Thai Binh province wide open to Japanese investors: official

Thai Binh officials and representatives of Japanese organisations and enterprises in a group photo at the conference in Tokyo on April 21. (Photo: VNA)

Tokyo (VNA) – The People’s Committee of Thai Binh province and the Vietnamese Embassy in Japan held a conference in Tokyo on April 21 to invite Japanese investment to the northern locality of Vietnam.

Addressing over 100 representatives of Japanese organisations and enterprises, Vice Chairman of the Thai Binh People’s Committee Lai Van Hoan introduced the strengths of his province, such as its favourable geographical location, an abundant workforce, a large land reserve for industrial development, and one of the highest growth rates in Vietnam.

He noted Japanese enterprises are strong in the fields which Thai Binh prioritises such as support industries, electronics, manufacturing, tourism, hi-tech agriculture, and pharmaceutical production.

Given this, it has and will always keep its door wide open to Japanese investors as it has confidence in and highly values their investment, scientific, and technological capabilities, as well as their production and business effectiveness, the official went on.

Vice Chairman of the Thai Binh People’s Committee Lai Van Hoan speaks at the conference. (Photo: VNA)

Nguyen Duc Minh, Chargé d’affaires a.i. of the Vietnamese Embassy in Japan, affirmed that the Japanese investment flow into Vietnam has substantially contributed to local sustainability-oriented socioeconomic development. Many businesses from the Northeast Asian country have applied high technology to make prestigious products, helping replace imported items, increased exports, promoted growth, and raised Vietnam’s stature in the world.

In his remarks, Tanabe Michihiro, an expert from the ASEAN - Japan Centre, held that Thai Binh boasts much potential for developing agriculture, farm produce processing, and supporting industries.

He said he hopes the conference would be a catalyst for bilateral investment activities.

At the event, Thai Binh officials presented the province’s potential, policies on foreign investment attraction, and some outstanding industrial parks. They also fielded Japanese firms’ questions about investment policies and licensing procedures.

The two sides also witnessed the exchange of memoranda of understanding between the Viglacera Corporation and its Japanese consulting partner, and between the ThaiBinh Seed Group and the Satake Group of Japan./.

VNA