Kagoshima prefecture’s firms wish to invest in Vietnam

14:57 | 24/01/2018 Investment

Chairman of the Chamber of Commerce and Industry of Japan’s Kagoshima prefecture Yoshitaro Iwasaki has expressed wish to connect the two countries’ businesses across aquaculture, farm produce and aquatic processing and personnel training.  

VCCI Chairman Vu Tien Loc (R) and Kagoshima official Yoshitaro Iwasaki - Source: VNA

During a recent meeting in Hanoi with Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, Iwasaki said Kagoshima is strong in agriculture, fisheries and food processing.

Japanese localities have devised their own strategies to seek business opportunities abroad and call for foreign investment in Japan, he said, adding that he hopes the two nations’ firms will understand more about each other to form specific linkages on the back of the VCCI’s support.

He said the Kagoshima Chamber of Commerce and Industry will work closely with VCCI to arrange exchange of business visits, thus helping their companies to learn about the other market, and hold business dialogues and forums.

Loc agreed with the guest’s proposal to enhance exchange and connectivity between Vietnamese and Japanese enterprises.

He pledged to provide support for Kagoshima firms to fully tap existing business opportunities.

Considered a gateway to Southeast Asia due to its location in southern Japan, Kagoshima prefecture advocates cooperation with Southeast Asian countries, including Vietnam. It is home to nearly 1.6 million people with annual income per capita of roughly 2.5 million JPY (over US$22,300).

Its economy mostly relies on light and processing industry, animal husbandry and cultivation.

Theo VNA