The northern port city of Hai Phong will continue to be an attractive destination for foreign investors, said Vice President Aoyama Shigetoshi of the Japan External Trade Organization (JETRO) on June 15.
At the signing ceremony of memoranda of understanding on cooperation between Deep C Industrial Park and Japanese investors. (Photo: VNA)
Hai Phong is one of the leading localities in attracting investment from Japan, with advantages such as improved infrastructure and business environment, and investment incentives, he said at the Hai Phong-Japan Investment Promotion Conference in Tokyo. The event attracted the participation of over 150 Japanese businesses and investors. Jointly organized by the Hai Phong city People’s Committee, Vietnamese Embassy in Japan, JETRO and ASEAN-Japan Centre, aimed to introduce the city’s advantages, investment opportunities and incentives for Japanese investors. It also formed part of activities to celebrate the 50th anniversary of diplomatic relations between Vietnam and Japan. Speaking at the conference, Secretary of the Hai Phong Party Committee Le Tien Chau emphasized that Japan is an important, reliable and strategic partner of Vietnam. For Hai Phong city, Japan has become one of its important partners in many fields including environment, education and training, health and agriculture, he said, attributing the city's achievements in socio-economic development to significant contributions from the Japanese Government and investors. Hai Phong is home to 151 projects with a total investment capital of 5.23 billion USD. Of which, 44 projects worth 1.5 billion USD are in the Japan-Hai Phong Industrial Zone. Japan ranks second in the number of projects and capital among 42 countries and territories investing in the locality. The city pledges to continue improving its investment and business environment, focusing on developing infrastructure and industrial parks to welcome investors, Chau affirmed. Participants also witnessed the signing ceremony of memoranda of understanding between Deep C Industrial Park and Japanese investors TBM and IHI.