Japanese enterprises consider Vietnam’s support industries a prime opportunity for their investment.

Japanese Consul General in Ho Chi Minh City, Nakajima Satoshi, announced this in a seminar in the city on October 30 with the objective of fostering links between enterprises in Japan’s Ehime prefecture and Vietnam.

During the event, Joko Toshifumi, Deputy Governor of Ehime prefecture, briefed the host on the locality’s socio-economic development.

The Japanese official also introduced the potential of local enterprises in the fields of chemicals, non-steel metals, electronics, machines, textiles and garments, adding that they were looking for investment opportunities in Vietnam.

Head of the Management Board of the HCM City Export Processing and Industrial Zone Authority (Hepza) Vu Van Hoa highlighted the zone’s incentives for international firms in general and Japanese firms in particular to invest in the city, especially in the key sectors of electronics and information technology, mechanical engineering, chemicals, and food processing.

On the occasion, Hepza and the Ehime association of small- and medium-sized enterprises signed a memorandum of understanding on cooperation on the support industries.

According to Hepza, the city is now home to 16 industrial and processing zones, attracting 1,314 projects with a total investment capital of 9 billion USD, including 528 foreign direct investment (FDI) projects worth 5 billion USD. Japan is the biggest investor in Hepza with 116 projects and investments of more than 1.3 billion USD.-VNA