Business

Japanese firms step up win-win cooperation with HCM City partners

The Japanese Chamber of Commerce and Industry in Ho Chi Minh City (JCCH) will actively collaborate with businesses in Vietnam’s southern economic hub for mutual long-term benefits and development.
Japanese firms step up win-win cooperation with HCM City partners ảnh 1Vice Chairman of the HCM City People’s Committee Huynh Cach Mang (R) presents a souvenir to JCCH Chairman Kadowaki Keiichi (Photo: VNA)

HCM City (VNA) – The Japanese Chamber ofCommerce and Industry in Ho Chi Minh City (JCCH) will actively collaborate withbusinesses in Vietnam’s southern economic hub for mutual long-term benefits anddevelopment.

JCCH Chairman Kadowaki Keiichi made the statementat a working session with Vice Chairman of the municipal People’s CommitteeHuynh Cach Mang in the city on May 22.

He said the Japanese business communityrecognised the city’s reform efforts to its improve business environment overthe past time.

The city has helped businesses removedifficulties relating to administrative procedures, taxation and customs, hesaid.

According to the Japan External TradeOrganisation (JETRO), Vietnam is one of the countries in Southeast Asia thatJapanese enterprises want to expand operation.

In the coming time, the JCCH will host morebusiness forums and trade-investment exchanges with businesses in HCM City, hesaid.

Mang said the effective operation of the JCCHhas contributed to the city’s economic development and deepening the strategicpartnership between Vietnam and Japan.

As of February 2018, Japan had 1,149 validprojects worth 3.96 billion USD in HCM City, ranking sixth among countries andterritories investing in the southern economic hub. Trade between Japan and HCMcity reached 5.1 billion USD in 2017.

HCM City hopes foreign enterprises, includingthose from Japan, will make long-term investments in the city as well as boosttransfer of technology, human resources training and share experience inbusiness administration, Mang said.

Local authorities will create the best policymechanism for businesses to operate effectively in the city, he asserted.-VNA

VNA
#Japanese Chamber of Commerce and Industry in Ho Chi Minh City (JCCH) #mutual long-term benefits #reforms #improve business environment #administrative procedures #taxation #Japan External Trade Organisation (JETRO) #Vietnamplus #Vietnam News Agency Japan Vietnam
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