Secretary of the Party Committee of Hanoi Dinh Tien Dung on March 23 hosted a reception for Japanese Ambassador to Vietnam Yamada Takio and representatives of the Sumitomo Corporation of Japan and Vietnam's BRG Group to review the implementation of a smart city project in the northern area of Hanoi.
Secretary of the Da Nang Party Committee Nguyen Van Quang and Chairman of the municipal People’s Committee Le Trung Chinh hosted a reception for leaders of the BRG Group and Sumitomo Corporation Vietnam on December 21.
The northern province of Hung Yen will cooperate with Japan's Sumitomo Corporation in the implementation of the third phase of Thang Long Industrial Park II expansion project under a memorandum of understanding exchanged on November 25 within the framework of the official visit to Japan by Prime Minister Pham Minh Chinh.
Hanoi has been working to enhance administrative reform and address difficulties in an effort to create an optimal investment climate for investors, Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
Chairman of the Hanoi municipal People’s Committee Nguyen Duc Chung has affirmed that Hanoi always provides all possible support for foreign investors and those from Japan in particular.
The northern province of Hung Yen will spare no efforts to turn it into the optimal investment destination for Japanese investors, Chairman of the provincial People’s Committee Nguyen Van Phong said on September 27.
Japan’s Sumitomo Corporation will spend 19 billion JPY (177 million USD) to expand two industrial parks in Vietnam in order to serve businesses shifting production away from China to avoid the trade war.
Japanese-based Sumitomo Corporation has teamed up with logistics company Suzuyo and a Japanese public-private fund to take a 10 percent stake in Vietnam’s Gemadept SJC, which engages in the port operation and logistics business.
Japan’s Sumitomo Corporation, in collaboration with the Thang Long-Vinh Phuc Industrial Park Co.,ltd, inaugurated the first phase of its third Thang Long Industrial Park (TLIP III) in Thien Ke commune, Binh Xuyen district, the northern province of Vinh Phuc on November 8.
Hanoi lured more than 6.17 billion USD in foreign direct investment (FDI) in the first seven months of 2018, making it the leading FDI attractor of the country, accounting for 26.9 percent of total FDI commitments in the period.
The Hanoi People’s Committee, BRG Group and Japan’s Sumitomo Corporation signed a cooperation agreement on developing Nhat Tan-Noi Bai urban project with total investment of more than 4 billion USD, aiming to build the most modern smart city of Southeast Asia in the north of Hanoi.
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