A new wave of Japanese investment is forecast to emerge in Ho Chi Minh City, Vo Van Hoan, Chief of the municipal People's Committee office, said during a press conference on April 4.
The Ben Thanh - Suoi Tien urban railway project in Ho Chi Minh City is funded by Japan (Photo:dangcongsan.vn)
HCM City (VNA) – A new wave of Japanese investment is forecast to emerge in Ho Chi Minh City, Vo Van Hoan, Chief of the municipal People's Committee office, said during a press conferenc💦e on April 4.
To assist the future capital flow, overhauling administrative procedures is the top priority, Hoan noted.
He said research is underway to establish a trade promotion centre supporting investors based on the application of the one-stop-shop mechanism.
According to the official, other tasks include promoting the role of business associations, boosting the performance of promotion agencies and encouraging start-ups.
Japan has thus far invested in 828 projects in the southern hub, with the total registered capital reaching approximately 2.7 billion USD.
The city has received 3 billion USD worth of Japanese official development assistance (ODA) for eight local projects.
In a recent visit to Japan, a delegation from Ho Chi Minh City asked for additional ODA to be granted to its environmental and metro projects.-VNA
A number of active and technology-driven Japanese companies met with local businesses in northern Hai Duong province on November 27 to seek to establish partnerships for new projects.
Hanoi will continue speeding up administrative reforms, and synchronising policies and mechanisms to facilitate operations of Japanese enterprises in the locality.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
The Ben Thanh - Suoi Tien urban railway project in Ho Chi Minh City is funded by Japan (Photo:dangcongsan.vn)
