Lao Cai province calls for more Japanese investments

The conference features the handover of memoranda of understanding between Lao Cai and Japanese firms, as well as between Vietnamese and Japanese businesses. (Photo: VNA)

Tokyo (VNA) – The advantages and potentialof Vietnam’s northern border province of Lao Cai were introduced to Japanesefirms at an investment and tourism promotion conference in Tokyo on April 23.

Addressing the event, Ambassador Pham Quang Hieu stressedthat Japan’s investments in Vietnam have been on the rise over the past years, withover 74.4 billion USD poured into 5,304 projects as of March 2024, rankingthird among the 143 countries and territories investing in the Southeast Asiannation.

The diplomat expressed his belief that the conferencewill provide a panorama picture on Lao Cai, helping the locality attract moreJapanese investments.   

Chairman of the provincial People’s Committee TrinhXuan Truong briefed the participants on Lao Cai’s incentives to investors andcleared up questions raised by the Japanese enterprises.

Tsukada Manabu, Senior Director for Global Strategy(Southeast Asia) at the Japan External Trade Organisation (JETRO), highlightedLao Cai’s high growth rate as compared with others in the northern mountainousregion, saying apart from agriculture and tourism, the locality boastspotential for biomass power generation and border trade with China.  
                   
The conference featured the handover of memoranda ofunderstanding between Lao Cai and Japanese firms, as well as between Vietnameseand Japanese businesses./.

VNA