HCM City drives cooperation with Japan

April 18, 2012 | 20:18

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Ho Chi Minh City is seeking support and cooperation with Aichi prefecture of Japan in auto manufacturing, as the locality is seen as Japan ’s centre of the auto industry.

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Vice Chairman of the HCM City People’s Committee Le Manh Ha was speaking with visiting Aichi Governor Ohmura Hideaki and businesses on April 18.

Ha said he hopes that businesses from Aichi will gain more information and increase their investment in the city.

According to the HCM City official, about 500 Japanese businesses are operating in the city, with a total capital of about $2 billion.

Two-way trade between HCM City and Japan reaches nearly $4 billion annually, Ha said, adding that the city welcomes over 300,000 Japanese visitors each year.

On this occasion, Ha expressed thanks to Japan in general and Aichi prefecture in particular, for their contributions to his city’s construction and development process.

He cited the East-West Avenue project, including Thu Thiem tunnel, which uses official development assistance from Japan , as a bright example of successful cooperation between the two countries.

For his part, Ohmura Hideaki said Aichi hopes to further enhance ties with HCM City and with Vietnam at large.

Aichi has paid attention to investment in Vietnam and created conditions for small and medium-sized enterprises to seek cooperative opportunities in HCM City .

Aichi Governor Ohmura Hideaki committed to the expansion of cooperation between the two localities in industrial production, tourism and education.