Vinh Phuc seeks investment at Tokyo seminar

Tokyo (VNA) – A seminar was held in Tokyo on March 28 to attract investments to the northern province of Vinh Phuc, seeing the participation of more than 120 big firms.

Speaking at the event, Secretary of the provincial Party Committee Hoang Thi Thuy Lan said with an annual average growth of over 15 percent and its top ranking in the country’s provincial competitiveness, Vinh Phuc has become a destination for major investors from numerous countries worldwide.

As of late February 2016, the province lured as many as 234 foreign-invested projects worth 3.6 billion USD from 15 countries worldwide. Japan ranked third in the number of projects and total investment in Vietnam but was placed first in terms of capital disbursement.

Vinh Phuc calls on Japanese investors to get involved in industry, urban development, services, agriculture and infrastructure, she said.

Vietnamese Ambassador to Japan Nguyen Quoc Cuong highlighted stability, young population and investment incentives as a magnet for foreign investments to Vietnam.

He also mentioned to Vinh Phuc as a major economic zone in the north and a gateway to the capital city of Hanoi.

According to Director of the Asia-Pacific Division under the Japanese Ministry of Economy, Trade and Industry Yasushi Iwata, Vietnam in general and Vinh Phuc in particular is a promising destination for Japanese investors.

He expressed thanks to Vinh Phuc authorities for offering business incentives to Japanese enterprises, thus lifting bilateral ties over the past years.

In an interview granted to Vietnam News Agency, Deputy Director of the provincial Department of Planning and Investment Nguyen Duc Tai said the event provides a platform for investors and provincial authorities to discuss and answer questions, laying a groundwork for their investment decisions.-VNA