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Japan Desk launched to help investors in Ha Noi

Update: April, 19/2014 - 09:23
Workers at a factory of Japanese 100 per cent owned Muto Technology Hanoi Co., Ltd. Japanese investors like the company can receive support from the Japan Desk managed by Ha Noi's Department of Planning and Investment from April 11. — Photo

HA NOI (VNS)— The Investment Promotion Centre under Ha Noi's Department of Planning and Investment and Forval Vietnam jointly launched the Japan Desk last week to assist Japanese investors in the city.

The desk will focus on eight main activities, such as providing information on the investment environment in Ha Noi, introducing partners for investment and solving the difficulties faced by Japanese firms in the city.

Talking with Dien Dan Doanh Nghiep (Enterprise Forum) newspaper, Masahiro Ariga, chairman of Forval Vietnam, said that small and medium sized enterprises in Japan are tending to make investments abroad, including Viet Nam.

"Only Vietnamese agencies such as the Ha Noi Department of Planning and Investment can provide useful information on Viet Nam and the contact points for Japanese firms.

I think this is very necessary for the investors in Viet Nam. Therefore, I do not think that the Japan Desk has come into operation late. I think it is essential to assist Japanese enterprises for a long time," he said.

Japan is the biggest of 101 countries and territories that have invested in Viet Nam as of last month with cumulative investment of US$35.4 billion in more than 2,237 projects, according to the Foreign Investment Agency.

The average capital of Japanese projects is also the highest at $15.8 million.

While Japanese investors have a presence in most sectors, manufacturing and processing account for a lion's share of their investments at nearly $30 billion. It is followed by property at $1.4 billion and construction at $1.05 billion.

Thanh Hoa Province topped investment destinations with total capital of $9.67 billion, followed by Binh Duong with $4.18 billion, and Ha Noi with $3.86 billion. — VNS

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