Japanese businesses commit to investing in HN
VGP – Chairman of Ha Noi’s People’s Committee Nguyen Duc Chung met with leaders of Japanese leading groups on the sidelines of Prime Minister Nguyen Xuan Phuc's visit to Japan from June 30-July 1.
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| Chairman Chung witnesses the signing ceremony of memorandums of understanding - Photo: VGP |
Chairman Chung briefed the Japanese businessmen on investment environment and investment preference of Ha Noi.
Specifically, besides policies on investment incentives, the Ha Noi People’s Committee has spared no effort to reform administrative procedures to facilitate investment and business operation. Ha Noi’s 2018 Provincial
In 2018, Ha Noi was the largest FDI destination. As of June 30, the city still maintained the position by absorbing US$ 5.03 billion of FDI. So far, the city has attracted over US$ 41.2 billion with 4,850 effective projects.
Chairman Chung reported that before 2015, Japan was the fourth largest FDI investor in Ha Noi. However, since 2018, Japan outstripped other investors to become the largest FDI provider in Ha Noi. Japan is expected to maintain the status in 2019.
Mr. Chung briefed Japanese enterprises on Ha Noi’s key investment orientations and attraction. He also pledged to create favorable conditions on procedures, land, and human training.
The Japanese businessmen highly praised the business environment in Ha Noi and vowed to set footholds in the city.
A representative from Sumitomo group expressed an aspiration to deploy a smart city project in the East of Ha Noi. Meanwhile, another leader from Nidec hoped to speed up investment project at Hoa Lac High Tech Park.
Chairman Chung and the Japanese businessmen exchanged memorandums of understanding worth US$ 3.75 billion./.
By Khanh Phuong
