At the signing ceremony (Source: VNA) Vinh Phuc (VNA)– Japan’s Mizuho Bank has signed a Memorandum of Understanding with the northernprovince of Vinh Phuc on cooperation in boosting Japanese investment in thelocality.
Under the agreement,which was signed in Vinh Phuc on March 7, the provincial People’s Committeewill create all favourable conditions for Mizuho business customers to makeinvestment in the province.
Local authorities will enable the Japanese bankto join investment promotion events to seek partners and promote its productsand services.
Meanwhile, Mizuho will send experts to Vinh Phucto offer advice on financial and banking services to support investors ifrequested.
The bank will support the provincial People’sCommittee in hosting activities to promote investment.
Speaking at the signing ceremony, Vice Chairmanof the provincial People’s Committee Vu Viet Van said the province has seenstrong socio-economic development in recent years thanks to significantcontributions by foreign invested firms, including those from Japan.
As of February 2018, the province counted 278foreign direct investment (FDI) projects worth over 4 billion USD from 15countries and territories. Japan ranked second with 31 projects with registeredcapital of 816 million USD and led in business-production efficiency, he noted.
Major Japanese groups investing in Vinh Phuc suchas Toyota Vietnam and Honda Vietnam have seen effective operations with theapplication of modern science technology to create highly competitive products.
Vinh Phuc and other Japanese localities held alot of investment cooperation activities and cultural exchanges, Van said,adding that he hopes Mizuho Bank will host more promotion activities andsupport Japanese businesses in investing in the province.
Seiji Imai, a representative from the bank, saidMizuho wants to expand its operation and provide the best services tocustomers.
In the coming time, the bank will introduce theinvestment environment in Vietnam and Vinh Phuc in particular to Japaneseenterprises as well as provide financial assistance for firms to operateeffectively in Vietnam, he added.-VNA
