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VietNamNews

Japan investment to increase

Update: September, 15/2012 - 08:57

 

Japan-invested Vina Taiyo Spring Company in Thach That Industrial Zone, Ha Noi, produces automobile parts. Viet Nam is hoping to attract more investments from Japan in support industries. — VNA/VNS Photo Danh Lam
TOKYO (VNS)— Japanese entrepreneurs were apprised about investment oppor-tunities in Viet Nam, especially in support industries and in industrial zones, at a forum held in Tokyo on Thursday.

Speaking at the forum organised by the Ministry of Investment and Planning and the Vietnamese embassy, Ambassador Doan Xuan Hung pointed out that ties between the two nations were strengthening in many fields like politics, tourism, and economy.

Viet Nam was amending policies to develop support industries and seeking to boost co-operation with Japanese companies, so investment opportunities have been set to increase, he said.

Deputy Minister of the Planning and Investment Nguyen Van Trung said improving investment quality and the socio-economic situation were among the Vietnamese Government's goals.

To achieve them, he said, it would focus on developing key industries including support industries to increase the rate of use of local components in manufacturing and improve the competitiveness of Viet-namese products.

The country had built many economic and industrial zones to attract more foreign investment, he said.

Twenty years after the first one was built, the country now has 280 industrial and processing zones and 15 marine economic zones.

Vietnamese officials said they realise that Japanese companies were moving to Southeast Asia, so Viet Nam was working to improve the investment environment to meet their needs.

Japanese investors heard about investment oppor-tunities in and the advantages offered by places like Hai Phong city and Thua Thien-Hue, Phu Yen, and Ba Ria-Vung Tau Provinces. They also heard about the many programmes for developing support indus-tries.

The Ministry of Planning and Investment said Japan remained one of the top investors in Viet Nam.

As of the end of July, Japanese companies had invested US$28 billion in more than 1,700 projects. — VNS

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