Japan’s Tokyo Mitsubishi UFJ Bank will help the southern province of Dong Nai in investment promotion, focusing on exchanging information and organising seminars and meetings with Japanese investors.

Their cooperation plans were re-established during a January 20 working session between Mai Van Nhon, deputy head of the provincial Industrial Parks Management Board, and Hideki Nakamura, Managing Director of the bank’s Global Business Division.

The two sides agreed to exchange information on policies and laws that investors need to know about as well as investment proposals.

Together they will promote activities reflecting the close relations between Dong Nai and Japan in general and the bank in particular.

Nhon expressed his wish that in addition to investment in industry, the Japanese side will pay attention to hi-tech agricultural projects licensed by the Vietnamese Government.

The two sides plan to jointly hold a seminar with Japanese investors this November.

At present, Dong Nai has over 1,360 licensed foreign investment projects with a total registered capital of 23.6 billion USD. Of this number, 167 projects worth 3.1 billion USD are invested by Japanese businesses, ranking them fourth among 40 countries and territories injecting money into the locality.-VNA