Hanoi offers promising investment opportunities for Japanese firms

15:26 | 04/04/2018 Economy

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.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung speaks at the meeting on on March 23 - Photo: VNA

The municipal administration held a meeting on investment and tourism promotion cooperation between Hanoi and Japan on March 23.

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 enterprises.

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 US$3 billion for 32 ODA-funded projects in the city. It is also the second biggest foreign investor in Hanoi with over 950 projects worth over US$5.4 billion.

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 US$981 million 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.

Theo VNA