TOKYO — The northern province of Phú Thọ hopes Japanese businesses will continue to invest in the Vietnamese locality and commit to create favourable conditions for their operation.
Chairman of the provincial People’s Committee Bùi Minh Châu said this at a conference in Tokyo, Japan, on April 12 to promote Japanese investments in Phú Thọ.
The event was co-organised by the Vietnamese Embassy in Japan, Japan External Trade Organisation and ASEAN-Japan Centre. More than 50 Japanese businesses and investors participated in the event.
Châu highlighted the province’s advantages, such as its proximity to Hà Nội’s Nội Bài International Airport as well as a modern and synchronous port system and socio-economic infrastructure.
The province has great potential in manufacturing, assembling industry, construction material production, hi-tech agriculture and forestry, he said.
There is also room for tourism development as Phú Thọ is home to two world cultural heritage recognised by UNESCO---worshipping of Hùng Kings and traditional “xoan” singing, he added.
The chairman said Japanese firms were currently running seven projects in the province worth nearly US$40 million, mainly in the fields of wood processing, garment-textiles and footwear.
According to Vietnamese Ambassador to Japan Nguyễn Quốc Cường who was also present at the event, relations between Việt Nam and Japan are at their peak and thriving in all spheres, particularly economy, trade and investment.
Apart from large companies, small-and medium-sized enterprises from Japan are increasing investments in Việt Nam, he said, noting that 1,800 Japanese businesses have registered to partake in the Japan Business Association in Việt Nam, making it the largest association of its kind in the world.
The ambassador hoped that the conference would encourage Japanese enterprises to choose Phú Thọ as a reliable investment destination. — VNS