Japanese investors satisfied with investment conditions in Hung Yen: diplomat
Japanese enterprises operating at Hung Yen’s industrial park are pleased with favourable conditions they have received here, with many planning to expand their investment, according to Japanese Ambassador to Vietnam Yamada Takio.
Hung Yen (VNA) – Japanese enterprises operating at HungYen’s industrial park are pleased with favourable conditions they have receivedhere, with many planning to expand their investment, according to JapaneseAmbassador to Vietnam Yamada Takio.
The diplomat made the remark at a meeting between working delegationsof the Foreign Ministry and the embassy with authorities of the northernprovince on August 26 to promote investment cooperation between Japan and HungYen.
Hung Yen adjoins Hanoi and is located close to the capital’s Noi Baiinternational airport, as well as to the Hai Phong and Cai Lan ports.
At the meeting, Deputy Foreign Minister Le Hoai Trung said the provincehas all conditions needed to serve all types of investment.
He expressed his hope that the embassy will inform more investors onthe locality to boost related economic and cultural cooperation ties.
Chairman of the provincial People’s Committee Nguyen Van Phong statedJapan investors in Hung Yen are highly valued for their investment scale,production technologies, environmental protection efforts, and tax payment.
Currently, Japan is the biggest foreign investor in the province with166 projects worth over 3 billion USD.
For his part, Yamada Takio highlighted Hung Yen has favourableconditions for building factories, adding that in addition to big names likePanasonic, Toto, and Daikin, small Japanese firms also choose to invest in thelocality.
Many of them operate at the local Thang Long 2 industrial park, hesaid, noting that the expansion of the park will help attract even moreJapanese capital.
The diplomat took the occasion to list a number of difficulties inpurchasing materials in Vietnam and seeking high-quality employees, then askedlocal authorities to promote linkages among firms and the development ofsupport industry.
He also suggested Hung Yen boost the quality of high school educationand the teaching of the Japanese language at school./.
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At the meeting (Photo: VNA) 
