Japan rolls out red carpet for foreign investors

The Japan External Trade Organisation (JETRO) recently held a press conference in Hanoi, where it called for Vietnamese enterprises to do business in Japan, noting the country as an attractive destination for foreign investors.
Japan rolls out red carpet for foreign investors ảnh 1At the press conference held by JETRO.
(Photo: VNA)

Hanoi (VNA) – The Japan External Trade Organisation (JETRO)recently held a press conference in Hanoi, where it called for Vietnameseenterprises to do business in Japan, noting the country as an attractivedestination for foreign investors.

At the event, JETRO chief representative Hironobu Kitagawa said that Vietnameseenterprises have golden opportunities to invest in the land of the rising sun asthe two countries are increasing their cooperation.

Japanhas a favourable location, sound business climate and its largest everVietnamese population, all factors which will aid Vietnamese enterprises, hesaid.

He also mentioned Japan’s strengths for all foreign investors, including itsgrowing economy, large consumption market, innovation and safety.

Previously, luring foreign direct investment (FDI) was not a focus in Japan’spolicy. However, due to its development requirements, the nation is nowchanging its mind by forming special economic zones and preferential policies.

JETRO offers a programme to support Vietnamese businesses who wish to invest inJapan. After registration with JETRO, the companies will receive free consultingservices from the Invest Japan Business Support Centres (IBSC).

However, economic experts said that as Japan is a fastidious market whichdemands high quality products, Vietnamese businesses should thoroughly studythe investment environment and legal policies while attracting quality humanresources.

According to Nguyen Sy Hai, JETRO representative in Vietnam, Vietnam isoperating 1,253 projects worth 21.4 billion USD in 74 countries and territoriesworldwide.

Vietnamesebusinesses have made little inroads in Japan, running 49 projects valued atonly 7.5 million USD in the country.

Several Vietnamese companies have opened firms in Japan like FPT company andCMC corporation.-VNA

VNA

See more

Prime Minister Pham Minh Chinh (right) and Associate Vice-President of IFAD’s Department for Country Operations Donal Brown (Photo: VNA)

PM seeks IFAD’s support for Vietnam’s carbon credit market development

Highlighting the country's commitment to developing green and sustainable agriculture, PM Chinh requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Vietnam successfully carry out the one million hectares of low-emission, high-quality rice project.

At the discussion on "Revitalising and Unleasing Finance Strategy for Global Green Growth". (Photo: VNA)

Green growth – an irreversible global trend: P4G discussions

Ministerial discussions were held on April 17 within the framework of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, bringing together domestic and international officials to address critical aspects of sustainable development and green transition.

The first commercial vessel officially docks at Berths 3 and 4 at the Hai Phong International Gateway Port in the northern city of Hai Phong on April 16. (Photo: VNA)

First commercial ship docks at new berths in Hai Phong

The official launching of terminals marks Hai Phong Port’s regional leading ability in port operations and reaffirms Hai Phong Port JSC’s key role in the North. Once HTIT is fully operational, Hai Phong Port’s market share in container cargo in the region is expected to reach 40%, and 60% for non-container cargo in the Hai Phong area.

Containers of export goods at a port in Binh Duong province. (Photo: VNA)

Vietnam to develop trade defence early warning system

Part of a new Government decree, the early warning system aims to provide timely information to businesses and industry associations, enabling them to take preventive measures and prepare appropriate responses.