First Vietnam-Japan Park to be built

The signing of a number of cooperative documents to develop the Vietnam-Japan Support Industry Park took place in Que Vo Industrial Park (IP) on April 27 as part of a comprehensive cooperative programme between the two countries.

Signatories to the documents were representatives from Vietnam’s Ministry of Industry and Trade, the Vietnam Economic Research Institute in Japan, the Bac Ninh provincial People’s Committee, the Kinh Bac Urban Development Joint Stock Company (KBC), Deputy Prime Minister Hoang Trung Hai and Japanese ambassador to Vietnam, Mitsuo Sakaba.

The No 1 Vietnam-Japan Support Industry Park, which is built on an area of 16 hectares in Que Vo IP and Vietnam’s first supporting IP.  The Japanese side pledges to send 50 small and medium-sized enterprises to invest around US$100 million in the IP this year to support Japanese industrial corporations operating in Vietnam.

Addressing the signing ceremony, Mr Sabaka expressed his delight at the increasing cooperative ties between Vietnam and Japan, hoping that after the Support Industry Park is put into operation, Bac Ninh province’s neighboring localities will play an important role in developing Vietnam’s support industries, and contribute to boosting the country’s economic growth.

Dr. Phan Dang Tuat, the director of the Industrial Strategy and Policy Research Institute, said that the construction of the industrial park is a beginning step for Vietnam’s support industries. Their development will help the country to integrate into global industry sustainably. Japanese enterprises are the best choice for Vietnam, he added.

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