At the event (Photo: VNA)Hai Phong (VNA) – More than 30businesses from Vietnam and Japan were brought together at an event in thenorthern port city of Hai Phong on July 19 to seek stronger investment links.
The event aimed to help enterprises increaseproduction and management capacity while joining the global value chain.
Vice Chairman of the municipal People’sCommittee Nguyen Van Thanh described Hai Phong as one of the most dynamicregions in Vietnam.
As a traffic hub of aviation, railways,expressways and inland waterways, Hai Phong has big advantages in connectingwith other cities and provinces nationwide as well as internationalintegration, he said.
The northern port city has consistently beenlisted among the top destinations for foreign direct investment in Vietnam,with 553 projects worth over 15.7 billion USD so far, focusing on industry,infrastructure and real estate, trade and services, he cited.
Among 38 countries and territories investing inHai Phong, Japan has the most projects with 137, and ranks second in terms ofinvestment capital (4.6 billion USD) after the Republic of Korea.
Japanese firms mainly invest in industrialproduction, with 101 projects worth 3.63 billion USD, making up 73.7 percent ofJapan’s total projects and 79.08 percent of its total investment.
The Japanese government has helped theVietnamese city develop physical infrastructure such as bridges, roads, HaiPhong port and rainwater drainage systems as well as improve sewage treatmentand solid waste management by providing official development assistance.
More than 500 Japanese experts now live and workin Hai Phong.-VNA
VNA
