Thai Binh province wide open to Japanese investors: official

Thai Binh officials and representatives of Japanese organisations and enterprises in a group photo at the conference in Tokyo on April 21. (Photo: VNA)

Tokyo (VNA) – The People’s Committee of Thai Binhprovince and the Vietnamese Embassy in Japan held a conference in Tokyo onApril 21 to invite Japanese investment to the northern locality of Vietnam.

Addressing over 100 representatives of Japanese organisationsand enterprises, Vice Chairman of the Thai Binh People’s Committee Lai Van Hoanintroduced the strengths of his province, such as its favourable geographical location,an abundant workforce, a large land reserve for industrial development, and one of the highest growth rates in Vietnam.

He noted Japanese enterprises are strong in the fields whichThai Binh prioritises such as support industries, electronics,manufacturing, tourism, hi-tech agriculture, and pharmaceutical production.

Given this, it has and will always keep its door wide open toJapanese investors as it has confidence in and highly values their investment,scientific, and technological capabilities, as well as their production andbusiness effectiveness, the official went on.

Vice Chairman of the Thai Binh People’s Committee Lai Van Hoan speaks at the conference. (Photo: VNA)

NguyenDuc Minh, Chargé d’affaires a.i. of the Vietnamese Embassy in Japan, affirmedthat the Japanese investment flow into Vietnam has substantially contributed tolocal sustainability-oriented socioeconomic development. Many businesses fromthe Northeast Asian country have applied high technology to make prestigious products,helping replace imported items, increased exports, promoted growth, and raisedVietnam’s stature in the world.

In his remarks, Tanabe Michihiro, an expert fromthe ASEAN - Japan Centre, held that Thai Binh boasts much potential fordeveloping agriculture, farm produce processing, and supporting industries.

He said he hopes the conference would be a catalyst forbilateral investment activities.

At the event, Thai Binh officials presented the province’spotential, policies on foreign investment attraction, and some outstandingindustrial parks. They also fielded Japanese firms’ questions about investmentpolicies and licensing procedures.

The twosides also witnessed the exchange of memoranda of understanding between the Viglacera Corporation and its Japanese consultingpartner, and between the ThaiBinh Seed Group and the Satake Group of Japan./.

VNA