Kanagawa prefecture’s enterprises want to invest in Vietnam

09:39 | 12/09/2019 Investment

Many small- and medium-sized enterprises (SMEs) in Japan’s Kanagawa prefecture want to invest in Vietnam, Governor Yuji Kuroiwa said at in investment promotion forum held in Yokohama on September 6.

The forum co-organised by Kanagawa authorities and the Vietnamese Embassy in Japan - Photo: VNA

In his opening speech, Kuroiwa said Kanagawa authorities are willing to support local firms to make investment in Vietnam.

Co-organised by Kanagawa authorities and the Vietnamese Embassy in Japan, the forum drew the participation of hundreds of Japanese businesses. Representatives from four Vietnamese provinces, namely Thai Binh, Ha Nam, Hung Yen, and Vinh Long, took the occasion to introduce their potential and investment attraction policies.

Vietnamese Ambassador to Japan Vu Hong Nam said Vietnam-Japan relations are at their best and now is the most suitable time for Vietnamese and Japanese investors to step up cooperation.

He noted that the Vietnamese Government always pays attention to Japanese SMEs who own significant sums of capital and advanced technologies, while the Japanese Government is encouraging local companies to invest in Vietnam.

Do Nhat Hoang, Director of the Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment, briefed the participants on the country’s business climate and investment attraction policies.

He pointed to factors that make Vietnam an attractive destination for foreign investors, including stable socio-politic environment, high economic growth, abundant human resources, competitive production costs, and open policies for investors, among others.

Hoang affirmed that Vietnam considers quality, effectiveness, technology and environmental protection as the most important criteria in assessing FDI projects.

Theo NDO/VNA