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NEWS UPDATES Asean Affairs                              7  September 2011

Vietnam offers incentives to Japanese investors

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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 Vietnam, said Deputy Minister of Planning and Investment Dang Huy Dong Dong made the statement at a seminar marking the fifth Vietnam-Japan Economics meeting in the Tokyo yesterday. More than 200 delegates participated.

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.

Vietnam 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.


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