South central coast unattractive to Japanese businesses

Over 2,500 Japanese businesses invested in Vietnam in 2016, however, they mainly concentrated in Hanoi, HCMC and Da Nang while the number was limited in the south central coast, said Japanese Ambassador to Vietnam Kunio Umeda yesteday.

A view of Nha Trang city, Khanh Hoa province (File Photo: SGGP)

A view of Nha Trang city, Khanh Hoa province (File Photo: SGGP)

He was speaking at a conference in Khanh Hoa province with the attendance of Vietnamese ministries, agencies and seven south central coastal provinces from Quang Nam to Binh Thuan.
Among the attendees, 80 investors from Japanese business associations intend to seek opportunities in the region.
At the conference, Mr. Nguyen Van Ba, head of the Foreign Investment Agency under the Ministry of Planning and Investment, proposed Japanese side to pay attention to exploiting local advantages such as seaports, energy industry, tourism and seafood farming.
Associate Professor Tran Dinh Thien, head of the Central Institute for Economic Management (CIEM), said that Japan is in strength of industry but the region’s infrastructure has not been developed with connectivity among provinces hot high.
In addition, the south central coast is very beautiful, advantageous for tourist development however it has not been able to get rich from that, he said.

By VAN NGOC – Translated by Hai Mien

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