ASEAN KEY DESTINATIONS
Hai Phong seeks investment from Japan, Thailand
A conference entitled "Hai Phong City – North Viet Nam’s new manufacturing centre" took place in Bangkok, Thailand, on October 25 to attract more investments from Thailand and Japan.
The event was co-organised by the Foreign Investment Agency (FIA) under Viet Nam’s Ministry of Planning and Investment, the Board of Investment of Thailand (BOI) and the Japan External Trade Organisation (Jetro).
According to Dang Xuan Quang, deputy head of the FIA, Viet Nam’s signing of a free trade agreement with the European Union and its participation in the Trans-Pacific Partnership negotiations are reasons to draw more investments from foreign businesses, including those from Japan and Thailand.
Representatives of northern Hải Phòng City called on Japanese and Thai enterprises to boost investment in the city and affirmed the city always creates favourable conditions for investors.
Hải Phòng City has the biggest sea port in the north of Viet Nam. It is well connected with Ha Noi and is a pillar in the northern economic development triangle.
The city has attracted US$13.63 billion in foreign direct investment in 480 projects.
So far this year, it lured around $3 billion.
Deputy Chairman of Jetro Haruhiko Ozasa spoke highly of the dynamic, stable investment environment in Viet Nam and said many Japanese enterprises expressed their interest in investing in Viet Nam.
Representatives of ministries and localities from Viet Nam, Japan and Thailand answered questions from enterprises on investment procedures and policies in Viet Nam.
Viet Nam has attracted $23.52 billion in FDI in 2015 and $16.43 billion in nine months of 2016, reported the Ministry of Planning and Investment.
Japan has 3,212 operating projects with a combined capital of $42.03 billion, being the second largest investor in Viet Nam, while Thailand has invested $7.73 billion in 443 projects in Viet Nam, making it the 10th biggest investor.
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