HCMC invites Japanese investors in five key fields

Ho Chi Minh City Party Committee Secretary Le Thanh Hai on October 9 called on Japanese enterprises to invest in five key fields including infrastructure construction, support industry, hi-tech, high quality human resource, and environmental protection.

HCMC Party Committee Secretary Le Thanh Hai (2nd, L) and leaders from the Vietnam – Japan Economic Committee (Photo: SGGP)

He was speaking at a meeting with Vietnamese and Japanese businesses hosted by the Japan Business Federation--Keidaren and HCMC Trade and Investment Promotion Center during his visit to Japan.

Mr. Hai appreciated the Vietnam – Japan Economic Committee for their practical contribution in implementation of the Vietnam-Japan Joint Initiative to improve business environment, boost foreign investment especially from Japan in Vietnam, and fortify Vietnam’s competitiveness.

“We will do our best to ensure a stable political and social environment, protect legal and legitimate rights and benefits of investors, create favorable environment for foreign enterprises to operate stably and effectively in long term in the city,” said Mr. Hai.

Deputy Chairman of the city People’s Committee Le Thanh Liem said that the city authorities pledged to continue improving investment environment making it clearer and opener.

HCMC has established a working group who will study and consult the city authorities about intensifying economic affiliation with Japan.

The city is also working to soon implement the Public Private Partnership Modal so that Japanese businesses could give local authorities a hand in key projects.

Chairman of the Vietnam Japan Economic Committee Kyohei Takahashi said that the committee had facilitated 679 Japanese enterprises’ investment in HCMC.

The city has become the largest invested locality by Japan businesses in Vietnam, he added.

He affirmed that the committee would do its utmost to fortify and develop cooperation relations between HCMC and Japan.

By Hong Hiep – Translated by Hai Mien

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