Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
Secretary of the provincial Party Committee Nguyen Hong Linh (Photo: VNA)
Tokyo (VNA) – The southern province of Dong Nai stands ready toprepare the best conditions to welcome investors, especially those from Japan,Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
At the Dong Nai investment promotion conference held in Tokyo, Linh said thatthe province is rolling out red carpet for investment in the domains of modernindustry, trade, and services to create sweeping changes in the province’seconomic structural shift, affirming that it will ensure foreign investors’asset ownership as well as their business activities in line with the Lawon Investment.
According to Vice Chairman of the provincial People’s Committee Nguyen ThiHoang, Japanese enterprises have contributed greatly to the local socio-economicdevelopment as they have generated jobs for workers and bolstered localindustry, trade, and services, particularly the supporting industry. Japan isnow the third largest investors among the 46 countries and territories investing in Dong Nai by registering 5.22 billion USD in 276 projects.
Sho Hiromitsu, a representative from the Japan External Trade Organisation(JETRO), said that Japanese investment flow into Vietnam has bounced backfollowing a halt by COVID-19, adding Japanese corporations rate the Vietnamesemarket’s attractiveness as second only to the US and 56.7% Japanese firms inVietnam have plans to expand business there.
At the conference in Japan (Photo: VNA)
The firms will get huge advantages when investing in Vietnam which boastsmarket scale, growth potential, stable socio-political conditions, and competitivelabour cost, he stressed.
Meanwhile, Vietnamese Ambassador to Japan Pham Quang Hieu expressed his beliefthat with its favourable geographical location, abundant human resources, andkey transport projects being carried out, Dong Nai will continue to be a brightspot in the country’s foreign investment attraction.
The Vietnamese Embassy will accompany Dong Nai and other Vietnameselocalities as well as enterprises of both nations during their business cooperationin Vietnam, he stressed./.
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Secretary of the provincial Party Committee Nguyen Hong Linh (Photo: VNA) 
At the conference in Japan (Photo: VNA) 
