Dong Nai encourages Japanese investment

Dong Nai pledges to create a favourable business climate for Japanese companies, said Nguyen Phu Cuong, Deputy Chairman of the provincial People’s Committee.

He made the remarks during a meeting on June 12 with a Japanese delegation led by the President of the Japanese Business Association in Ho Chi Minh City (JBAH) Tsutomu Sakagami.

Cuong said the province encourages foreign businesses to invest in high-tech agriculture, real estate, and tourism.

Dong Nai is currently home to about 1,500 FDI projects, worth more than US$ 27 billion. Of which, Japan has nearly 200 enterprises with a total capital of over US$ 4 billion.

For his part, Tsutomu Sakagami highlighted Dong Nai’s potential in attracting investment in agriculture and industry, saying Japanese businesses will invest in the province in order to welcome the Trans-Pacific Partnership (TPP).

Dong Nai has recently received a number of Japanese businesses who wish to invest in the province.

On June 3, a delegation of Japanese enterprises from Nagoya region, led by Hiroyasu Naito, Vice Chairman of Nagoya Chamber of Commerce & Industry (NCCI) and President of Rinnai Corp, embarked on a fact-finding mission to Dong Nai in order to seek investment opportunities in the province.

Earlier, the province and the Bureau of Economy, Trade and Industry of Japan’s Kansai region signed an economic cooperation framework agreement, with a focus on links in support industry.

Source:VNA

Other news

Most view

Shares recover after two-day decline

Shares recover after two-day decline

Vietnamese shares rebounded on the two exchanges on Wednesday as strong buying boosted almost all local stocks following the market’s two-day decline.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.