Japan-Vietnam business conference underway in Hai Phong
A business conference took place at the Japan-Hai Phong industrial park (previously called Nomura-Hai Phong) in the northern coastal city of Hai Phong on February 16.
A representative of participating firms speaks at the event. (Photo: VNA)
Hai Phong (VNA) – A business conference tookplace at the Japan-Hai Phong industrial park (previously called Nomura-HaiPhong) in the northern coastal city of Hai Phong on February 16.
The event gathered more than 50 Japanese enterprisesoperating at the park, with participating firms voicing concerns over local issues such as traffic bottlenecks at the IP and the Hai Phong port, as well as the need for support in legal procedures and land-related issues.
In response, head of the management board of the Hai PhongEconomic Zone Authority (HEZA), Le Trung Kien, offered solutions to obstacles facing the businesses.Suitable assistance will come from related agencies and sectors serving thebuilding of a friendly and transparent business climate, he added.
He informed the participants on activities the city has plannedto celebrate the 50th anniversary of the countries’ diplomatic ties (September21, 1973 – 2023), with the business conference the first event.
Kien suggested the Japan – Hai Phong Industrial Zone DevelopmentCorporation and Japanese investors and companies at the zone maintain theirrole in connecting the city with Japan and promote the municipal businessenvironment to more Japanese firms in the time to come.
Japan is the second largest foreign investor in Hai Phong with146 valid investment projects worth 3.9 billion USD in total. In 2022, Japanese-fundedfirms saw their total revenue nearing 2.2 billion USD; export and import valuereaching 3.08 billion USD and 2.3 billion USD, respectively. They contributed to the State budget about 1.31 trillion VND (55.26 million USD). Theyhired some 39,667 people, of whom 39,308 are Vietnamese.
At the zone, Japanese investors put funds into a total of 44projects worth 1.32 billion USD as of February 15./.
Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31.
Deputy Prime Minister Tran Luu Quang on February 15 suggested Vietnam and Japan strengthen their investment cooperation, especially in spearhead industries, pay attention to technology transfer to Vietnam, and promote green transition.
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A representative of participating firms speaks at the event. (Photo: VNA) 
