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Japanese province enterprises share investment ideas
Enterprises from Japan's Aichi prefecture wished to expand investment in Viet Nam, said Saburo Onoki, director of the prefecture's Trade and Investment Agency, during talks with the Vietnamese Foreign Investment Agency (FIA) yesterday in Ha Noi.
Onoki said more than 97 Aichi enterprises had already invested in Ha Noi and HCM City.
At the talks, Aichi enterprises already set up in Viet Nam discussed ways for the Vietnamese Government to improve the investment environment.
Do Nhat Hoang, head of FIA, said Japan ranked among the leading foreign investors in Viet Nam. In November, Japan had 1,636 investment projects in Viet Nam with total registered capital of nearly US$24 billion, ranking fourth among foreign investors.
Hoang said Aichi was one of the leading Japanese investors in Viet Nam. So far 97 businesses from the prefecture were involved. Most were operating effectively and had expanded operations.
He said that for more than 18 months, Viet Nam had failed to maintain its attraction to foreign investors, mainly because of the global economic crisis.
However, he said Viet Nam could attract more foreign investment into high-tech industry, infrastructure and human-resource development.
Onoki noted that the growth of the Vietnamese economy had been maintained with the GDP increasing by 6.8 per cent in 2010.
This was why many Japanese investors wanted to learn about the investment environment in Viet Nam.
A support desk has been established to help businesses from Aichi share information and experiences with Vietnamese partners.
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