Japanese enterprises consider Vietnam’s support industries a prime opportunity for their investment.
Japanese Consul General in Ho Chi Minh City, Nakajima Satoshi,
announced this in a seminar in the city on October 30 with the objective
of fostering links between enterprises in Japan’s Ehime prefecture and
Vietnam.
During the event, Joko Toshifumi, Deputy Governor of
Ehime prefecture, briefed the host on the locality’s socio-economic
development.
The Japanese official also introduced the
potential of local enterprises in the fields of chemicals, non-steel
metals, electronics, machines, textiles and garments, adding that they
were looking for investment opportunities in Vietnam.
Head of
the Management Board of the HCM City Export Processing and Industrial
Zone Authority (Hepza) Vu Van Hoa highlighted the zone’s incentives for
international firms in general and Japanese firms in particular to
invest in the city, especially in the key sectors of electronics and
information technology, mechanical engineering, chemicals, and food
processing.
On the occasion, Hepza and the Ehime association
of small- and medium-sized enterprises signed a memorandum of
understanding on cooperation on the support industries.
According to Hepza, the city is now home to 16 industrial and processing
zones, attracting 1,314 projects with a total investment capital of 9
billion USD, including 528 foreign direct investment (FDI) projects
worth 5 billion USD. Japan is the biggest investor in Hepza with
116 projects and investments of more than 1.3 billion USD.-VNA