Business

More incentives for Japanese investment

Deputy Minister of Planning and Investment Dao Quang Thu has affirmed that there will be more incentives to assist Japanese businesses to invest in Vietnam.
Deputy Minister of Planning and Investment Dao Quang Thu has affirmedthat there will be more incentives to assist Japanese businesses toinvest in Vietnam.

At a working session withChairman of the Japan Chamber of Commerce and Industry Tadashi Okamurain Hanoi on Sept. 25, Thu said the Vietnamese Government isinterested in attracting foreign investment with focus on devisingpolicies to lure investors and provide human resources.

The government has also prioritised training human resources for ruralareas, industrial and export processing zones and other trainingprogrammes, he said, adding that Vietnam also encourages investmentin vocational training establishments as well as small- and medium-sizedenterprises (SMEs).

Meanwhile, head of the ForeignInvestment Department Do Nhat Hoang said the Vietnamese Government willassist Japanese SMEs in tax, land and human resources training.

Vietnam will amend the laws on land and investment to facilitate investors, he added.

Japanese businesses said Vietnam has advantages in geographicalposition to develop logistics and goods transport. Deputy GeneralDirector of Nipon Express company said his company wants to invest inVietnam to develop logistics service.

On theoccasion, Minister of Planning and Investment Bui Quang Vinh andChairman Okamura signed a memorandum of understanding on cooperation ininvestment promotion.-VNA
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