Business

Japan’s Hamamatsu City promotes investments in Vietnam

The Ministry of Planning and Investment and the Japanese City Hamamatsu signed a memorandum of understanding that will look to reel in more investments from Hamamatsu into Vietnam.
The Ministry of Planning and Investment and the Japanese City Hamamatsusigned a memorandum of understanding that will look to reel in moreinvestments from Hamamatsu into Vietnam.

The document was inkedby Deputy Minister of Planning and Investment Nguyen Van Trung andHamamatsu’s Mayor Yasutomo Suzuki in Hanoi, on December 15.

Under the pact, both sides agreed to create favourable conditions andprovide available information for their businesses, particularly thoseoperating in the support industry.

They will work together inorganising conferences and delegation visits to seek investments orestablishing business support centres to aid enterprises’ search forpartnerships and investment opportunities.

Addressing thesigning ceremony, Minister of Planning and Investment Bui Quang Vinhstated that Vietnam always gives high estimations to Japanese investorsand comes up with the most possible conditions for their projects in thecountry to run productively.

The Hamamatsu Mayor expressed hisbelief that the cooperation will bring a lot of benefits, pledging tofacilitate investments by his city’s businessmen in Vietnam.

Located in western Shizuoka Prefecture, Hamamatsu made a GDP of 28billion USD in 2013. It holds vast potential for the support industry,the manufacture of musical instruments, and the garment and textilesindustry.-VNA
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