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Hà Nội invites Japanese investment in waste treatment

Update: August, 04/2016 - 16:00
Chairman of the municipal People’s Committee Nguyễn Đức Chung welcomes Nakamuara Tetsunosuke, president of the Việt Nam–Japan Friendship Association in Japan’s Osaka Province. - VNA/VNS Photo Nguyễn Văn Cảnh
Viet Nam News

HÀ NỘI – Hà Nội is offering incentives to enterprises, particularly those from Japan, to apply advanced technologies in waste treatment in the capital, municipal People’s Committee Chairman Nguyễn Đức Chung said. 
At a reception held yesterday for Nakamuara Tetsunosuke, president of the Việt Nam–Japan Friendship Association in Japan’s Osaka Province, Chung said Hà Nội was seeking urgent solutions for waste and wastewater treatment, one of the key tasks in the next five years. 
The incentives include a 50 per cent discount in land rental fees, an 11-year exemption from corporate income tax, along with other support for Japanese workers in the city, according to Chung. 
Hà Nội had developed a relatively complete traffic infrastructure including a highway network, and also Nội Bài international airport, facilitating its connection with other provinces nationwide and countries in the world, Chung said. 
The capital city also called for investment in transport development, including eight urban railway networks, belt-ring roads and bridges, as well as in clean agricultural product processing and tourism, he said. 
The municipal leader expressed his admiration for the achievements Japan has made as well as the support the country has given to Việt Nam. 
Hà Nội has so far attracted approximately US$24 billion in foreign direct investment, including $15 billion from Japan in 600 projects, according to Chung. 
One large Japan-funded project in the locality was a clean water plant with a daily capacity of treating 270,000cu.m, to be completed in 2019, Chung said. 
The same day, the Japanese delegation met Chairman of the municipal People’s Council Nguyễn Thị Bích Ngọc, who called on Hà Nội and Osaka to expand their investment co-operation and strengthen sharing of experiences in legislation and human resources training. – VNS


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