Japan keen to invest in Vietnam’s support industries
Japanese enterprises consider Vietnam’s support industries a prime opportunity for their investment.
Japanese enterprises consider Vietnam’s support industries a prime opportunity for their investment.
Japanese Consul General in Ho Chi Minh City, Nakajima Satoshi, announced this in a seminar in the city on October 30 with the objective of fostering links between enterprises in Japan’s Ehime prefecture and Vietnam.
During the event, Joko Toshifumi, Deputy Governor of Ehime prefecture, briefed the host on the locality’s socio-economic development.
The Japanese official also introduced the potential of local enterprises in the fields of chemicals, non-steel metals, electronics, machines, textiles and garments, adding that they were looking for investment opportunities in Vietnam.
Head of the Management Board of the HCM City Export Processing and Industrial Zone Authority (Hepza) Vu Van Hoa highlighted the zone’s incentives for international firms in general and Japanese firms in particular to invest in the city, especially in the key sectors of electronics and information technology, mechanical engineering, chemicals, and food processing.
On the occasion, Hepza and the Ehime association of small- and medium-sized enterprises signed a memorandum of understanding on cooperation on the support industries.
According to Hepza, the city is now home to 16 industrial and processing zones, attracting 1,314 projects with a total investment capital of 9 billion USD, including 528 foreign direct investment (FDI) projects worth 5 billion USD. Japan is the biggest investor in Hepza with 116 projects and investments of more than 1.3 billion USD.-VNA
Japanese Consul General in Ho Chi Minh City, Nakajima Satoshi, announced this in a seminar in the city on October 30 with the objective of fostering links between enterprises in Japan’s Ehime prefecture and Vietnam.
During the event, Joko Toshifumi, Deputy Governor of Ehime prefecture, briefed the host on the locality’s socio-economic development.
The Japanese official also introduced the potential of local enterprises in the fields of chemicals, non-steel metals, electronics, machines, textiles and garments, adding that they were looking for investment opportunities in Vietnam.
Head of the Management Board of the HCM City Export Processing and Industrial Zone Authority (Hepza) Vu Van Hoa highlighted the zone’s incentives for international firms in general and Japanese firms in particular to invest in the city, especially in the key sectors of electronics and information technology, mechanical engineering, chemicals, and food processing.
On the occasion, Hepza and the Ehime association of small- and medium-sized enterprises signed a memorandum of understanding on cooperation on the support industries.
According to Hepza, the city is now home to 16 industrial and processing zones, attracting 1,314 projects with a total investment capital of 9 billion USD, including 528 foreign direct investment (FDI) projects worth 5 billion USD. Japan is the biggest investor in Hepza with 116 projects and investments of more than 1.3 billion USD.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Business
Remittance inflows expected to quench real estate sector’s thirst for capital: Experts
Amid a “thirst” for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.
Business
Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
