July 11, 2020 05:26

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Vietnam pledges to create optimal conditions for Japanese investors

19:47 | 19/09/2019

The Vietnamese Government is committed to putting in place optimal conditions in which Japanese firms can invest and do business in the country, stated Vu Hong Nam, the Vietnamese Ambassador to Japan, during a seminar in Tokyo on September 19 aimed at boosting trade links with the southern province of Dong Nai.

vietnam pledges to create optimal conditions for japanese investors

At the seminar (Photo: VNA)

Ambassador Nam noted that Japan is regarded as one of Vietnam's most important partners, with Japanese investment projects making a significant contribution to boosting the country’s socio-economic development and generating jobs.

The Vietnamese diplomat affirmed the Government’s pledge to offer the best possible conditions for Japanese firms keen to invest in the country.

With the implementation of the Long Thanh international airport project and an effective investment attraction strategy in place, Dong Nai can become an attractive destination for foreign investors, especially those from Japan, Nam said.

During the seminar, Tran Van Vinh, Vice Chairman of the Dong Nai provincial People's Committee, introduced the province’s development potential and investment attraction policies, highlighting the locality’s advantages such as a young population, a convenient transportation system, and fertile land.

Currently, more than 40 countries and territories have invested in Dong Nai, with Japan ranking third in terms of the number of projects and overall investment capital, said Vinh.

At present, Dong Nai has 1,420 valid investment projects with total investment of nearly US$30 billion, including 259 Japanese investment projects worth US$4.64 billion.

The province has paid special attention to the quality of capital inflows, and projects with a specific focus on eco-friendly industries.

According to statistics released by the Ministry of Planning and Investment, Japan ranked first among countries and territories investing in Vietnam in 2017 and 2018.

During the eight-month period, the far-eastern nation’s foreign direct investment (FDI) into Vietnam reached US$58.2 billion, accounting for 17 per cent of the total FDI entering the country. Currently, more than 2,500 Japanese enterprises are doing business in Vietnam.

Source: VNA