Dong Nai pledges optimal conditions for Japanese investors
11:36 | 20/09/2019

VGP – Viet Nam is willing to create the best possible conditions for Japanese enterprises as a whole, to make investments and conduct business successfully in Viet Nam, said Vietnamese Ambassador to Japan Vu Hong Nam during a seminar in Tokyo on September 19 aimed at enhancing trade links with the southern province of Dong Nai. 

At the seminar

During the seminar, Vice Chairman of the Dong Nai provincial People's Committee Tran Van Vinh introduced the province’s development potential and investment attraction policies, highlighting the locality’s advantages such as a young population, a convenient transportation system, and fertile land. 

Currently, more than 40 countries and territories have invested in Dong Nai, with Japan ranking third in terms of the number of projects and overall investment capital, said Vinh. 

Ambassador Nam noted that Japan is regarded as one of Viet Nam's most important partners, with Japanese investment projects making a significant contribution to boosting the country’s socio-economic development and generating jobs. 

The Vietnamese diplomat affirmed the Government’s pledge to offer the best possible conditions for Japanese firms keen to invest in the country. 

With the implementation of the Long Thanh international airport project and an effective investment attraction strategy in place, Dong Nai can become an attractive destination for foreign investors, especially those from Japan, Nam said.

At present, Dong Nai has 1,420 valid investment projects with total investment of nearly US$30 billion, including 259 Japanese investment projects worth US$4.64 billion. 

The province has paid special attention to the quality of capital inflows, and projects with a specific focus on eco-friendly industries.

Japan currently is Viet Nam's largest ODA donor, the second largest FDI investor with over US$52 billion and the fourth largest trading partner with US$33 billion. 

The country also leads foreign investors in Viet Nam with registered capital of over US$9 billion in 2017 and US$7 billion in the first eight months of 2018, accounting for 28.8% of total registered capital.

By Hoang Ha

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