Ho Chi Minh City is willing to create favourable conditions for Japanese investors to do business and seek cooperation opportunities in the city.

This was stressed by Chairman of the municipal People’s Committee Le Hoang Quan while receiving Vice President of the International Friendship Exchange Council of Japan (FEC) Nakagaki Yoshihilo, who is leading a delegation of Japanese businesses to Vietnam.

Quan highlighted the visit as a significant event which contributes to further promoting bilateral cooperation in a wide range of fields, especially in trade and economics.

He noted that there are over 600 Japanese businesspeople investing in Vietnam’s southern economic hub with a total capital of more than 2.9 billion USD.

Informing the guest of local investment policies, Quan said the Vietnam-Japan industrial park is being built on an area of over 100 hectares.

Yoshihiko hailed the city’s achievements over the past time which, he said, demonstrate its will to restore and sustain local economic growth, thus gaining high confidence from foreign investors.

He said he was impressed by Vietnam’s policies of developing economics, industry, trade and investment, adding that he believes the active cooperation among and support from businesses of both countries will help promote the sound relationship between Vietnam and Japan.-VNA