Hanoi offers promising investment opportunities for Japanese firms
Chairman of the Hanoi People’s Committee Nguyen Duc Chung speaks at the meeting on on March 23 (Photo: VNA)
Chairman of the Hanoi People’s
Committee Nguyen Duc Chung has assured Japanese businesses that the capital
city of Vietnam will be an attractive and successful investment, business and
tourism destination for them.
The municipal administration held a meeting on
investment and tourism promotion cooperation between Hanoi and Japan on March
The event, part of the Japanese culture exchange
festival marking the 45th founding anniversary of diplomatic ties, drew about
200 delegates representing local ministries and sectors, the Japanese Embassy,
and many Japanese businesses.
Hanoi authorities gave participants an overview
of the city’s investment and tourism cooperation with Japanese partners, along
with cooperation potential. They called for stronger investment in hi-tech
agriculture, health care, education and environment.
Chairman Chung said Hanoi’s administration
pledges to create the best possible conditions for Japanese investors and
Isao Iijima, a special advisor to the Japanese
Prime Minister, expressed his hope that cooperation between Vietnamese
businesses and Japanese firms with advanced technology will be enhanced.
Japan is the leading ODA provider for Hanoi when
it has pledged nearly 3 billion USD for 32 ODA-funded projects in the city. It
is also the second biggest foreign investor in Hanoi with over 950 projects
worth over 5.4 billion USD.
The Hanoi People’s Committee and the Japanese
Embassy held an investment promotion conference in June 2016. An array of
investment, trade and tourism promotion activities have been implemented since
then. As a result, there were 226 new investment projects of Japan with total
registered capital of 981 million USD in Hanoi in 2017.
At the meeting, Japanese agencies and businesses
inked many cooperation documents on investment, tourism, health care and
agriculture with Hanoi counterparts.-VNA