Sumimoto Mitsui ink MoU on business
HCM CITY — Amata
Industrial Park Viet Nam and Sumimoto Mitsui signed a memorandum of
understanding yesterday to support Japanese companies’ further investment in
Huynh Ngoc Phien,
president of the industrial park, and Isao Aramaki, general manager of the HCM
City branch of Sumitomo Mitsui Banking Corp., signed the MoU.
"We strongly believe
that in the years to come, Viet Nam will be among the few countries with the
best investment environment," Phien said.
The cultural similarities
between Viet Nam and Japan, he said, would help make Viet Nam the best
alternative destination to China for Japanese investors.
Under the agreement, the
two sides will cooperate in providing information and financial services to
Japanese companies, as well as help in acquiring industrial land for factories
and ancillary services.
Aramaki said Sumitomo had
supported Japanese companies’ business activities in Viet Nam by providing
financial services since the corporation opened its representative office in HCM
City in 1994.
The company’s Ha Noi
representative office was opened in 2004, followed by the opening of its HCM
City branch office in June this year.
Phien said with high
quality infrastructure and good facilities and services, the Dong Nai-based
Amata Industrial Park had attracted many foreign investors.
Japanese companies alone
have made a total investment of more than US$800 million in the industrial park.