Hai Phong remains attractive destination for foreign businesses: JETRO
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 Organisation (JETRO) on June 15.
At the signing ceremony of memoranda of understanding on cooperation between Deep C Industrial Park and Japanese investors. (Photo: VNA)
Tokyo (VNA) – 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 Organisation (JETRO) on June 15.
𝓡 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 organised by the Hai Phong city People’s Committee, Vietnamese Embassy in Japan, JETRO and ASEAN-Japan Centre, the conference aimed tointroduce the city’s advantages, investmentopportunities and incentives for Japanese investors. It also formed part of activitiesto celebrate the 50th anniversary of diplomatic relationsbetween Vietnam and Japan. Speaking at theconference, Secretary of the Hai Phong Party Committee Le Tien Chau emphasisedthat 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 includingenvironment, education and training, health and agriculture, he said, attributing the city's achievements in socio-economic development to significant contributionsfrom the Japanese Government and investors.
Secretary of the Hai Phong Party Committee Le Tien Chau speaks at the event. (Photo: VNA)
Hai Phong is home to151 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 inthe number of projects and capital among 42 countries and territories investing in the locality.
The city pledges tocontinue improving its investment and business environment, focusing ondeveloping infrastructure and industrial parks to welcome investors, Chau affirmed.
ဣ Participants also witnessedthe signing ceremony of memoranda of understanding between Deep C IndustrialPark and Japanese investors TBM and IHI./.
Prime Minister Pham Minh Chinh thanked Japanese businesses for their sharing, accompanying and determination to run a long-term investment in Vietnam, especially in the context of the current difficulties and challenges, while attending a Vietnam-Japan business forum held in Hiroshima on May 21.
A mere 11% of the nearly 200,000 workers at industrial and economic zones across Hai Phong have high professional and technical qualifications, hence the northern port city’s enormous demand for a high-quality workforce between now and 2025.
Representatives from Hai Phong briefed Korean investors on the northern port city's potential, advantages, investment opportunities and incentives at a trade promotion conference in Seoul, the Republic of Korea (RoK), on June 12.
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At the signing ceremony of memoranda of understanding on cooperation between Deep C Industrial Park and Japanese investors. (Photo: VNA) 
Secretary of the Hai Phong Party Committee Le Tien Chau speaks at the event. (Photo: VNA) 
