The company has four factories in Japan and plans to expand its production of rubber components to Vietnam, Director Goda Kengo said, adding that Ha Nam boasts good policy to attract investment, especially from Japanese businesses. The locality also has a favourable geographical location and trade exchange with Hanoi, as well as with neighbouring cities and provinces. Therefore, the Japanese company is determined to build a factory there, he confirmed.
Japanese firms can invest in Ha Nam to take advantage of tariff incentives, abundant natural resources and cheap labour. With their advantages in technology and market access in Vietnam, Japanese businesses can invest in making agricultural machinery, fertilisers and pesticides. They can also look at support industries like packaging, preservation equipment, glass and net houses, and processing.
Vice Chairman of the provincial People’s Committee Vu Dai Thang said authorities plan to arrange an area of 6,000 square metres at Dong Van I Industrial Park in Duy Tien district for the company to build its factory. He noted that the location has a good transport network and the necessary infrastructure, with scores of Japanese firms investing and operating effectively.
Local authorities pledged to create the best conditions for the company, as committed to for foreign investors, specifically handing over land for building accommodation for workers, exempting land lease costs during the first two years of investment, and granting a 50-year operating licence.
Goda Kengo hailed the local policies and hopes the province will facilitate the company’s investment. Representatives from the Japanese Agency for Small- and Medium-sized Enterprises (SMEs) Support Mitsunori Kawahara underlined Vietnam’s potential for Japanese SMEs, particularly in the support industry.
Representatives from the host enterprises expressed hope that the Government of Vietnam will continue promoting administrative procedure reform and creating a favourable climate for Japanese investors in the coming time.
To boost such investment flows, Ha Nam authorities should provide policy support for investors to resolve difficulties, develop land funds and build infrastructure, local governments should be more proactive in supporting businesses. The country should focus on fostering small and medium-sized enterprises which can cooperate with Japanese companies in production, processing and distribution.
