A Toyota plant based in Vinh Phuc Province (Source: VNA)
Tokyo (VNA) – The northern province of Ha Nam called on Japanese enterprises to invest in its support industry during a conference in Japan’s Osaka city on October 11.

The conference attracted nearly 40 Japanese firms which are spare parts providers for Japanese Daikin air conditioner maker.

At the event, representatives from the Vietnamese Consulate General in Osaka provided updates on the socio-economic situation as well as preferential policies and incentives for foreign investors in Vietnam.

The country’s strategies and plans for the development of industry in general and the support industry in particular were also introduced along with business opportunities in various fields, especially support industry.

Meanwhile, Pham Sy Loi, Chairman of the Ha Nam People’s Council, introduced the local investment environment and industrial parks as well as the preferential policies that the province is giving to Japanese investors, especially those in support industry.

He pledged that Ha Nam will create the best favourable conditions for foreign and Japanese investors in policy, infrastructure and human resources.

Tsugio Takemura, an adviser of the Japan External Trade Organisation (JETRO), shared his assessment on Vietnam’s investment environment and hailed the Vietnamese Government and localities for their resolve to expand cooperation with Japan.

Representatives from Daikin and Fuji Groups, both of which are operating in Vietnam, held that the support industry is a promising cooperation area of Vietnam and Japan as well as a priority in Japanese firms’ investment strategies.

The firms also underscored the opportunities in Vietnam, especially in the context of the formation of the ASEAN Community and the country’s joining of regional agreements, including the Trans-Pacific Partnership and the Regional Comprehensive Economic Cooperation.

They also praised Vietnam’s efforts in adjusting and supplementing laws and regulations to create a more favourable and transparent environment for foreign investors in general and those from Japan in particular.

They expressed hope that the Vietnamese Government continue backing Japanese investors, especially in administrative procedure for investment licence granting, tax and customs.-VNA