Vietnam pledges to create optimal conditions for Japanese investors

21-Sep-2019 Intellasia | VOV | 6:02 AM Print This Post

The Vietnamese government is committed to putting in place optimal conditions in which Japanese firms can invest and do business in the country, said Vietnamese Ambassador to Japan Vu Hong Nam during a seminar in Tokyo on September 19 aimed at enhancing trade links with the southern province of Dong Nai.

Ambassador Nam noted that Japan is regarded as one of Vietnam’s most important partners, with Japanese investment projects making a significant contribution to boosting the country’s socio-economic development and generating jobs.

The Vietnamese diplomat affirmed the government’s pledge to offer the best possible conditions for Japanese firms keen to invest in the country.

With the implementation of the Long Thanh international airport project and an effective investment attraction strategy in place, Dong Nai can become an attractive destination for foreign investors, especially those from Japan, Nam said.

During the seminar, Tran Van Vinh, vice Chair of the Dong Nai provincial People’s Committee, introduced the province’s development potential and investment attraction policies, highlighting the locality’s advantages such as a young population, a convenient transportation system, and fertile land.

Currently, more than 40 countries and territories have invested in Dong Nai, with Japan ranking third in terms of the number of projects and overall investment capital, said Vinh.

At present, Dong Nai has 1,420 valid investment projects with total investment of nearly $30 billion, including 259 Japanese investment projects worth $4.64 billion.

The province has paid special attention to the quality of capital inflows, and projects with a specific focus on eco-friendly industries.

According to statistics released by the Ministry of Planning and Investment, Japan ranked first among countries and territories investing in Vietnam in 2017 and 2018.

During the eight-month period, the far-eastern nation’s foreign direct investment (FDI) into Vietnam reached $58.2 billion, accounting for 17 per cent of the total FDI entering the country. Currently, more than 2,500 Japanese enterprises are doing business in Vietnam.


Category: Business, Vietnam

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