A conference entitled “Hai Phong city – North Vietnam’s new manufacturing centre” took place in Bangkok, Thailand, on October 25 to seek to attract more investments from Thailand and Japan.
Bangkok (VNA) – A conference entitled “Hai Phong city – North Vietnam’s new manufacturing centre” took place in Bangkok, Thailand, on October 25 to seek to attract more investments from Thailand and Japan.
The event was co-organised by the Foreign Investment Agency (FIA) under Vietnam’s Ministry of Industry and Trade, the Board of Investment of Thailand (BOI) and the Japan External Trade Organisation (Jetro).
According to Dang Xuan Quang, deputy head of the FIA, Vietnam’s signing of a Free Trade Agreement with the European Union and its participation in the Trans-Pacific Partnership negotiations are reasons to draw more investments from foreign businesses, including those from Japan and Thailand.
Representatives of northern Hai Phong city called on Japanese and Thai enterprises to boost investment in the city and affirmed the city always creates favourable conditions for investors.
Hai Phong city has the biggest sea port in the north of Vietnam. It is well connected with Hanoi and is a pillar in the northern economic development triangle.
The city has attracted 13.63 billion USD in foreign direct investment in 480 projects. So far this year, it lured around 3 billion USD.
Deputy Chairman of Jetro Haruhiko Ozasa spoke highly of the dynamic, stable investment environment in Vietnam and said many Japanese enterprises expressed their interest in investing in Vietnam.
Representatives of ministries and localities from Vietnam, Japan and Thailand answered questions from enterprises on investment procedures and policies in Vietnam.
Vietnam has attracted 23.52 billion USD in FDI in 2015 and 16.43 billion USD in nine months of 2016, reported the Ministry of Planning and Investment.
💝 Japan has 3,212 operating projects with a combined capital of 42.03 billion USD, being the second largest investor in Vietnam, while Thailand has invested 7.73 billion USD in 443 projects in Vietnam, making it the 10th biggest investor.-VNA
South Africa wishes to learn from Hai Phong’s experience in developing the maritime economy and building ships, South African Vice President Cyril Ramaphosa said.
Prime Minister Nguyen Xuan Phuc urged Vinh Bao district in the northern port city of Hai Phong to exert all-out efforts to soon become a new-style rural district.
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The Hai Phong Port Joint Stock Company and the Heung-A Shipping Co., Ltd of the Republic of Korea (RoK) put into operation their joint logistics services in Hai Phong city.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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A corner of Hai Phong city. (Source: phateco.com)
