WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Apr 06, 2016 / 16:32

Hanoi hopes to attract more Japanese investment

Many Japanese companies wish to invest in tourism, and the cooperation opportunities for Hanoi and Japanese businesses are promising if the two sides make good preparation, according to Minister of the Japanese Embassy in Hanoi Katsuro Nagai.

A new wave of Japanese investment is expected to pour into Vietnam in the coming time thanks to the Trans-Pacific Partnership (TPP) Agreement.
Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said Hanoi, an economic and trade hub in the north, is likely to be an attractive destination to foreign investors.
Lon suggested domestic business players proactively take full of the advantages of the preferential tariff as committed under TPP.
The country has tried its best efforts to improve the investment climate and management efficiency,
he noted.
The Hanoi's two-places leaping in the Provincial Competitiveness Index (PCI) shows clearly the city’s determination to attract more foreign investments, especially in tourism sector.

 
Illustrative image
Illustrative image
Minister of the Japanese Embassy in Hanoi, Katsuro Nagai, described the cooperation between Vietnamese and Japanese businesses through specific projects as a practical signal to promote bilateral strategic relations.
Japanese businesses want to invest in tourism apart from transport, Katsuro Nagai said.
The cooperation opportunities between Hanoi and Japanese businesses are promising if the two sides make good preparation, he added.
Saying about the investment ties between Hanoi and Japan, Chairman of Hanoi People’s Committee Nguyen Duc Chung confirmed that the city always treasures and hopes to expand cooperation with Japanese partners.
Hanoi will speed up administrative reform and synchronise its policies and institutions to support Japanese enterprises and build a friendly investment environment, the Chairman affirmed.
The Hanoi Promotion Centre on Trade, Investment and Tourism have introduced Japanese firms to the city’s tourism potential and called on them to invest in hi-tech and industrial parks in Hanoi, as well as some projects under the public-private partnership (PPP) form.