A road running though Hoài Nhơn Town, Bình Định Province. The province has inked a cooperation deal to attract more in vestment from Japan. — VNA/VNS Photo Vũ Sinh

BÌNH ĐỊNH — The People’s Committee of Bình Định Province on Wednesday inked a cooperation deal with the Japan – Việt Nam Friendship Association of Sakai city as part of the south-central province’s efforts to attract more investment and development resources from the Northeast Asian country.

Chairman of the provincial People’s Committee Phạm Anh Tuấn said Bình Định views the Japanese market and partners as of having great potential. Therefore, it has been working hard to not only attract investment from Japanese enterprises but also strengthen cooperation with Japanese localities and partners so as to make use of their resources, particularly capital, machinery, and scientific - technological advances, to support local socioe-conomic development.

He assigned the provincial Department of Foreign Affairs to monitor the implementation of cooperation activities and continue discussing with the friendship association of Sakai as well as related units and localities to work out practical programmes and activities for each year.

The two sides are set to coordinate in introducing Bình Định’s potential, advantages, and investment opportunities to Japanese companies, investors, and partners, assisting investors from Sakai to survey and seek investment and business chances in Bình Định; and helping the two sides’ enterprises to access each other’s markets.

Bình Định currently houses 19 investment projects worth US$96.67 million from Japan. They operate in such fields as afforestation, apparel, wood and aquatic product processing, and renewable energy.

In the first 11 months of 2024, the province exported nearly $263.5 million worth of goods to Japan, equivalent to 121.17 per cent of the figure recorded in the same period last year. Main exports included cassava and related products, ores and other minerals, timber, aquatic products, and apparel.

Bình Định has signed three local-level cooperation agreements with Japan, namely the deal between the Bình Định People’s Committee and the administration of Izumisano City of Osaka Prefecture, another between the People’s Committee of Vĩnh Thạnh district and the administration of Yoshino town of Nara Prefecture, and the one between the People’s Committee of Quy Nhơn City and the administration of Ashikaga city of Tochigi Prefecture. — VNS