The Investment Promotion Centre under the Hanoi Department ofPlanning and Investment and Forval Vietnam recently launched theJapan Desk to assist Japanese investors in the city.
The desk will focus on eight main activities, such as providinginformation on the investment environment in Hanoi , introducingpartners for investment and solving the difficulties faced by Japanesefirms in the city.
Talking with Dien Dan Doanh Nghiep(Enterprise Forum) newspaper, Masahiro Ariga, chairman of ForvalVietnam , said that small- and medium-sized enterprises in Japan aretending to make investments abroad, including Vietnam .
"Only Vietnamese agencies such as the Hanoi Department of Planning andInvestment can provide useful information on Vietnam and the contactpoints for Japanese firms.
“I think this is verynecessary for the investors in Vietnam . Therefore, I do not thinkthat the Japan Desk has come into operation late. I think it isessential to assist Japanese enterprises for a long time," he said.
Japan is the biggest of 101 countries and territories that haveinvested in Vietnam as of last month with cumulative investment of35.4 billion USD in more than 2,230 projects, according to the ForeignInvestment Agency.
The average capital of Japanese projects is also the highest at 15.8 million USD.
While Japanese investors have a presence in most sectors, manufacturingand processing account for a lion's share of their investments atnearly 30 billion USD. It is followed by property at $1.4 billion andconstruction at 1.05 billion USD.
Central Thanh Hoaprovince topped investment destinations with total capital of 9.67billion USD, followed by southern Binh Duong with 4.18 billion, andHanoi with 3.86 billion.-VNA