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

Japanese investment in Nghe An is not commensurate.

Before attending the conference, Deputy Prime Minister Vuong Dinh Hue received Mr. Umeda Kunio - Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam and discussed some contents in cooperation between Vietnam and Japan.

At the conference, the Deputy Prime Minister assessed that organizing the Conference "Nghe An - Japan Meeting: Cooperation and Development" in Nghe An today is a very practical diplomatic initiative, not only having political significance but also economic, cultural and social significance between the two sides.

Deputy Prime Minister Vuong Dinh Hue received Mr. Umeda Kunio - Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam.

Nghe An is one of the few localities in Vietnam that the Politburo has issued a separate resolution on. That is Resolution 26 on the direction and tasks for developing Nghe An province until 2020.

“Resolution 26 is a very valuable asset of Nghe An, demonstrating the Party and State's concern for Nghe An,” the Deputy Prime Minister affirmed.

In addition, the Deputy Prime Minister also informed delegates about planning, investment in transport infrastructure, tourism development, Nghe An's position in the economic regions of Nam Thanh - Bac Nghe and Nam Nghe - Bac Ha...

In particular, the province has had major investors in industrial park infrastructure such as: VSIP, WHA Hemaraj, Hoang Thinh Dat.

Deputy Prime Minister Vuong Dinh Hue said: In the South, there is an image of "if you want to raise big fish, you have to dig a deep pond"; while in the North, there is a common saying "if you want to welcome an eagle, you have to have a big nest".

However, according to the Deputy Prime Minister, although "the pond is deep and the nest is big", there are not many investment projects in Nghe An, especially Japanese investors who have only invested more than 70 million USD, which is not commensurate.

Deputy Prime Minister Vuong Dinh Hue speaks at the conference. Photo: Thanh Duy

From there, comrade Vuong Dinh Hue urged Japanese investors to research and soon have investment projects in Nghe An.

“We have opportunities, we have fate, we have destiny. I hope that after the conference, we will have very specific decisions,” the Deputy Prime Minister said after citing the traditional relationship between Nghe An and Japan, one of the first people to build the bridge was patriot Phan Boi Chau - a son of Nghe An.

More substantial improvement of the investment environment

However, in order to do a good job of promoting and attracting investment, Deputy Prime Minister Vuong Dinh Hue suggested Nghe An do 3 things:

The leaders and authorities of Nghe An province need to take stronger and more drastic actions in directing all levels and sectors of the province to develop specific policies and solutions to strongly promote the Nghe An - Japan relationship from foreign affairs to attracting investment, trade, tourism, etc.

Production at the mechanical workshop of Yabashi Limestone Mining Company - Vietnam (a Japanese enterprise investing in Nghe An) in Quy Hop district. Photo: Thanh Duy

In particular, the Deputy Prime Minister requested to continue to improve the investment environment more substantially and effectively, not only for provincial leaders but also for departments, branches, localities, and public servants; further shorten the gap between decisions, between words and implementation in reality to create a more favorable business environment; reform administration at all levels, have mechanisms to attract resources, carry out economic restructuring and transform the growth model in depth...

Thereby, Nghe An creates the best conditions for foreign enterprises, including Japanese enterprises, to invest, do business conveniently and bring success in Nghe An.

Next, the Deputy Prime Minister also suggested that Nghe An needs to be more active, innovative, and creative in introducing and widely promoting the potential for cooperation and business in its locality, while at the same time learning to better meet the requirements and expectations of Japanese partners and investors.

Overview of the conference. Photo: Thanh Duy

Nghe An needs to continue to promote its internal strength, exploit the advantages and potentials of the locality to the fullest, and promote the connection between the two sides through strengthening cooperation in ODA, trade, and investment. In addition to the areas of cooperation that the two sides have implemented, it is necessary to research and develop medium-term and long-term strategies to develop cooperation in other potential areas that have not been exploited.

Also at the conference, Deputy Prime Minister Vuong Dinh Hue proposed that the conference be held annually.

Provincial Party Secretary Nguyen Dac Vinh hopes for a wave of Japanese investment in Nghe An

(Baonghean.vn) - Talking with Mr. Umeda Kunio - Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam, Secretary of Nghe An Provincial Party Committee Nguyen Dac Vinh expressed hope for a wave of Japanese investment in Nghe An.