HCM City calls for Japan’s investment in environment industry

HCM City (VNA) – Ho Chi Minh City has asked the Japanese International Friendship Exchange Council (FEC) to help the city connect with Japanese investors with experience in the environment industry to address local pressing issues.

Vice Chairman of the HCM City People’s Committee Le Thanh Liem made the suggestion at a reception for FEC President Yoshihiko Nakagaki in the city on October 6.

Liem highlighted the growing relationship between HCM City and Japan over the past years, particularly in trade and investment exchange, adding that Japan is the fourth biggest foreign investors in the city, and its third largest trade partner.

He suggested FEC conduct more people-to-people exchanges between Japan and the city in 2018 on the occasion of the 45th anniversary of the Vietnam – Japan diplomatic ties, thus contributing to fostering the comprehensive partnership between the two nations.

For his part, the FEC President spoke highly of Vietnam’s role in the Association of Southeast Asian Nations (ASEAN), saying that the country has witnessed all-around development, and Ho Chi Minh City, with its dynamic and strong growth, is the driving force for the southern region.

He noted that like HCM City, many Japanese localities also faced challenges in urban development, population increase and traffic jam, adding that experienced Japanese firms are willing to cooperate with the city in addressing the issues related to environmental pollution, green urban building, and sustainable development.

During the event, FEC delegates and the municipal authorities discussed the use of Japanese investment in the city in socio-economic development programmes and cooperation in renewable energy development.-VNA