Phu Tho province calls for more Japanese investments

Tokyo (VNA) – The northern province of Phu Tho hopes Japanese businesses will continue expanding investments in the Vietnamese locality and commits to creating favourbale conditions for their operation.

Chairman of the provincial People’s Committee Bui Minh Chau made the remarks at a conference in Tokyo on April 12 to promote Japanese investments in Phu Tho.

The event was jointly held by the Vietnamese Embassy in Japan, the Japan External Trade Organisation (JETRO), and the ASEAN-Japan Centre, with the participation of representatives of over 50 Japanese businesses and investors.

Chau highlighted the province’s advantages such as its proximity to Hanoi’s Noi Bai International Airport as well as the modern and synchronous port system and socio-economic infrastructure.

The province has great potential in manufacturing, assembling industry, construction material production, hi-tech agriculture and forestry, he said.

There is also a large room in tourism development as Phu Tho is home to two world cultural heritage recognised by UNESCO, which are the worshipping of Hung Kings and the traditional “xoan” singing, he added.

The chairman noted that Japanese firms are running seven projects worth nearly 40 million USD in the province, mainly in the fields of wood processing, garment-textiles and footwear.

Vietnamese Ambassador to Japan Nguyen Quoc Cuong said relations between the two countries are at the best stage and thriving in all spheres, particularly economy, trade and investment.

Apart from big companies, small-and medium-sized enterprises from Japan are increasing investments in Vietnam, he said, noting that 1,800 Japanese businesses have registered to partake in the Japan Business Association in Vietnam, making it the largest association of its kind in the world.

The ambassador hoped through the conference Japanese enterprises will choose Phu Tho as a reliable investment destination.-VNA