Dong Nai province is ready to welcome the wave of Japanese investors

According to Vietnam News Agency correspondent in Japan, on April 24, in the capital Tokyo, an Investment Promotion Conference in Dong Nai province took place.

Attending the conference were Member of the Party Central Committee, Secretary of Dong Nai Provincial Party Committee Nguyen Hong Linh, Vietnamese Ambassador to Japan Pham Quang Hieu, Vice Chairman of Dong Nai Provincial People’s Committee Nguyen Thi Hoang, representatives of agencies. Departmental agencies of Dong Nai province, Representatives of the Japan External Trade Organization (JETRO); along with numerous representatives of Vietnamese and Japanese businesses…

Speaking at the opening of the conference, Vice Chairwoman of the People’s Committee of Dong Nai province Nguyen Thi Hoang gave an overall introduction to the province, mentioning the local strengths in its efforts to attract foreign investment in general. and from Japan in particular.

According to Ms. Nguyen Thi Hoang, among 46 countries and territories investing in Dong Nai province with 1,606 projects and a total capital of 34.65 billion USD, Japan is the second country in terms of number of projects with 276 projects and ranked 3rd in registered investment capital (5.22 billion USD).

Vice Chairman of Dong Nai Provincial People’s Committee emphasized that Japanese businesses have made important contributions to socio-economic development, creating jobs for workers; Promote the development of industry, trade and services, especially supporting industries of Dong Nai province.

Vietnamese Ambassador to Japan Pham Quang Hieu also said that Dong Nai is one of the leading provinces/localities in successfully attracting foreign investment capital, especially from Japanese investors.

The Ambassador expressed his belief that with a favorable geographical location, abundant human resources and a series of key national transportation projects being implemented, Dong Nai province will continue to become a “bright spot” in attracting capital. foreign investment in Vietnam.

Ambassador Pham Quang Hieu affirmed that within the legal framework, the Vietnamese Embassy in Japan is committed to continuing with Dong Nai and Vietnamese provinces/localities to accompany businesses of the two countries Vietnam-Japan in cooperation and business investment process in Vietnam.

In his speech at the conference of Directors of the Department of Planning and Investment of Dong Nai province, Mr. Nguyen Huu Nguyen presented in detail the infrastructure capacity, human resources, development orientation and development potential of Dong Nai province. .

In particular, the paper introduces an outstanding strength of Dong Nai as the locality with the largest industrial park development plan approved by the Prime Minister in the country, with 39 planned industrial parks with a total land area of ​​over 18,500 hectares.

Director of the Department of Planning and Investment of Dong Nai province said that industrial parks will create momentum for industrial development, create jobs and aim to create a complete, modern and synchronous industrial ecosystem. .

JETRO representative, Mr. Sho Hiromitsu, presented research on “Vietnam’s economic situation and investment expansion trend,” saying that despite stagnation due to the COVID-19 pandemic, the current investment trend is from Japan to Vietnam is gradually recovering.

JETRO representative said that according to survey results with Japanese businesses operating abroad, Vietnam is the destination attracting the second largest number of businesses considering expanding their business in the world, after the US, in 56.7% of Japanese-invested enterprises in Vietnam plan to expand their business in the next 1 to 2 years.

Mr. Hiromitsu raised factors that are considered advantages when investing in Vietnam including: market size/growth potential; stable socio-political conditions; Labor costs are low and in terms of the ASEAN region, Vietnam is also known for its relatively high quality of labor.

At the conference, General Director of Long Duc Investment Company Limited, Mr. Ishii Hiroyuki, introduced the network of industrial park projects of Sojitz Group in Vietnam, industrial parks being developed by Sojitz and operating in Dong Nai and a new industrial park project is being implemented in Dong Nai.

Mr. Hiroyuki identified Dong Nai province as a destination for Japanese businesses with the advantages of infrastructure, convenient transportation, high quality and abundant human resources along with the development of industry. Auxiliary.

Speaking at the closing of the conference, Secretary of Dong Nai Provincial Party Committee Nguyen Hong Linh expressed his impression of the interest of Japanese businesses in the province.

Secretary Nguyen Hong Linh affirmed that with the Investment Law effective from January 1, 2021, Dong Nai guarantees the property ownership rights of foreign investors, ensures business investment activities, and ensures business investment in case of changes in laws and other rights.

Mr. Nguyen Hong Linh said that Dong Nai is focusing on completing and submitting to the Prime Minister for approval Dong Nai Provincial Planning for the period 2021-2030, with a vision to 2050.

According to him, this is an important scientific basis and legal tool for authorities at all levels of Dong Nai province to use in policy planning and effective management and use of resources, and is the basis for implementing launching projects in Dong Nai province.

Secretary of Dong Nai Provincial Party Committee expressed that with the spirit of prayer and readiness to prepare the best conditions to welcome businesses and investors, Dong Nai wishes and expects to soon welcome a wave of investors. investment and businesses, especially large Japanese corporations and companies in the fields of modern industry, trade and services to create major changes in the province’s economic restructuring, achieving the goal proposed by Dong Nai province./.