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Japan seminar probes VN's investment environment

A workshop to introduce Vietnam’s investment environment to Japanese investors was held in Tokyo on Nov. 9, attracting 200 local representatives.
A workshop to introduce Vietnam’sinvestment environment to Japanese investors was held in Tokyo onNov. 9, attracting 200 local representatives.

DeputyMinister of Planning and Investment Nguyen The Phuong highlighted thesocio-economic achievements Vietnam has made since the beginning ofthe renewal process which have turned the country into a foreigninvestment attraction, with high appreciation from internationalinvestors and financial institutions.

He also underlinedVietnam’s potential in oil and gas exploration, mining and tourismas well as its high demand for infrastructure development, which willoffer chances for foreign investors, especially those from Japan .

DeputyMinister Phuong spoke highly of Japanese investors’ business inVietnam, revealing that over the past 20 years, Japanese enterpriseshave invested in 1,258 projects worth 20.5 billion USD, ranking thirdamong foreign economies investing in Vietnam .

Head of theForeign Investment Agency Do Nhat Hoang introduced Vietnam’sinvestment encouragement policies, investment procedures and incentivesfor foreign investors.

He encouraged Japanese investors topour funds into Vietnam’s top priorities such as hi-tech, energy saving,agro-forestry-fishery production and processing, infrastructure, andeducation and information technology, affirming that the investment costin Vietnam was lower than in many other economies of the same level.

Director of Kirin Beverage Fumiaki Furuya told the workshop about his experiences of doing business in Vietnam .

Vietnam’s stable politics, low-cost production, increasing demandand young and studious human resources made him decide to invest in thecountry, he said.

A representative from Binh Duongprovince called for more Japanese investors to invest in infrastructure,education and training and hi-tech in the province, which offersconvenient infrastructure, location and investment procedures./.

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