|
Hanoi calls for more Japanese investment
A senior Vietnamese diplomat has called upon Japanese businesses to increase their investment in Vietnam , particularly in infrastructure, accessories industries and farm processing.
Ambassador Nguyen Phu Binh made the appeal at a seminar held in Tokyo on October 15 to introduce the investment environment offered by Hanoi since it was enlarged, tripling its area and almost doubling its population.
Binh told those at the event, which was attended by representatives of more than 100 Japanese businesses, that Vietnam, which offers young, hardworking and creative workforce, socio-political stability and abundant natural resources, is a huge potential market with steadily increasing purchasing power.
“Similarities in culture between Vietnam and Japan have facilitated cultural, economic and commercial exchanges between the two countries,” he added.
Furukawa Hiroki, a representative from Japan ’s Integrated Technology Corporation, related his company’s experiences in establishing a joint venture with Vietnam ’s Interserco to operate in the Southeast Asian country.
The businessman supported Binh’s comments, citing low labour costs, socio-political stability and similarities in attitude between the Vietnamese and the Japanese as factors underlying his company’s move to expand its operations to Vietnam .
There are many Japanese representative offices operating in Hanoi , including the Japanese International Cooperation Agency, the Japanese External Trade Organistion, along with a number of large banks such as Mitsubishi UFJ, Sumitomo and Mizuho.
The seminar was co-hosted by the Hanoi Representative Office in Japan and the Tokyo Chamber of Commerce and Industry.
VNA
|
