Japanese Investors Explore Opportunities in Central Province

Ground breaking ceremony of the third Canon factory in the northern province of Bac Ninh, Viet Nam, June 2006

Nineteen managers and chief representatives of Japanese businesses in Viet Nam visited the central province of Thua Thien-Hue on Dec. 21 to seek investment opportunities.

The entrepreneurs, who included Canon Viet Nam General Director Kageyama Sachio, focused their inquiries on the province's investment promotion strategy, the one-stop licensing service, possible issues in business operation and land lease prices at a working session with local authorities.

Chairman of the Thua Thien-Hue provincial People's Committee Nguyen Xuan Ly assured his guests that the province would offer open and favourable conditions to all investors.

The chairman also informed them of the potential and preferential investment policies for former imperial Hue city, the Chan May-Lang Co economic zone and the Phu Bai industrial zone.

Ichikawa Kyoshiro, a senior Japanese investment advisor in Viet Nam, said that the number of Japanese-invested projects in Viet Nam rose from 107 in 2004 to 121 by the end of November 2006. The figure is expected to increase to between 130 and 140.

As much as 80 percent of the capital was poured into the manufacturing industry, he added. However, he noted, there are only four projects in Thua Thien-Hue province.

Source: VNA

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