Quang Ninh looks to attract Japanese investment

08:02 | 03/06/2015 Economy

Quang Ninh has chosen to focus on attracting Japanese investments by improving its business climate and upgrading infrastructure.

Quang Ninh looks to attract Japanese investment

Quang Ninh invests in infrastructure facilities to draw Japanese investment. (Photo: VNA)

According to Vice Chairman of the provincial People’s Committee Nguyen Van Thanh, the locality will speed up construction of a highway connecting Ha Long city with the neighbouring Hai Phong port city, which is also linked to the Hai Noi-Hai Phong highway.

Work on a road to the Viet Hung industrial zone, which is home to several Japanese-invested projects, will be boosted, Thanh said, adding that Quang Ninh has also asked investors to complete their infrastructure construction and upgrades at the Viet Hung and Dong Mai industrial zones.

The provincial People’s Committee has required the local education sector to work with the Japan International Cooperation Agency and the Ministry of Education and Training to consider teaching the Japanese language at local high schools. It also plans to send around 20 graduate students to Japan for language training.

Tran Nhu Long, head of the province’s Investment Promotion Board, stated that the province will actively provide information on its business climate and policies to Japan’s prestigious press agencies like Nikkei Daily and JiJi Express news agency while simultaneously updating information on the board’s website.

It will also have regular meetings with Japan’s investment, trade and tourism promotion agencies to address difficulties facing Japanese investors, said Long.

Head of the Japan External Trade Organisation office in Hanoi Atsusuke Kawada suggested Quang Ninh pay attention to Japan’s small- and medium-sized enterprises present in Vietnam and with plans to expand their presence to other localities.

He also noted that Japanese investors often need social infrastructure like schools, international hospitals and Japanese restaurants in prominent business areas.

At present, Japanese investments in Quang Ning remain relatively low, ranking ninth of the nations and territories investing in the locality with 5 projects totalling over 44 million USD./.

Source VNA

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