Dong Nai pledges to create a favourable business climate for Japanese companies, said Nguyen Phu Cuong, Deputy Chairman of the provincial People’s Committee.

He made the remarks during a meeting on June 12 with a Japanese delegation led by the President of the Japanese Business Association in Ho Chi Minh City (JBAH) Tsutomu Sakagami.

Cuong said the province encourages foreign businesses to invest in high-tech agriculture, real estate, and tourism.

Dong Nai is currently home to about 1,500 FDI projects, worth more than 27 billion USD. Of which, Japan has nearly 200 enterprises with a total capital of over 4 billion USD.

For his part, Tsutomu Sakagami highlighted Dong Nai’s potential in attracting investment in agriculture and industry, saying Japanese businesses will invest in the province in order to welcome the Trans-Pacific Partnership (TPP).

Dong Nai has recently received a number of Japanese businesses who wish to invest in the province.

On June 3, a delegation of Japanese enterprises from Nagoya region, led by Hiroyasu Naito, Vice Chairman of Nagoya Chamber of Commerce & Industry (NCCI) and President of Rinnai Corp, embarked on a fact-finding mission to Dong Nai in order to seek investment opportunities in the province.

Earlier, the province and the Bureau of Economy, Trade and Industry of Japan’s Kansai region signed an economic cooperation framework agreement, with a focus on links in support industry.-VNA