Special incentives offered to Japanese investors

The Vietnamese Government has always appreciated the quality and efficiency of capital flows of foreign direct investment (FDI) from Japan. It recently called on Japanese businesses to increase investments to develop industries in Viet Nam, said Deputy Minister of Planning and Investment Dang Huy Dong.

Making automobile components in a Japanese firm. Direct investment from Japan has always been appreciated in Viet Nam.

Dong made the statement at a seminar marking the fifth Viet Nam-Japan Economics meeting in the Tokyo yesterday. There were more than 200 delegates in participation.

Dong said Japan was strong in manufacturing and support industries and Viet Nam had many opportunities to develop such industries thanks to abundant human and natural resources at work.

Viet Nam was willing to offer special incentives for Japanese investors to continue their involvement, such as building a separate industrial park for small and medium Japanese enterprises who invest in support industries. They would be given free legal services and document translations when registering for investment in the industrial zones

At the seminar, the Ambassador of Viet Nam to Japan, Nguyen Phu Binh, affirmed Japan was one of the important economic partners of Viet Nam. Viet Nam highly appreciated the role of Japanese companies for economic development in Viet Nam and the strategic relationship between the two countries.

The CEO of the International Friendship Exchange Council of Japan (FEC), Ken Matsuzawa, also shared his view with Ambassador Binh, and expressed thanks for the valuable assistance provided by the Vietnamese Government to the victims of the March earthquake and tsunami, considering it a symbol of the friendship between the two countries.

The Embassy of Viet Nam in Japan in co-ordination with the FEC held the seminar. At the seminar were representatives of the Ministry of Planning and Investment, the Ministry of Industry and Trade of Viet Nam and Bac Ninh Province and Hai Phong City. They introduced their investment in the environment and incentives to encourage foreign investment in Viet Nam and support industry as well.

According to statistics of the Ministry of Planning and Investment, for more than two decades Japan has been one of the countries and territories with the largest FDI in Viet Nam. As of July this year, total registered capital of Japanese companies reached US$21.6 billion, with 1,560 projects and ranked fourth among 93 countries and territories having investment in Viet Nam.
Source: VNS

Tags: invest in Vietnam, Japan investment in Vietnam, Vietnam FDI, Vietnam investment