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Japan seeks to promote agricultural projects in Vietnam

Many Japanese investors are planning to cultivate hi-tech agricultural projects in Vietnam, the Vietnam Investment Review (VIR) reported.
Many Japanese investors are planning to cultivate hi-tech agriculturalprojects in Vietnam, the Vietnam Investment Review (VIR) reported.

LeVan Tu, Vice Director of investment consulting firm Japan-VietnamCommercial Investment Company, told VIR the company was helping ShiiCompany based in Japan’s Miyazaki prefecture to implement a majorhi-tech project to produce clean vegetables in Hanoi.

“Shii isconducting market research in Vietnam in terms of output and investmentpolicies, before deciding on how much to invest, but I think it’ll be apretty large sum,” Tu was quoted as saying.

Tu’s company has alsobeen helping many Japanese agricultural firms do business in Vietnam incattle rearing and vegetable plantation and production.

At arecent meeting between the Ministry of Planning and Investment andleaders of Japan’s Tokyo Mitsubishi Bank, the Japanese financial giantsaid it would boost loans for Japanese firms to implement agriculturalprojects in Vietnam. They said the bank and Vietnamese partners couldjointly develop product clusters. This would help improve Vietnameseproduct added value. The bank would take its clients to Vietnam.

Inlate October 2014, Japan’s IT developer Fujitsu and Vietnam’s FPT inkedan agreement on deploying Fujitsu’s Akisai Cloud, which is used tosupport agricultural management via cloud computing, during 2015-2016.The agreement will help Fujitsu, which earned the total global revenueof 46 billion USD in 2013, to carve a stronger niche in Vietnam. Fujitsuwill build a greenhouse in Hanoi and pilot the application of theAkisai management system to a type of crop. The greenhouse will also befor showcasing high-tech solutions to develop a smart agriculture modelfor Vietnam.

Former Japanese Prime Minister Yukio Hatoyama,currently president of the East ASEAN Community Institute, said Vietnamand Japan had outlined a master plan on applying high-tech solutions inVietnam’s agricultural development. “The master plan will be implementedsoon, with the participation of many Japanese IT groups.”

“Weexpect we can cultivate some hi-tech projects in Vietnam as we aresuccessfully doing in Japan. These projects will also includeco-operation with local farmers in cultivating and marketing products,”the VIR cited Sato as saying.

Being one of Japan’s biggestagricultural firms, Wagoen provides clean vegetables for Tokyo and manyother cities in Japan’s eastern region.

In May 2014, Japanesecompanies, Always and Veggy, visited the northern province of Vinh Phucin search of investment opportunities so as to establish a joint venturewith a Vietnamese company for a high-tech project to produce cleanvegetables, which would be sold to Japanese restaurants in Vietnam andexported to Japan. The export turnover for the first year of the firststage on an 5-10 hectare operation was estimated to be 1 million USD.The second stage would be expanded to 50ha.

Many Japanese firmslike Yanmar, Maruyama MFG, MaruMasu Kikai, Nankai Kinzoku also expressedtheir intentions to expand agricultural machinery exports to thecountry.-VNA

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