Ba Ria-Vung Tau continues attracting Japanese investment

15:33 | 23/10/2015 Economy

(VEN) - Japan is one of Ba Ria-Vung Tau Province’s strategic partners. Currently, 23 Japanese businesses are operating in the province in fields such as iron and steel, glass, and oil refining and petrochemicals. Vietnam Economic News’ Ngoc Anh spoke with Yasuzumi Hirotaka, Chief Representative of the Japan External Trade Organization (JETRO) in Ho Chi Minh City.

Ba Ria-Vung Tau continues attracting Japanese investment

Ba Ria-Vung Tau attracts Japanese investors because it has seaports and adequate transport facilities. Do you think the province has any other advantages?

Ba Ria-Vung Tau has deepwater seaports, energy resources, and abundant human resources with Japanese language skills. It is located near to Binh Duong and Dong Nai provinces that have large industrial zones, and Ho Chi Minh City. To promote Japanese investment in Ba Ria-Vung Tau, we have provided Japanese businesses with information about the province. We have also proposed to the provincial leadership our recommendations in terms of environmental, investment attraction, and industrial policies, hoping for an improved business environment in the province.

What do you think Ba Ria-Vung Tau needs to do to develop support industries?

The Vietnamese government needs to provide local small and medium companies with further support so that they can develop and become partners of Japanese businesses. Ba Ria-Vung Tau needs to improve the service quality of the Cai Mep-Thi Vai port complex. Along with attracting investment in the fields of processing iron and steel, glass, oil and gas, the province needs to put in place policies that offer aid for investors in support industries.

In 2014, Japanese investment in Vietnam decreased compared with previous years. Since mid-2015, however, things have changed. JETRO is actively assisting Japanese small and medium companies so that they can promote overseas investment. Many Japanese small and medium companies want to invest in Vietnam. So I think Japanese investment in Vietnam will increase in the future.

What was the value of the Vietnam-Japan business connection workshop and exhibition that took place in Vung Tau this September?

The workshop was held with the aim to strengthen the links between Vietnamese and Japanese businesses. Participants included 43 businesses and organizations, using 50 stalls to present their products. Japanese companies introduced a range of products including vegetables, mobile phone equipment, and motorcycles.

The Ho Chi Minh City-Long Thanh-Dau Giay Expressway has helped considerably reduce the time required for traveling between Ba Ria-Vung Tau Province and Ho Chi Minh City. Ba Ria-Vung Tau attracts Japanese businesses because it has abundant energy, water, and human resources, and is where the only deepwater port in Vietnam is located.

This workshop and exhibition in Ba Ria-Vung Tau was an event targeted at consumers. I think it was a good experience that would help the province organize similar events more successfully in the future.

Ngoc Anh