Hanoi is set to draw in more direct investment from Japan through a project signed with Japan’s Forval Corporation on September 23.

Under the project that was outlined for 2013-2015, Hanoi will specify its targets, orientations, central sectors and fields, as well as projects that are likely to fit Japanese investors’ needs.

The city will also examine the situation and trends of Japanese investment in Vietnam and Hanoi in particular to tap potentials and opportunities that remain unexploited along with eliminating existing shortcomings in FDI attraction.

Measures to lure Japanese investment will also be included in the project, such as offering information assistance, improving access to land resources used for workshops, streamlining administrative procedures, workforce, and infrastructure.

A Forval executive said his corporation will consider this project as a model to be multiplied nationwide, helping tighten Vietnam – Japan relations.

At present, Japan is one of the strategic investors of great importance of Hanoi as it has pumped in 4.5 billion USD, accounting for 21.6 percent of total investment in the capital.-VNA