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Amata, Sumimoto Mitsui ink MoU on business

Update: October, 04/2006 - 00:00

Amata, Sumimoto Mitsui ink MoU on business

(04-10-2006)

HCM CITY — Amata Industrial Park Viet Nam and Sumimoto Mitsui signed a memorandum of understanding yesterday to support Japanese companies’ further investment in Viet Nam.

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. — VNS

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