Representatives of Da Nang's Investment Support and Promotion Board and Gifu Shinkin bank sign the MoU (Photo: baodautu.vn) Da Nang (VNA) – The Da Nang Investment Support and Promotion Boardand Japan’s Gifu Shinkin bank have signed a Memorandum of Understanding (MoU)on cooperation, investment promotion for small- and medium-sized enterprisesfrom Japan in Da Nang city.
Gifu Shinkin, the largest bank in Gifu, Japan, has more than 156,000 customers,of which seven are Japanese enterprises in Da Nang.
Director of the city’s Investment Support and Promotion Board Le Canh Duongsaid this was the first MoU that the board had signed with a Japanese bank.
Japan is the biggest investor in Da Nang, with 113 projects worth 397.5 millionUSD – 10.78 percent of the accumulated foreign direct investment projects inthe city – creating 32,000 jobs.
Eighty-four percent of Japanese investment is focused on manufacturing, foodprocessing, construction and information technology, while healthcare, realestate, tourism and education have merged as new investment fields amongJapanese investors in recent years.-VNA
VNA
