Nghe An introduces potential at online seminar to attract Japanese investment

Nghe An province, along with Can Tho and Phu Tho, are the three localities selected to present and introduce their investment attraction potential at the Workshop.

The workshop was held online with the participation of more than 200 people.Japanese businessdemonstrates the strong determination of the investment promotion agencies of the two countries as well as the Japanese business community during difficult times due to the impact of the Covid-19 pandemic.

The Tokyo (Japan) bridge point was attended by Mr. Vu Hong Nam - Ambassador Extraordinary and Plenipotentiary of Vietnam to Japan and more than 200 Japanese enterprises interested in learning about investment in Vietnam.

Hanoi (Vietnam) bridge with the participation of Mr. Do Nhat Hoang - Director of Foreign Investment Agency (Ministry of Planning and Investment), Mr. Tatsuya Toyama - General Director of SMBC Bank in Vietnam and representatives of investment promotion agencies of localities: Phu Tho, Nghe An and Can Tho, representing the three regions of North - Central - South of Vietnam.

Mr. Bui Duy Dong - Director of Nghe An Province Investment, Trade and Tourism Promotion Center gave a speech at the Workshop. Photo: Thanh Huyen

Speaking at the Tokyo (Japan) bridge, Mr. Vu Hong Nam - Ambassador Extraordinary and Plenipotentiary of Vietnam to Japan believes that Vietnam will continue to be a safe and reliable investment destination for businesses and investors.Japan, especially after the Vietnamese Government successfully controlled the Covid-19 epidemic. This achievement once again affirms that Vietnam is emerging as a safe destination during the pandemic, gradually opening up to restore the economy.

While global FDI flows tended to decline in 2020 due to the impact of the pandemic, Vietnam's FDI attraction results in the first 11 months of the year were relatively positive. Total FDI capital in the first 11 months of 2020 reached 26.43 billion USD, equal to 83.1% of the same period in 2019, of which Japanese investment ranked fourth with nearly 2.2 billion USD, the processing and manufacturing industry ranked first in attracting FDI with 12.734 billion USD.

Speaking at the Hanoi (Vietnam) bridge, Mr. Do Nhat Hoang - Director of the Foreign Investment Agency (Ministry of Planning and Investment) emphasized the main points in Vietnam's investment incentive policy in general as well as providing an overview of the situation of attracting Japanese investment to Vietnam in 2020. The Vietnamese Government continues to make efforts to create favorable conditions for Japanese investors and experts to return to Vietnam after the Covid-19 pandemic. Currently, Vietnam has welcomed more than 4,000 Japanese experts back to Vietnam in 2020.

Delegates at the Hanoi - Vietnam bridge point (from right to left) Mr. Tatsuya Toyama - General Director of SMBC Bank in Vietnam, Mr. Do Nhat Hoang - Director of the Foreign Investment Agency (Ministry of Planning and Investment) and representatives of the three localities of Phu Tho, Nghe An and Can Tho. Photo: Thanh Huyen

Attending the Workshop, Mr. Bui Duy Dong -Director of Center for Investment, Trade and Tourism PromotionNghe An province gave a speech introducing the potential and strengths of Nghe An province in attracting Japanese investment. He emphasized that Nghe An province always attaches importance to and identifies Japan as a leading partner in the province's international cooperation strategy as well as investment attraction. Currently, Japan has 10 projects/113 million USD in Nghe An. Nghe An province hopes that Japanese investors and enterprises will continue to pay attention and learn about investment in Nghe An. The province is committed to creating the most favorable conditions for investors to learn about investment, business and build sustainable careers in the homeland of President Ho Chi Minh.

After the workshop, the localities of Phu Tho, Nghe An and Can Tho and the Foreign Investment Agency had a meeting with SMBC Bank on promoting investment capital.