Former Minister Truong Dinh Tuyen urged Japanese enterprises to invest in Nghe An.

Mr. Truong Dinh Tuyen's opinion was given at the "Meeting Nghe An - Japan" Conference in Vinh City, Nghe An. This is the first conference jointly organized by the People's Committee of Nghe An province and the Embassy of Japan in Vietnam.

Former Minister Truong Dinh Tuyen speaks at the conference. Photo: Thanh Duy

Mr. Truong Dinh Tuyen, former Secretary of Nghe An Provincial Party Committee, assessed that Nghe An's investment environment has been increasingly improved with the province's strong determination. 2019 was chosen by Nghe An province as the year of administrative reform.

Along with that, the former Minister of Trade of Vietnam also said that Nghe An has a relatively complete infrastructure system, including large domestic and foreign investors in industrial park infrastructure.

In the near future, the North-South expressway, including the Hanoi-Vinh section, will start construction and if the North-South high-speed railway is built, one of the first sections to be built will also be the Hanoi-Vinh section. “Thus, the future infrastructure conditions in Nghe An will be even better. That is extremely important,” he analyzed.

In particular, the person who is considered as “Mr. WTO” of Vietnam acknowledged that Nghe An is proud to be a place with abundant human resources, very high quality, hard-working, studious, hard-working, mature very quickly and recognized by many experts and investors at home and abroad. “Those are the very strong factors of Nghe An”, Mr. Tuyen said.

Besides, in terms of historical factors, Nghe An and Japan have a traditional friendly relationship whose foundation was established by Phan Boi Chau and doctor Asaba Sakitaro in the early 20th century.

Converging all the above factors, but what makes Mr. Truong Dinh Tuyen worried is that the investment capital from Japan and Nghe An is still too modest. Currently, in Nghe An, there are only 7 Japanese investment projects with a total capital of 72.19 million USD in the fields of limestone mining, food, garment...

Meanwhile, over the past 30 years, Japan has always been Vietnam's leading economic partner, the largest partner in ODA, second in FDI investment, third in tourism and fourth in trade exchange.

Notably, Japan returned to the top position among countries and territories investing in Vietnam in 2017 and 2018 with total FDI values ​​of 9.1 billion USD and 8.6 billion USD, respectively.

In recent surveys by the Japan External Trade Organization (JETRO), most Japanese enterprises are optimistic and intend to expand their investment and business activities in Vietnam.

Workers at MLB TENERGY Co., Ltd. (a Japanese FDI enterprise) in Yen Thanh district, Nghe An. Photo: Thanh Duy

Therefore, in front of Japanese enterprises and organizations attending the "Meeting Nghe An - Japan" Conference in Vinh City, former Minister of Trade Truong Dinh Tuyen expressed: "We really hope that Japanese enterprises will invest in Nghe An".

Mr. Truong Dinh Tuyen - who is currently the Head of the Socio-Economic Advisory Group for the Chairman of the People's Committee of Nghe An province also affirmed that the Advisory Group will be responsible for proposing recommendations to the leaders of Nghe An province to further improve the investment environment and enhance competitiveness.

"Thereby creating a basic premise to attract many foreign investors, including many Japanese investors, to Nghe An," he said.

In 2018, Nghe An's Provincial Competitiveness Index (PCI) ranked 19th out of 63 provinces and cities; up 2 places compared to 2017 and the highest position ever.

Nghe An's Provincial Governance and Public Administration Performance Index (PAPI) has gradually risen from 46th in 2013 to 21st in the country in 2017 and in 2018 has made a strong increase, ranking 4th out of 63 provinces and cities nationwide.

This is the result of efforts in leadership and management, especially in administrative procedure reform of Nghe An.

Deputy Prime Minister Vuong Dinh Hue: Nghe An 'the pond is deep, the nest is big'

(Baonghean.vn) - Attending the Conference "Meeting Nghe An - Japan: Integration and Development" in Nghe An, Comrade Vuong Dinh Hue - Politburo member, Deputy Prime Minister used the above image to compare the province's investment attraction conditions and urged Japanese investors to seize the opportunity to research and invest in Nghe An.