The central city of Da Nang always appreciates the contributions of Japanese enterprises to its socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Vietnam.
The statement was made by Vice Chairman of
the Da NangCity People’s CommitteeHo Ky Minhat an investment
promotion conference held recently in Hanoi.
Minh said they also considered Japan as an important strategic partner for
concentrating investment attraction.
By the end of November 2018, Da Nang has attracted 670 FDI projects with total
registered capital of 2.88 billion USD. Of which, Japan has invested in 163
projects with a total registered capital of more than 675 million USD and is
the country with the largest investment projects in Da Nang.
Japan’s investment projects focus on manufacturing and processing industry as
well as information technology and communication.
These projects have created jobs for more than 20,000 local workers, providing
advanced management models, modern business methods and having a positive
impact on domestic enterprises in terms of technology innovation and product
quality.
They have also contributed to increasing export turnover and actively
contribute to enhancing the image of Da Nang in the region and also in the
world.
"Although the contribution of Japanese FDI enterprises to the development of
the city is considerable, the attraction of Japanese FDI to Da Nang is still
limited,” Minh added.
The city continues to improve infrastructure, preferential investment policies,
actively support existing investors, promote administrative reform as well as
build a transparent and favorable investment environment.
Da Nang wants to attract Japanese investors from small and medium enterprises
to multinational corporations with advanced finance and technology capabilities
to learn about investment environment and opportunities of the city in the
fields of precision mechanics, automation, information technology, hi-tech in
general and high quality services in line with the planning orientation of the
central city in the future, according to the vice chairman.
Speaking at the conference, Hironobu Kitagawa, Chief Representative of the
Japan External Trade Organisation (JETRO) said Da Nang City was very potential
for investment, however, not many Japanese firms knew about the existence of
this central city.
JETRO was trying to promote the investment opportunities to Da Nang for
Japanese companies to come here and start their business.
"Da Nang City has significant potential for developing some areas such as
information technology, food and beverages, and hotel and resorts,” Kitagawa
toldVietnam News.
The event was organised by the People’s Committeein cooperation with
JETRO. It drew the participation of more than 100 delegates from the
associations and investors from Japan.-
Source: VNA
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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