi must still buy agricultural products from surrounding provinces as the city can only meet 60% of its residents’ consumer demand.
Suu is hopeful Hanoi can take advantage of Saitama prefecture’s advanced agricultural technology and plentiful investment capital.
Hanoi will offer Vietnamese and Japanese investors the best conditions possible for running a business in the capital city, he promised.
Saitama Deputy Governor Yasuo Iwasaki expressed pleasure at witnessing the MoU signing. Saitama—one of Japan’s 17 largest localities and boasting a population exceeding 7 million—shares many similarities with Hanoi.
The MoU will help foster bilateral cooperation in fields benefiting both sides, he said.