Japanese investors have poured 1.04 billion USD into 228 projects in Da Nang torank first in the list of 40 foreign direct investment (FDI) sources in thecity.
Secretary of the city Party Committee Nguyen Van Quang also urged SumitomoGroup to foster investment plans in Da Nang after Sumitomo Corporation Vietnamand local partner BRG Group began implementing pre-feasibility surveys oninfrastructure development of seaports, airports and industrial parks.
During the investment promotion tour in Japan last week, local Thanh Dat Groupinked the Memoranda of Understanding (MoUs) with Japanese partners includingMagos company (under Metran Group), Heisei medical welfare group, andMinatomirai Group in launching healthcare for elderly and rehabilitation andbeauty care service in the city.
Nakagawa Tetsuyuki, general director of Aeon Mall Vietnam, said the group hasbuilt six trading centres in HCM City, Binh Duong, Hai Phong, Hanoi and ThuaThien-Hue, and Da Nang would be the next destination for a new trading centre.
A Japanese technology company, Pasona Tech Vietnam, has been building anInformation Technology (IT) LAB in Da Nang for training human resources indigital transformation needs, and the LAB would open in the second quarter ofthis year.
Earlier, Pasona had set up its Awaji Da Nang centre in Awaji, Japan in boostingIT manpower education and training.
Mikazuki Hotel Group of Japan was seen as one of the successful investmentprojects in Da Nang in 2022-23 when it officially opened the 3.9 trillion VND (168.16million USD) Da Nang Mikazuki Resort&Spa after overcoming difficulties dueto the COVID-19 pandemic.
Fujikin International Incorporated from Japan also introduced an R&D centreat Da Nang High-Tech Park at a cost of 35 million USD.
Tokyo Keiki Precision Technology Inc and Niwa Foundry from Japanhad already operated factories at Đà Nẵng hi-tech park.
Japanese Daiwa Vietnam Company began building its third factory in the city’sHoa Khanh Industrial Zone with an investment of 40 million USD, bringing itsinvestment in Da Nang to 90 million USD in 2005-20.
Da Nang had inked friendships and cooperation deals with Kisarazu, Kawasaki,Sakai and Yokohama, and the city has hosted the annual Vietnam-Japan culturalExchange Day since 2014.
Vietnam Airlines has resumed its direct air route from Narita, Tokyo and DaNang, boosting tourism and investment from Japan to central Vietnam.
Japan promoted its Consulate Office in Da Nang city to General Consulate just ayear after it was founded to boost ties between Japan and the central city.
The first Japanese language studies and culture research faculty in the centraland Central Highlands region was set up at the city’s Dong A University.
Eight cities in Japan including Yokohama, Maebashi, Chiba,Fukuoka, Shizuoka and Nagasaki and more than 80 businesses from Japan haveinked agreements on the recruitment of students from central Vietnam to workand study in Japan.
The city’s party secretary, Quang said successful investment projects fromJapan would mark the 50th anniversary of Vietnam-Japan diplomatic ties,boosting friendly diplomatic ties between the two nations as well as Da Nang andcities of Japan.
The investment promotion tour in Japan followed the city’s events seeking investmentopportunities organised in the United Arabia of Emirates and Qatar lastmonth./.