A workshop to introduce Vietnam’s investment environment to Japanese investors was held in Tokyo on Nov. 9, attracting 200 local representatives.

Deputy Minister of Planning and Investment Nguyen The Phuong highlighted the socio-economic achievements Vietnam has made since the beginning of the renewal process which have turned the country into a foreign investment attraction, with high appreciation from international investors and financial institutions.

He also underlined Vietnam’s potential in oil and gas exploration, mining and tourism as well as its high demand for infrastructure development, which will offer chances for foreign investors, especially those from Japan .

Deputy Minister Phuong spoke highly of Japanese investors’ business in Vietnam, revealing that over the past 20 years, Japanese enterprises have invested in 1,258 projects worth 20.5 billion USD, ranking third among foreign economies investing in Vietnam .

Head of the Foreign Investment Agency Do Nhat Hoang introduced Vietnam’s investment encouragement policies, investment procedures and incentives for foreign investors.

He encouraged Japanese investors to pour funds into Vietnam’s top priorities such as hi-tech, energy saving, agro-forestry-fishery production and processing, infrastructure, and education and information technology, affirming that the investment cost in Vietnam was lower than in many other economies of the same level.

Director of Kirin Beverage Fumiaki Furuya told the workshop about his experiences of doing business in Vietnam .

Vietnam’s stable politics, low-cost production, increasing demand and young and studious human resources made him decide to invest in the country, he said.

A representative from Binh Duong province called for more Japanese investors to invest in infrastructure, education and training and hi-tech in the province, which offers convenient infrastructure, location and investment procedures./.