Mar 24, 2018 / 17:16
Japanese businesses keen on Hai Phong's economic growth
Japanese businesses have become an important part of Hai Phong’s economy, stated Secretary of the municipal Party Committee Le Van Thanh at a conference to promote Japan’s investment and tourism in the northern port city on March 24.
Hai Phong's Tan Vu - Lach Huyen Bridge, Vietnam's longest cross-sea bridge
The Hai Phong Investment, Trade and Tourism Promotion Centre signed seven memoranda of understanding on cooperation with Japanese companies.
Speaking at the event, Japanese Ambassador to Vietnam Umeda Kunio highlighted the growth of ties between Japan and Hai Phong as reflected through several Vietnam – Japan trade pacts on major projects in the city.
Japanese technologies have been used in building the local Tan Vu bridge and port, he added.
Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said Hai Phong has convenient infrastructure and is active in institutional reform, saying they are plus points in attracting investors.
He said he expects 60 participating investors will promote the locality’s favourable business climate to their Japanese peers.
He stated attracting investment from Japan is a goal set by the Vietnamese government and Hai Phong authorities in particular.
As of February 2018, Japan had 134 FDI projects capitalised at 4.31 billion USD in Hai Phong, ranking first in volume and second in value.
Hai Phong’s tourism-culture cooperation with Japanese localities has also recorded upbeat outcomes, with frequent delegation exchanges, cultural exchanges, trade promotion events, and joint educational programmes.
- Vietnam Prime Minister approves three industrial parks
- Recruitment demand of foreign manufacturers surges in 2021
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
- Strong FDI brings gold for Vietnam’s industrial zone developers
- Foreign investment fuels industrial real estate in Vietnam
- Many foreign investors eye industrial property in Vietnam: JLL
- Vietnam - a fresh, attractive hub for South Korean auto parts manufacturers
- Bien Hoa Industrial Park to be turned into a commercial and service area
- Quang Ninh focuses on develop Van Don Special Administrative-Economic Zone
Vietnam calls for flexible adaptation to Covid-19 in ASEAN
Business matters a lot to ASEAN recovery plans: Vietnam
It's time to promote underground spaces for Hanoi of the future: experts
Vietnam in need of national strategy for veggie exports to EU
Vietnam donates Laos US$2 million for pandemic fight
Mao Bookstore - the oldest bookstore in Dinh Le Street
Vietnam’s biggest Covid-19 makeshift hospital to be closed
UN Security Council holds emergency meeting over North Korea
“Banana” millionaires along Hanoi’s Red River