Japanese companies seek to develop projects in Hai Duong

The Ebara Vietnam Pump Company's factory in Hai Duong. (Source: Internet)

Hai Duong (VNA) – A number of active and technology-driven Japanese companies met with local businesses in northern Hai Duong province on November 27 to seek to establish partnerships for new projects.

The Japanese companies mainly operate in industry, the environment, agriculture, and infrastructure construction. They visited Hai Duong province as part a Japanese investment promotion programme.

Minoru Maki, representative of the Kyushu region’s Agency for Trade and Investment Promotion under the Ministry of Economy , Trade and Industry, said the Japanese companies expect cooperation opportunities in the province.

Hidenori Yasaki, President of Yasaki Company specialising in agricultural products and microbiological liquid fertiliser, said Vietnam has a large agricultural market but paid little attention to safety and food hygiene.

Yasaki is willing to build factories in Vietnam to help Vietnamese consumers access hi-tech and safe products, he said.

Japanese investors have pumped 1.1 billion USD in 60 projects on manufacturing; electronic component assembling; mechanic spare parts; telecommunication equipment; moulding; automobile electric wire and cable in Hai Duong.

The capital figure ranked Japan second out of 24 countries and territories investing in the province.

Japanese companies’ disbursed capital makes up 80 percent of the province’s disbursed capital, the highest rate among foreign investors in the province.-VNA