Hanoi to host conference on Japanese investment

July 27, 2011 | 10:33

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Around 300 delegates from leading Japanese banks and businesses, and Vietnamese ministries and economic groups, will attend a conference on Japanese investment on August 10.

The information was released at a press conference held on July 26 by the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment, the Japanese embassy in Vietnam, and Nikkei Business Publications.

Participants at the conference will discuss different ways to restore and reconstruct Japan after the devastating earthquake and tsunami, and learn about changes in its foreign investment policy.

Head of the FIA, Do Nhat Hoang, said there were two different investment trends in Japan. Investors will inject more money to help the country and also into the international market.

A recent survey of 130 key Japanese businesses conducted by Nikkei Business Publications shows that all of them believe Japan’s economy will rebound within 2011.

The flow of Japanese investment to Asia, especially to Vietnam, is greater than ever, said Toshiyuki Obama, managing director of Nikkei Business Publications.

Japanese businesses are keen on investing in the power sector and want to seek foreign partners. This is a good opportunity for Vietnamese businesses to cooperate with them, he added.

Japan provides the most bilateral official development assistance to Vietnam and it is Vietnam’s fourth largest export market.

Japanese foreign direct investment in Vietnam in the first seven months of this year reached $770 million.

VOV

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