Vinh Phuc seeks to attract more strategic investors from Japan

The People’s Committee of Vinh Phuc held a conference on March 8 with a view to attracting more strategic investors from Japan to the northern province.

Vinh Phuc seeks to attract more strategic investors from Japan -0
Vice Chairman of the Vinh Phuc People's Committee Vu Chi Giang speaks at the conference on March 8. (Photo: VNA)

(VNA) – The event looked to promote the attraction of strategic investment to such fields as processing, manufacturing, hi-tech agriculture, trade, and services while creating a chance for local enterprises to boost cooperation with Japanese partners.

Representatives of JV Livestock Co. Ltd, Sojitz, and Vietnam Dairy Products JSC (Vinamilk) said they have received assistance from local authorities to address obstacles and difficulties related to administrative procedures, tax, site clearance, and others.

Other businesses noted Vietnam is a big market and Vinh Phuc boasts favourable conditions, adding that if possible, Japanese firms hope to cooperate with the province to set up production chains in some potential sectors.

By the end of 2022, Vinh Phuc was home to 1,270 investment projects, including 445 foreign direct investment (FDI) projects worth 7.55 billion USD and 825 domestic direct investment ones worth over 121 trillion VND (5.1 billion USD).

Among the 20 countries and territories investing in the province, Japan ranked second with 58 projects worth more than 1.6 billion USD, after the Republic of Korea in terms of the registered capital.

Most Japanese investors in Vinh Phuc are operating in mechanics, automobile and motorcycle production, electronics manufacturing, and industrial park infrastructure development. They account for 88% of FDI firms’ contributions to the local budget, according to the provincial People’s Committee.

Economy

Da Nang strengthens cooperative ties with Thai localities
Economy

Da Nang strengthens cooperative ties with Thai localities

Vice Chairwoman of the People's Committee of the central city of Da Nang Nguyen Thi Anh Thi on September 26 hosted a Thai delegation led by Thai Consul General in Ho Chi Minh City Wiraka Moodhitaporn, and Khon Kaen Deputy Governor Siriwat Pinijpanich, who are in the city to attend the "Meet Thailand in Da Nang" conference.

UN Special Rapporteur highly values Vietnam's progress
Economy

UN Special Rapporteur highly values Vietnam's progress

United Nations (UN) Special Rapporteur on the right to development Surya Deva had a dialogue in Geneva on September 18 with countries on his activities over the past year, during which he highly valued the Vietnamese Government's multidimensional poverty reduction approach.

Australian plums to be available in Vietnam
Economy

Australian plums to be available in Vietnam

Australian plums will soon be on shelves in Vietnam under the two-way agricultural market access agreement between the two countries that brings Australian plums to Vietnam and Vietnamese passion fruit to Australia, according to the Australian Government.

Vinamarine prohibits profiteering in emergency situations
Economy

Vinamarine prohibits profiteering in emergency situations

The Vietnam Maritime Administration (Vinamarine) under the Ministry of Transport strictly prohibits all acts of taking advantage of emergency situations, storms and floods to raise service prices inconsistent with fluctuations in total costs compared to normal conditions for profiteering.