Japanese enterprises key to Hải Phòng’s economic growth

Update: March, 26/2018 - 17:00
Hải Phòng’s Tân Vũ - Lạch Huyện Bridge, the longest cross-sea bridge in Việt Nam. - Photo VNA
Viet Nam News

HẢI PHÒNG – Japanese businesses have become an important part of Hải Phòng’s economy, said municipal Party Committee Secretary Lê Văn Thanh at a conference in the northern port city on Saturday.

The conference was held to promote Japanese investment and tourism.

At the conference, Vietnamese and Japanese firms discussed cooperation opportunities and their potential in the sectors of tourism, auto support industry, logistics and human resources training. The Hải Phòng
Investment, Trade and Tourism Promotion Centre signed seven memoranda of understanding on cooperation with Japanese companies.

Speaking at the event, Japanese Ambassador to Việt Nam Umeda Kunio highlighted the growth of ties between Japan and Hải Phòng
as reflected in several Việt Nam-Japan trade pacts on major projects in the city, adding that the local Tân Vũ bridge and port were built using Japanese technologies.

Vũ Tiến Lộc, Chairman of the Việt Nam Chamber of Commerce and Industry, said Hải Phòng had convenient infrastructure and was active in institutional reforms, which were plus points in attracting investors.

He expected 60 participating investors to promote Hải Phòng’s favourable business climate among their Japanese peers.

He also said attracting Japanese investment was a goal set by the Vietnamese Government, Hải Phòng authorities in particular.

As of February 2018, Japan had 134 FDI (foreign direct investment) projects in Hải Phòng, capitalised at US$4.31 billion, ranking first in volume and second in value.

Hải Phòng’s tourism-culture cooperation with Japanese localities also recorded positive outcomes, with frequent delegation and cultural exchanges, trade promotion events and joint educational programmes. - VNS